Word: centralizes
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...Chinese officials seem to recognize that high economic growth almost always leads to higher inflation rates - and that they can live with that as long as people don't revolt. At the end of September, China's central bank predicted consumer price rises would accelerate from an average 4.6% rate this year to 5% in 2008. Higher food costs continue to be a worry. As Chinese grow richer, they are eating more meat, which pushes up demand for grains such as soy and corn, says Jing Ulrich, head of China equities at JP Morgan in Hong Kong. Although Ulrich expects...
...years of experience making military aircraft, thinks it can succeed where others have failed. ACAC sees an opening in the market today for smaller jets. China has recently begun building more regional airports, particularly in western provinces, to allow for more point-to-point flying and ease congestion at central airports. Those routes will likely be serviced by smaller planes, according to Chinese aviation officials. "There's a hole in the market we can fill," says...
...from the legendary women's rights advocate. The ban, she declared from the bench, "and the court's defense of it cannot be understood as anything other than an effort to chip away at a right declared again and again by this Court--and with increasing comprehension of its centrality to women's lives." Someday we'll know whether the right to abortion will be chipped to nothing by the Roberts Court--or whether, as some legal theorists predict, the issue fades away with the arrival of further advances in contraception. As for the actual decision that provoked Ginsburg...
North Korea would be an economic basket case if only it could afford the basket. It was once the industrial engine of the Korean peninsula, but decades of disastrous central planning have left its infrastructure in a state of advanced decrepitude and its citizens in de facto peonage. The U.S. government estimates the North's per capita GDP to be about $1,800, roughly the same as Zimbabwe's. Per capita exports are about $60 a year--less than 1% of South Korea's. Aside from fishing, mining and cement production, the North has only a hodgepodge of functional industries...
...possibility of failure is omnipresent. According to South Korea's central bank, the Bank of Korea, the D.P.R.K.'s economy shrank 1.1% in 2006 after eight years of moderate growth. Under pressure from international sanctions, nearly every sector of the North's lilliputian economy contracted, with new construction plummeting 11.5%. Torrential rains in August, meanwhile, destroyed an estimated 11% of the country's rice and corn crops, again raising the specter of a mass famine like the one that killed as many as a million people in the mid-1990s...