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Yet whether or not they will buy remains an open, and crucial, question. Even though Chinese are becoming wealthier, they are actually saving a greater percentage of that new wealth. Cornell University economist Eswar Prasad figures that China's average urban household saving rate reached 28% of disposable income in...
Best line of the week: “You think this is hard? Try auditioning for Baywatch and being told that they’re going in another direction. That was hard.”
We were also impressed by the episode’s treatment of minorities and outcasts, which, while central to the show, isn’t always handled well. We definitely cringed when Becky was introduced but were glad when the episode ended without a joke at her expense. Meanwhile, we...
"We have come to call each other Barack and Yukio," said Japanese Prime Minister Yukio Hatoyama. "I've grown quite accustomed to calling each other by our names." A moment later, President Barack Obama returned the sentiment. "Both Yukio and I were elected on the promise of change," he said...
Since taking office, Hatoyama has forced two small but notable concessions from the United States. At Hatoyama's direction, Japan will end its refueling program for U.S. warships in the Indian Ocean that support the military effort in Afghanistan, choosing instead to donate $5 billion to humanitarian and training support...