Word: asia
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Dates: during 2000-2009
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Geithner, despite the rhetoric before the Senate, understands this better than most. He spent much of his career in the 1990s at the Treasury Department working on international issues, with particular emphasis on Asia. He understands how complex the bilateral economic relationship with China is and will probably be inclined to resist pressure to formally cite Beijing as a bad actor on currency. (See pictures of the global financial crisis...
...come from biomass combustion like household cooking and slash-and-burn agriculture. The researchers confirmed that the layer of haze - which many have blamed for the world's increasingly extreme weather patterns - makes rain both more rare during the dry season and more intense during monsoons. And in South Asia, the cloud's net effect on climate change, says the study, rivals that of carbon dioxide...
Tucked into a former laundry room in a softly lit corner of Singapore's Regent Hotel, Iggy's doesn't exude the flash one would expect of the "Best Restaurant in Asia." But that is precisely the accolade bestowed upon it by the Miele Guide - a recently launched work of reference that aspires to be to Asia what the Michelin is to Europe. (See 10 things to do in Singapore...
...fourth quarter, at 6.8%, was the slowest the country has experienced in seven years. Compare that figure to the first half of 2008, when growth was more than 10%, and in 2007, when China posted an eye-popping 13% rate. As Stephen Roach, chairman of Morgan Stanley Asia, put it: "China hit a wall late last year...
...retail sales grew 19% in the fourth quarter - economists don't think the average Chinese has a big enough wallet to make up for weak demand overseas. "The reliance on the U.S. consumer as the buyer of last resort is going to have to change," says Michael Buchanan, chief Asia economist at Goldman Sachs in Hong Kong. He says "China has a long way to go in adjusting" to this fundamental change in the world economy...