Word: booming
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...mark over the U.S., the panel's predictions for Europe and Asia are less fraught than they were a year ago. China continues to grow fast: last year its economy expanded a breathtaking 9.5%. The country is still sucking in huge amounts of natural resources to fuel its manufacturing boom. That in turn is a significant factor in the rising prices for oil, steel and other commodities, which is good news for producers, but--especially in the case of oil--is raising fears of a worldwide resurgence of inflation. China also has a fragile banking system that is hampered...
...American consumers at highly competitive prices, fueling the U.S. trade deficit. But overall, the growth of China as a market is still seen as beneficial for the Asian economy, which needs all the help it can get following December's devastating tsunami. Thanks in part to the Chinese boom, Japan, which was stagnant for much of the 1990s, is growing again. China last year overtook the U.S. to become Japan's biggest trading partner. China accounted for 20.1% of Japan's total trade, compared with 18.6% for the U.S. The panelists expect Asian cross-fertilization to continue; indeed, Sachs said...
...folks flocking to satellite radio at a rate of 347,000 subscribers a month, according to a new report by JPMorgan. The two service providers, Sirius and XM, have mainly courted car-radio listeners. Now the satellite guys are hooking up with tech firms to target home users with boom boxes, stereo tuners and handheld gadgets (aimed at iPod users). Is the gear ready for prime time? --By Daren Fonda...
XACT PORTABLE BOOM BOX XS027...
...support if Zapatero opted to become "the Spanish Tony Blair," a reference to the British PM's efforts to secure a Northern Ireland peace deal. Zapatero said he was willing to listen to Batasuna, but only once "the noise of guns and bombs comes to an end." And then boom - first in Gexto near Bilbao on Jan. 18, then in a hotel near Alicante on Jan. 30, then last week. "It looks as if ETA is impeding Batasuna's political moves," says Patxi Zabaleta, leader of Basque nationalist group Aralar and a former defense lawyer for ETA prisoners. But Batasuna...