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...same goes for the rest of Europe. The patchwork of nations that make up the European Union sports a combined population of half a billion people - hardly a small Gallic village forced to defend itself against the onslaught of an economic empire. In ways both obvious and less so, the E.U. is now a superpower...
...have electricity account for 75% of light-duty vehicle miles traveled by the year 2040. It also envisions a network of "fast-charging" stations, which would be capable of recharging a car in minutes. If that sounds expensive, it is. The coalition is calling for roughly $120 billion to be spent by the U.S. government over the next eight years on everything from public charging stations to better batteries. To date, the Obama Administration has released $3.4 billion in grants and loans for "smart grid" technology, which improves the efficiency of the electric distribution networks...
...ambitions and hide their claws." It was useful advice for a country trying to pull itself out of decades of war and chaos. But now China's booming economy and resilience in the face of the global slowdown have left it in a prime position. It holds nearly $800 billion in U.S. Treasuries, making it Washington's biggest creditor. But Beijing is still not confident in acting on the world stage for any interest besides its own. A recent survey of Chinese élites by Pacific Forum CSIS, a Honolulu-based foreign policy research institute, found that more than...
While China has vastly expanded trade ties and investments in Africa, Central Asia and South America, its foremost goal is to ensure its access to natural resources. In Afghanistan, China's $3 billion copper-mine investment is the country's largest single investment, but the stability of the war-torn region didn't merit a mention in Hu's 20-minute address. Neither did appreciation of China's currency, the renminbi, which Obama called "an essential contribution to the global rebalancing effort." Hu did, however, say that China and the U.S. "need to oppose and reject protectionism...
...pensions and law license. He also agreed to pay Wayne County, Michigan, which includes Detroit, a restitution of nearly $1 million. So far, Kilpatrick has paid about $90,000 of that sum. But despite having a $120,000-a-year job in Dallas with a subsidiary of Compuware, the billion-dollar software company based in Detroit, Kilpatrick now claims he cannot afford to meet the payment terms of his probation agreement. (Never mind his family's rented suburban mansion and flashy cars.) (See the top 10 scandals...