Word: comparison
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...consequences of this suburbanization are enormous. Think of how the U.S. was transformed, economically and socially, in the years after World War II, when GIs returned home and formed families that then fanned out to the suburbs. The comparison is not exact, of course, but it's compelling enough. The effects of China's suburbanization are just beginning to ripple across Chinese society and the global economy. It's easy to understand the persistent strength in commodity prices - steel, copper, lumber, oil - when you realize that in Emerald Riverside construction crews used more than three tons of steel...
...that's where the simple comparison to the U.S. after 1945 breaks down. Journalist turned businessman Jim McGregor, one of the most astute observers of modern China, says that the country is cramming three different eras of U.S. history into one. In U.S. terms, the postwar prosperity that fueled the flight to the suburbs is happening at the same time as the 19th century Industrial Revolution that lured people from the farm to the cities, and also as Progressive Era efforts to rein in the worst abuses of capitalism take shape. I asked Guo if he agreed. He nodded...
...track to surpass the entire state of Nevada in gaming income. That income has soared since the city ended a casino monopoly in 2002, but the gambling boom has not exactly reinvigorated interest in dog racing. Last year, the Canidrome earned just $12 million; the Venetian Macau, by comparison, raked in $418 million in its first quarter since opening last August. Unlike the more serious gamblers who hit the city's baccarat tables, the few hundred spectators at the Canidrome on most nights are mostly tourists from mainland China. "We're not that interested in gambling," says Ms. Fang...
...researchers explained their results with two possible theories: sad, self-focused individuals either indulge in material goods to seek self-enhancement or they feel reduced self-worth and consequently value other things more by comparison...
...food that works beautifully in Barcelona. The nutrition facts on every item in the supermarket (except the new-wave diet juices) were rarely prominent and always limited, and the obesity rate there is an impressive 11% compared to the United States’ 31%. (Boston, for a more apropos comparison, is just shy of 14%.) But the U.S. is a different place. In Barcelona, a walking city par excellence, markets with fresh produce abound; tiny, flavor-loaded tapas replace our leaden meat-filled entrees; and fast food, despite the occasional McDonald’s, Pizza Hut and Kentucky Fried Chicken...