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...demonstration by hundreds of well-heeled Chinese, mostly young dog owners. Within a month, according to Hong Kong's South China Morning Post, President Hu Jintao had intervened, ordering the Beijing authorities to back off. It was the first time most Beijingers could remember a public protest drawing a direct intervention by China's top leader...
There is more - much more - where that came from. To date, China's economic engagement with the outside world has largely come via exports (it sent $969 billion worth of goods to the rest of the world last year) and by attracting huge amounts of foreign direct investment, mostly from manufacturers taking advantage of its low labor costs. That is now changing rapidly. A month ago, Beijing's State Investment Company bought a $3 billion stake in the Blackstone Group just before the American private-equity giant went public (an investment that is so far more than $300 million underwater...
...date, most of the direct investments Chinese companies have made abroad have been relatively small, aimed principally at gaining access to key supplies of oil, gas and minerals in Africa and elsewhere. Much of this has gone largely unnoticed. Chinese companies, for example, quietly invested a total of $4.2 billion in Russian companies last year. But some, of course, has been decidedly noticed. The country's investments in Sudan, which increased in early July when China National Petroleum Corp. said it would spend an additional $25 million developing an offshore field there, have become a global flashpoint given the carnage...
...Karbala attack came days after the U.S.'s Jan. 11 arrest of five alleged Iranian operatives in Irbil, in northern Iraq. Military officials have theorized that the Karbala attack was orchestrated by Tehran in retaliation. But the U.S.'s initial probe of the incident found no evidence of direct Iranian involvement. Instead, the picture that emerged cast suspicion chiefly on senior Iraqi officials known to the Americans, as well as local thugs and associates of al-Sadr. The report on the investigation, which has been released only to the families of the soldiers who were killed, found that...
...drunk." Every child of the '80s remembers that ubiquitous anti-drunk-driving slogan, though it hasn't had much impact on celebrities like Lindsay Lohan, who was arrested Tuesday for the second time for driving under the influence. Now a new study shows that there's a much more direct and effective way to take drunk drivers off the road: state laws that revoke a driver's license on the spot, rather than waiting until after a possible criminal conviction...