Word: demanding
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...residents like Dieter Grote and his wife worrying about their children coming home in the dark. "My wife has all the good ideas," says Grote, who runs an advertising agency. "I discussed the problem with her and we thought it must be possible to have the lights available on demand." Grote got in touch with the local utility company Lemgo and noodled a solution: How about turning on the village lights with a simple telephone call? A few months later, Lemgo had developed a special modem and software and, together with Grote, launched Dial4Light - billed as the first project...
...There Be Light If someone can make a phone call, they can use Dial4Light for on-demand street-lighting...
...soon surpass Japan's to become the world's second largest. The Shanghai exchange has soared more than 80% this year, by far the best performance among major markets. Nations that depend on producing commodities, such as Australia and Brazil, have benefited immensely over the past six months as demand from China has driven up the price of raw materials. Helped by trade with China, Asia's export-driven economies are sputtering back to life. Overall, the International Monetary Fund (IMF) forecasts that in the three years from 2008 to 2010, China will, astonishingly, account for almost three-quarters...
...Trading Places A few years ago, that question - and the notion that China could drive global growth - would have seemed absurd. After all, China's economy was dependent on manufacturing, which was in turn dependent on demand from the U.S., the world's undisputed economic locomotive. But that engine remains sidetracked. The IMF predicts the U.S. economy will contract 2.6% this year. American home prices continue to fall in some cities, while the unemployment rate has soared to 9.5%, the highest since 1983. The U.S.'s much ballyhooed stimulus plan has so far yielded little measurable benefit, save putting some...
...bank lending this year has wound its way into equities. Why isn't the money going into new businesses? The evidence suggests that in key parts of the economy growth remains anemic, particularly the important export-manufacturing sector, which continues to suffer from the reduction in global demand. According to a report from Fitch Ratings in the U.S., Chinese lending continues to accelerate even though corporate profits overall are shrinking - suggesting that China may be incubating its own financial crisis that could be triggered when the adrenal rush of the stimulus wears off. (Read "Is a China Stock Bubble Forming...