Word: clearly
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...reason for their angst is clear enough: throughout 2009, the most severe global downturn in decades, China's economic growth remained intact. This year, China's GDP will likely rise 9% or more, in contrast to a merely subpar recovery in the U.S. and Europe. For thousands of companies across the globe, anything that threatens China's buoyancy threatens their own bottom lines. (Witness the sell-off in the S&P 500 on Feb. 12, when Beijing's central bank raised by a tick the so-called reserve ratio requirement for its banks.) And nothing, not even massive government infrastructure...
...Since the start of the year, it has become clear that such concerns are shared by the central government in Beijing, which is seeking to tighten credit growth generally, and property loans in particular. The latest budget report from the Ministry of Finance, released to coincide with the opening of the National People's Congress in Beijing on March 5, draws attention to debt levels being incurred by local governments forging headlong into massive infrastructural and development projects. Even as it was being distributed, Premier Wen Jiabao was telling NPC delegates that the authorities would slow both lending...
...change, and is also pushing for lower taxes and a new simplified tax system. The opposition Social Democrats branded him a "sociopolitical arsonist" while the Greens warned that the welfare state would be pared back to a "social ice age." Merkel was not amused, either. "I've made it clear that what Guido Westerwelle said is not my choice of words. That's not my style," she told the CDU party faithful. (Read: "Guido Westerwelle, Germany's Mittelman...
Merkel has mostly tried to steer clear of confrontation by adopting a presidential style of leadership. To stop the infighting over health care she appointed a government commission to look into the matter. But her approval ratings are slipping. A poll by the TNS Emnid Institute on Feb. 17 found 51% of Germans were satisfied with her work, down from 61% the month before. With the new government "arguing more than the old coalition government," says Manfred Güllner, head of the Forsa Polling Institute, "Angela Merkel has to be careful that she doesn't lose her voters...
...that he shouldn't be allowed to work with children, he should give up alcohol, (because he allegedly committed the acts of abuse when he was drunk), and that he needed a mentor, someone who could supervise him at all times. The doctor said he made these requirements clear to church officials during a number of conversations, including an auxiliary bishop in the archdiocese of Munich and Freising. "Father H. never fulfilled these conditions," says Huth who treated him in group therapy sessions from 1980 to 1992. Amid the group therapy, Father H. was convicted of sexually abusing minors...