Word: china
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...Mexico, the partner is the billionaire Carlos Slim and his Sears Mexico group. Under a deal signed last year, Benetton aims to open 250 new standalone outlets and boutiques in Sears stores in Mexico. Alessandro is also targeting other Latin American countries as well as Turkey, Russia and China as significant future sources of growth. Conspicuously missing on this list is the U.S.; Benetton recently moved its U.S. headquarters from New York City to Miami, to be closer to the Latin American markets it's targeting. (Read "India: Hey, Big Spenders...
...China's Future David Shambaugh paints a rosy picture as the People's Republic of China turns 60 [Sept. 28]. Let's not forget that China is a communist dictatorship with a one-party system (hence no meaningful opposition), a rubber-stamp congress and a judiciary under the control of the Party. Human rights are routinely trampled on, even though they are written into the constitution; dissidents are jailed for long periods of time. The Chinese government did not hesitate to send tanks against its own people in 1989, and we have seen what the government can do against...
...picture accompanying your article is titled Hero worship. It shows photographs of Mao Zedong and Zhou Enlai, the founding leaders of the People's Republic of China, flanking a shelf on which sits a model of the Teletubby Po. How's that for a true case of East meets West? Cathryn Hindle, Horsham, England
...crisis. During the Green Revolution in India, for example, crop yields routinely grew at 4% to 6% a year; by the late 1980s, the annual increase had fallen to 2% or less. At the same time, demand for food increased. As consumers in high-growth giants such as China and India became wealthier, they began eating more meat, so grain once used for human consumption got diverted to beef up livestock. Making matters worse, land and resources also got reallocated to produce biofuels. Once voluminous reserves of grain evaporated; this year, they are at the lowest levels since...
...Watch TIME's video "Saving China's Grasslands...