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...Shock to the Economy Almost 500,000 troops were deployed to help restore transportation links and clean up the devastation, the largest military deployment for a natural disaster since devastating floods almost a decade ago. But the economic damage is already done. The Chinese government estimated storm-related losses at about $3 billion. Economists say this figure is bound to rise. "I'd guess in the end [the crisis] will shave a couple tenths of a percentage point off China's GDP growth this year," says Ben Simpfendorfer, a China economist with the Royal Bank of Scotland in Hong Kong...
Well, maybe: Ypsilanti severely wounded the CDU incumbent, Roland Koch, but she didn't quite surpass his vote tally. And the SPD fared poorly in Lower Saxony, where a clean-cut CDU candidate played to the center and the Left Party gnawed at the SPD's union base. But after 10 years in which German politics - and the SPD - remained largely in the political center, left-wing economic policies are winning votes again, marking a break with a decade of cautious reformism. That sets a new tone for elections in Hamburg and Bavaria later this year, as well...
...jeopardized by South Africa's raging violent crime, were now fading. "Will people come to South Africa to see them if they know they will be going back to hotels and guest houses with no power?" asked Michael Tatalias of the tourism association. "That means no hot meals, no clean laundry, no lights." (The football stadiums, however, will not go dark. The world soccer authority FIFA has required generators be built into each venue...
...college-tuition tax credit. Plus, this special onetime offer: universal day care!" To be sure, the Republicans had their own special interests and slovenly hypocrisies - an avalanche of corporate tax breaks that made Swiss cheese out of the federal code - but they could always return to their big, clean public offer: freedom, strength, morality...
...Government Accountability Office issued a report last week that says the Iran sanctions aren't working - at least when it comes to gas and oil. Since 2003 Iran has signed $20 billion worth of energy deals with foreign companies. And sanctions apparently aren't convincing Iran to come clean on its nuclear program either. Iranian President Ahmadinejad scoffed at this week's threat of new U.N. sanctions. "The Iranian nation has chosen its path and will continue with...