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...been one of the biggest obstacles to an effective, coordinated deterrence regime. Even in this most recent case, the Security Council resolution had to be watered down because of opposition from China and South Korea (which also fears instability on its northern border). Still, as China becomes a bigger player on the global stage, the United States has been expending a great deal of effort to make China feel (and act) as if it has a stake in the international system. A notable recent example was the United States supported International Monetary Fund reform package, which expanded the voting rights...
...getting closer all the time. Or so it appears from five floors up a tiny lift at Diva, a karaoke bar in central Osaka that seems little bigger than a shoebox. It's way past midnight following the orchestra's final concert, and the beer is flowing?as is Carbo's voice: "My, my, my, Delilah!" The reverb might be less than crystal-clear tonight, but that doesn't stop the high emotion from bouncing back. Yet even though the room is filled with musicians and an opera star, two gatecrashers steal the show. A platinum-haired English teacher...
...pejorative rhetoric and dismissive language is not so much a reflection of any deep understanding on his part as it is his personality. He can't help himself," Wynn says. His posh inn, Wynn believes, will draw customers who will run up larger tabs--and create fatter profits. "Bigger ain't better. Better is better," Wynn says. The Wynn Macau "would look not like an office building, but a resort. We will always get our market share, because we've got a better mousetrap." Adelson has "got an advantage, but I'll catch up lickety-split," Wynn says...
...budding internet entrepreneurs, the moral of Google's $1.65 billion purchase of video start-up YouTube is simple: Build a real, functioning company, then sell it to a bigger one. During the dotcom bubble of the late 1990s, garage innovators could peddle imaginary businesses in initial public offerings. If an idea seemed as if it might make money someday (remember Pets.com?) that was good enough. Today's upstarts are more fully formed and are often led by wealthy veterans of the first boom. They know Google's not the only shopper. Yahoo! has spent close to $100 million for start...
...adding a third set of locks, wide enough to serve the supersize, post-Panamax vessels--those carrying more than 5,000 20-ft.-long containers--that many consider the future of commercial-cargo shipping. The canal's Old World competitor, Egypt's Suez Canal, can already accommodate the bigger vessels. A resized Panama Canal could be a boon to U.S. ports on the Gulf and East coasts, which currently handle post-Panamax cargo directly to and from Asia only via the lengthier Suez route. Says Gary LaGrange, CEO of the Port of New Orleans: "This will be monumental for maritime...