Word: could
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...scare the pants off Americans and just about everyone else. Back in the 1980s, Japan was the first of Asia's rising powers, a nation that seemed destined to overtake the U.S. as the dynamic force of the global economy. Experts looked to Japan in search of guidance that could rejuvenate an America that, many thought, had lost...
...Asia. But his options are constrained by the mess built up over two decades of inaction. He's confronting an unsustainable fiscal position and an economy with deteriorating competitiveness. Perhaps America's political leaders should ask Hatoyama for some advice. Don't wait, he might say, or you could turn Japanese...
...Further south, China has surpassed the U.S. as ASEAN's third largest partner in commerce after the E.U. and Japan. The Southeast Asian club has signed trade pacts with Japan, India, South Korea and, most importantly, China, paving the way for a regional economic bloc that could rival the E.U. Note that the U.S. isn't involved. "If we are closer to China now, it is only because the U.S. has neglected us," says Kavi Chongkittavorn, a Thai columnist who writes about foreign affairs. Wirjawan, the head of the Indonesian investment board, jokes that, "If I want to get Americans...
...longer name - the Liberal Democrats - and hopes to exert a more enduring influence on any new administration. Smaller parties will flex their muscles if there's a hung Parliament. This raises the specter of political instability, gridlock and even a second general election within the year. Such an outcome could only exacerbate the economic turbulence that has contributed to the recent roller-coaster ride of the British pound. After a recent poll showed Labour and Conservatives running neck and neck, the pound plunged 2% against the dollar in a few hours. Britain clings to a nostalgic sense of its place...
...could it be possible that "the peaceful continent" and "the most generous donor of development aid in the world" fails to exist on the world stage? Its success in building "an attractive social, economic and political model" is no accident. It rose from a somber period in human history where war and death besieged civilization. It exists because hard and sometimes cantankerous work led to complex compromises. (See pictures: "Behind the Scenes with Obama in Europe...