Word: backwardation
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...anytime soon. Following a miserable performance in August - Chinese stocks fell nearly 22% last month - Shanghai's 81% Great Leap Forward from January to July has now been pared to 42% as of Aug. 31. That's still a hefty advance, but it's looking like the long march backward will continue for some time. (See pictures of China's infrastructure boom...
...more or less the same rep company of kids. And then the blockbuster Home Alone, about an 8-year-old boy (played by Macaulay Culkin) stranded solo at Christmas, and its two sequels. Note that the protagonists of these films kept getting younger; Hughes was writing his emotional autobiography backward, like a sitcom Benjamin Button. "Oh, why can't we start old and get younger?" 30-something Annie Potts cries in Pretty in Pink. That was Hughes' writing plan. And when he had exhausted the human family, from dad to teen to little kid, he moved down to canines...
Instead, Thorpe and her colleagues found that orangutans move irregularly, shifting from side to side, moving backward and forward, using all four limbs at once, even walking upright on branches - all to keep disturbance to a minimum. In a way, they climb like humans might, if we were transplanted to the Sumatran jungle. "They move a bit like Tarzan in the old movies, swinging from branch to branch - only, orangutans do it like they do everything else, much more slowly," says Thorpe, whose team obtained nearly 3,000 visual observations of orangutans in motion during a yearlong study...
...despite its backward image, the so-called Hermit Kingdom could have pulled it off. Though Pyongyang may have few resources, it spends a lot of them on technology: computer studies are an important part of school and university curriculums. Stratfor's Baker points out that North Korea has become a major player in the computer-animation industry, which means it has banks of highly sophisticated computers, and people who know how to use them. North Korean hackers have in the past, for instance, launched more sophisticated attacks that actually penetrated South Korean sites. (See the 50 best websites...
...easier mortgage terms and falling interest rates provided a brisk tailwind for home prices. In the stock market, higher profits pushed along by bigger consumer and corporate debt loads brought higher stock prices. Start ratcheting the indebtedness down and throw in slower growth, and both of these processes go backward. For the long-term health of the economy, that's good--as we've learned, debt-fueled growth is not indefinitely sustainable. It means, though, that both the stock market and the housing market will be confronting headwinds for years to come...