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...riding on whether Beijing's technocrats can manage a soft landing. China's investment boom is being driven in part by rampant borrowing, which the central government has tried to curtail by requiring banks to put more of their funds on reserve, thus taking money for loans out of circulation. The strategy seems to be having little impact, partly because China's banks have close ties to local governments, which often have stakes in local companies and property developments-a strong incentive to ignore Beijing and keep lending. "Irrational investments in redundant low-level construction projects ... have not been controlled...
...blessed the Bharatiya Janata Party (BJP), which rules India through a coalition. If the party that once harnessed revolution now symbolizes an old India of family, inefficiency and stagnation, so what was once a fringe party fascinated by fascism and Hindu legend is coming to represent a new India driven by an emphasis on technology and the dreams of millions of aspiring capitalists. In part, of course, the BJP simply got lucky, assuming power in 1998, just as the nation's IT industry began to blossom. And today's thundering economy?which grew by 10.4% in the last quarter...
While millions of text-driven blogs have blossomed worldwide, there are only a couple hundred video blogs out there. To sample some, check out Japanese slacker vlog avoidinglife.com music-video blog sxsw.com/music or the Drudge Report--like compendium of diary vlogs vidblogs.com Hollywood celebrities are also plunging in: Adam Sandler's personal site offers regular video messages from the comic...
...influential pastor Rick Warren, author of the best-selling The Purpose-Driven Life [March 29], may be filling formerly half-empty pews, but I am concerned about one of his five "guiding purposes"--that a person must "act as God's missionary in the world." That purpose absolves people of meeting the needs of their families and church congregations. Instead, they focus on saving the faraway poor and oppressed. Ministering to strangers is often easier and more exciting than helping those we know personally, but many people, especially the elderly, are denied the nurturing love they desperately need because charity...
...their injuries, it is inherently difficult for juries to determine culpability based on the testimony of opposing expert witnesses—and even harder to place a monetary value on such intangibles as physical and emotional distress. Though the number of successful malpractice suits has stayed relatively stable, emotionally-driven jury awards have skyrocketed—the Insurance Information Institute reports the average award increased 43 percent between 1999 and 2001 alone...