Word: creditability
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Qian Xuesen, who died Oct. 31 at 98, didn't like being called the father of China's guided-missile program: he felt that the title didn't give credit to his fellow researchers. Indeed, while the Chinese-born, U.S.-educated rocket scientist was technically brilliant, he also realized that legions of bright thinkers can do far more than one genius ever could. A co-founder of what became Caltech's Jet Propulsion Laboratory, Qian helped debrief German rocket scientists following World War II, but he was accused of being a Communist spy at the height of the McCarthy...
...Precious' case, having been invisible to the world for most of her life, she would like to be heard, and it is of enormous credit to Gabourey Sidibe - an unknown actress making her screen debut - that we feel an obligation to catch every confusing piece of dialect or distorted sentence out of Precious' mouth. Sidibe speaks in a soft mutter - not always intelligible but warm and highly addictive. The story is set in 1987, in Harlem, and in the movie's first minutes, Precious - having been held back many times before - is in a junior high math class, projecting...
...aviation all my life, I was struck by that. After a close call, the normal reaction is to say, "God, what a machine!" It didn't happen in this case. I know the people at Airbus were very aware of this and were peeved by it. [The lack of credit] did not happen in a void; it happened in a historical context of the advent of fly by wire and ... the larger decline of the airline profession. That's why the airplane was controversial - it represented a threat to the myth that flying requires some kind of heroic intervention...
...Unlike Chang, Pivot Capital appears to accept China's reported growth in 2009 at face value, but says the "burst in economic activity has been inflated by a front-loaded stimulus package and a surge in credit growth," two drivers that will run out of steam in 2010. "The chances of a hard landing are increasing," the report warns. "The coming slowdown in China has the potential to be a similar watershed even for world markets as the reversal of the U.S. subprime and housing boom...
...more prices rise, the more pressure China's central bankers come under to tighten up monetary policy and curtail credit . Some observers in China are already getting nervous. "If the Chinese central bank does not respond quickly to rein in credit growth, unchecked asset bubbles can seriously distort allocation of resources and thereby undermine the country's long-term growth prospects," a Nov. 5 commentary in China Daily warned...