Word: bets
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...another bad part does unfold, it's a safe bet the pent-up media will not leave Spears alone. "There are countless journalists bemoaning the fact that Britney is so well behaved these days," says Steve Dennis, author of the new biography Britney Spears: Inside the Dream. That said, he adds, if she can hold it together, Spears will have achieved her greatest success. "If this redemption has some longevity to it, then it will be one of show business's all- time comebacks," Dennis says. "She was staring into the abyss. But right now she's showing the world...
...warning of the precarious state of the Chinese economy, Wen was expressing concerns about the nation's very risky macro bet. With nearly 80% of its GDP going to exports and fixed investment, China had become overly reliant on cross-border trade and on the investments required to support the logistics and capacity of its increasingly powerful export machine. Not only has China slowed dramatically - with export growth turning sharply negative in late 2008 and industrial output growth slipping into the low single digits - but the rest of an increasingly China-centric Asian economy has been quick to follow...
...combined consumption was only about $2.5 trillion in 2008. During the boom, China and the rest of Asia reaped enormous benefits from a mercantilist growth model that was tied increasingly to the voracious appetite of the American consumer. Unfortunately, Asia did not do a good job in hedging that bet. The U.S. could now be in the early stages of a multiyear consumption retrenchment, making the problems of an unbalanced, export-dependent Asian economy even more acute...
...fact, the Middle East is bracing for the possibility that the escalation of tensions between Israelis and Palestinians - and the perceived failure of those Palestinian leaders aligned with U.S. peacemaking efforts - could ignite a new Palestinian intifada. And if a new confrontation does occur, it's a safe bet that there'll be voices on both sides blaming President Obama for having raised unrealistic expectations and prompting both sides to press their claims on the ground...
...Society of Professional Asset-Managers and Record Keepers says nearly 73 million Americans, or just under 50% of our working population, now have a 401(k). And collectively we pour more than $200 billion into these accounts each year. But retire rich? Don't bet on it. The average 401(k) has a balance of $45,519. That's not retirement. That's two years of college. Even worse, 46% of all 401(k) accounts have less than $10,000. Today, just 21% of all U.S. workers are covered by traditional pensions, and the number shrinks every year. "The time...