Word: backlash
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...conspicuously absent from its global shopping itinerary. The last major Chinese bid to buy a U.S. company ended in diplomatic disaster, when the China National Offshore Oil Corp. or CNOOC offered to buy the California oil company Unocal in 2005, in a deal worth about $18.5 billion, and a backlash in Congress prompted the angry Chinese to withdraw the offer. Unocal was finally sold to Chevron. More recent Chinese investments in the U.S. have also fared badly: Beijing has lost billions in recent months from investments in Morgan Stanley and the Blackstone Group, and Chinese officials who approved those investments...
...Watching the arc of Slumdog Millionaire's reception in India - it has moved speedily from obscurity to minor phenom to backlash to major phenom and now backlash again - I thought of all those indignant Indians denouncing the film as real-life versions of Prem the game-show host. India spent several years, and millions of dollars, promoting the story of "Incredible India," a shiny new world of prosperity, innovation and opportunity. That world certainly exists for millions of Indians, and for a while it was nice to believe that the lucky inhabitants of "rising India" would somehow lift...
...more and more schools set up peanut-free zones and as food manufacturers add warning labels that their products might contain particles of peanuts, soy or other allergens, the abundance of caution is starting to trigger a backlash. Given all the attention paid in recent years to food allergies, the number of people in the U.S. who die from them - 15 to 20 a year - is relatively small. More people die each year from bee stings. "But we don't remove flowers from schools or playgrounds," Dr. Nicholas Christakis, a professor of medical sociology at Harvard Medical School, commented recently...
Despite the handshakes and smiles yesterday in Sacramento, the budget crisis is far from over - and the state could be in for a serious citizen backlash over the next few months. In California, tax revenue enhancements must be voted on in a special election. On May 19, voters will determine the fate of $5.8 billion in measures, which also include a permanent state spending cap (which would extend the tax hikes from two to four years) and whether or not to divert money from children's services, mental health programs and the lottery into state coffers...
...asking these questions not because we should bend to the tyranny of the majority, to the citizens of this nation who look on art dubiously, but rather because the potential of backlash highlights the grim predicament that the arts currently face. Right now, we are stranded in the midst of the recession. Brandeis is liquidating its art holdings and closing its Rose Art Museum. The publishing industry is disappearing faster than Bernard Madoff’s money. And, as we descend further into economic chaos, the situation of the arts can only be supposed to get worse. We must make...