Word: china
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Dates: during 2000-2009
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Maskmakers are worried too, especially since ramping up production in the midst of a pandemic won't be easy. Most maskmaking operations have moved outside the U.S., and 90% of masks sold in the U.S. now come from Mexico or China. But if the U.S. suddenly put in orders for millions of masks, Mexico and China would be unlikely to export their supplies before making sure their own populations were fully protected. "HHS knows the problem exists and yet they won't tell the health-care industry," says Mike Bowen of Texas-based Prestige Ameritech, the largest...
...pressure to do more, saying it wanted to evaluate existing plans before adding new ones. But it isn't just officials in Berlin who might spend time in Halle seeing what an injection of money can and can't do to a local economy. Governments from the U.S. to China - anyone who believes that opening the fiscal spigot can stave off disaster, and especially those who think that public spending can polish up rustbelt cities like Detroit or Harbin - would be advised to take some east German lessons. (See pictures of Detroit's decline...
...Since new oilfields and copper mines take years to get into full production, lower investment today causes tighter supply down the road. At the same time, there is every reason to believe that emerging markets such as China and India will continue to be ever more voracious consumers of iron ore, oil and food as their economies get bigger and their citizens richer. Palm-oil prices, for example, have been rising of late partly because demand from India, with its population of 1 billion, is holding up. In March, China imported a record amount of iron ore and coal, while...
...Forever 21 hopes the new store is just the beginning. The chain now has 460 stores in 13 countries, after launching last year in Thailand, South Korea and China. Lawrence Meyer, Forever 21's executive vice president, says the firm plans to open more than 100 stores in Japan. The recession isn't a deterrent. "Woman always wants to shop," says Wedda Uyeda, an adviser to Forever 21 on the Japanese market. "You want to have the fun of shopping, like in a candy store. I don't think that any of the Japanese companies really realize that." (See pictures...
...Indeed, as a new space race heats up - with China and India joining the U.S., Europe and Russia in the quest to be the first to build a moon base or put a man on Mars - Russia's government has done more than just revamp its space museum. In 2007, it founded Rosnanotekh, the Russian Nanotechnology Corporation; last year, the government announced tentative plans to abandon its current space base in Kazakhstan and build a new one in the Russian far east; and in March, it launched an effort to design a new moon rocket. (See pictures of animals...