Word: directionality
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...summer will seem unusually long for businesses, people out of work, the Fed and the Treasury, and the tens of millions of Americans who have a direct stake in an economic recovery. The normal slowing of economic activity during the summer season will make any progress seem like walking through water. The seasonal drop in real estate markets could increase the fear that this sector is in worse trouble than it really...
...competitive reasons been compelled to open factories on the mainland, taking advantage of a liberalization of Taipei's restrictions on such investments. More than a million people from Taiwan now live in China in industrial centers near Shanghai in the east and in Guangdong province in the south. Direct transport links greatly enhance efficiency and lower costs of doing business across the strait, which could help a Taiwan economy that has struggled in recent years to find new sources of growth. In addition, a warmer China-Taiwan relationship alleviates a thorny diplomatic and security problem for the U.S. Its historic...
...Indeed, direct links appear to be boosting profits. Eric Kuei, general manager of Fruit Taiwan Corp., says the time to transport his pineapples and other produce to Shanghai from Taiwan has been cut from seven days to three, which means more time on Chinese store shelves and a 20% increase in profits. "After Ma got elected, everything's more convenient for businessmen," says Kuei. In a recent survey conducted by Taiwan's CommonWealth magazine, 60% of the CEOs questioned said that liberalized cross-strait relations were improving Taiwan's economic competitiveness. This positive outlook has helped fuel a 40% surge...
...hint as to how effective the U.N. might be, talk to the Russians. Moscow is "concerned" - not outraged - by today's test. Don't expect much, in other words, from the Security Council, even if the test is determined to be as direct a violation as possible of U.N. Security Council Resolution 1718, which calls on Pyongyang to abandon its nuclear program. The Chinese, like Obama, desperately want the North Koreans to return to the negotiating table in Beijing, where the so-called six-party talks were held during the Bush years. But Beijing may be coming to the reluctant...
...Bush eventually overhauled his approach to the North entirely, and even after the launch of the long-range missile early last month, the Obama Administration was still dangling the possibility of eventual direct talks with the North - if Kim would first return to the multilateral six-party format in Beijing. On Korea, Obama heads the most openly dovish Administration in Washington since Jimmy Carter's. Yet the North's rhetoric since he was inaugurated has been vitriolic. It says it believes the U.S.'s "hostile policy toward the DPRK remains unchanged." (Read "North Korea Launch Poses Problem for Obama...