Word: driven
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...This wealth-driven inflation has hit liquid assets as well. At the London International Vintners Exchange, an online marketplace for fine wines, managing director James Miles has watched prices for the top Bordeaux double over the past two years, driven in part by wealthy foreigners. "These guys all aspire for the rich man's toys, which doesn't just mean having boats and fast cars, but also having a great cellar," he says. A 12-bottle case of 2000 Chateau Lafite Rothschild that sold for $8,800 in 2005 cost $20,000 last year, while a case of Chateau Petrus...
...China's imbalances are likely to get worse. This is largely because the country's spectacular economic boom is driven by a self-sustaining flywheel of rapid productivity gains and increasing profits, which generates excess capital that is in turn invested in more manufacturing capacity. This is why the country's trade surplus with the rest of the world has been rising at an alarming pace, growing nearly 50% to a record $262 billion last year (although the trade gap narrowed in the final three months of 2007). Because many Chinese companies are awash with cash, traditional policies aimed...
...impression that the Israeli security fence is somehow responsible for the tensions between Bethlehem's Christians and Muslims and the emigration of Hamad's Christian friends. Unmentioned was the unremitting pressure from Islamic extremists to purge the city of its Christian residents. Christians have been murdered in Bethlehem, families driven into exile and the Church of the Nativity used as a fortress by Islamic gangs. And all Hamad could bring himself to mention are the wall and checkpoints. Daniel Polish, Poughkeepsie...
...which was tolerated so long as it didn't interfere with the Confucian duty to raise a family. Although an imperial decree was issued (likely under the influence of Christian missionaries) banning homosexuality in 1740, it was not until the advent of the communists that gays and lesbians were driven underground. The communist government once viewed gays as disruptive to social order and strictly enforced laws against homosexuality, imprisoning and even executing those convicted. But as China's economy opened to the world, the authorities' stance softened. A law banning sodomy was dropped in 1997, and in 2001 homosexuality...
...several provinces and reimposing its rules. In little over a year, 130 schools have been burned, 105 students and teachers killed and 307 schools closed down because of security concerns. Many of those schools were for girls, and most of them were in the southern provinces, where a Taliban-driven insurgency has made it nearly impossible to secure the schools. But the violence is creeping closer to the capital. In June 2007, two gunmen on a motorcycle shot dead three female students coming out of high school in the central province of Logar, a 1 1?2-hour drive from...