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...wages drop consistently for the past five years, according to United Nations data. This economic predicament is complicated by flagging demographics. Younger Singaporeans-the most productive workers-are increasingly seeking employment overseas, while the ones who remain are having fewer children. At the current birth rate, the population will begin to shrink in 2020. And that portends stagnating economic growth and a declining standard of living...
...museum show is never less than a complicated job. Getting all that art positioned just so--it's a test of nerves. But when the show is for Richard Serra, whose typical work is made from coiling steel plates that weigh 20 tons or so, complicated doesn't begin to describe it. Putting the things in place is like moving a dozen rockets to their launch pads. There's one sizable new Serra, called Sequence, that consists of 12 plates weighing a total of 243 tons. The average commercial airliner weighs...
...Party this year has been the movement en masse of its voters, elected representatives and candidates toward a policy of withdrawal sooner rather than later from Iraq. This culminated in the past couple of weeks when three-quarters of House Democrats and three-fifths of Senate Democrats voted to begin cutting off funding for most combat operations in Iraq. All the Presidential candidates supported the plan, including the previously "we can't just pull out" Clinton and Joe Biden. So the candidates are together on Iraq policy moving forward, however much sniping there might be about previous votes and statements...
...North America, let the Word of Mouth begin...
...Some Cambodians may be wondering whether an eighth tray should be added to the ceremony, this one holding a pool of oil. By 2010, a cluster of offshore fields should begin pumping oil and natural gas, radically changing the Cambodian economy. Optimistic estimates suggest that future oil revenue could dwarf the country's current GDP. But will any of this money trickle down to Cambodia's poor? Economists aren't sure, warning of a Nigerian-style oil curse that could simply make a privileged few very rich and leave the vast majority of people penniless...