Word: economicâ
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...Military Officers often complain privately that the American people don't fully appreciate the costs?human or economic???of the Iraq war. A new paper by Harvard budget expert Linda Bilmes and Nobel-prizewinning Columbia economist Joseph Stiglitz may help address that. It claims that the final cost to the U.S. could be $2 trillion?10 times as high as the worst-case scenario of $200 billion suggested by a White House official before...
China's ascent as an economic??powerhouse is no secret. It has been stoked by nearly $500 billion of foreign investment in the past decade. In 2003 alone, $53 billion flowed in--the first time China eclipsed the U.S. as the No. 1 recipient of foreign investment. But all that cash isn't drifting in on global trade winds. Matching a capital-starved Shanghai manufacturer with a New York City financier requires an expert middleman, someone with Chinese-market savvy and an ability to bridge cultural divides. Here TIME profiles an élite group we have dubbed China's Rainmakers...
...More than 69 times larger than the Kingdom of Italy, the Union of Socialist Soviet Republics wields the might of the largest standing army on earth (725,000 men?U. S. Army 136,217). To grasp even a fraction of Stalin's purpose and achievements?which today are mainly economic???one must grapple with no easy map. Like stars in the firmament, like grains of caviar spread by a lavish Russian on his pancakes, are the elements of Stalin's Five-Year Plan...
...Significance. Arthur Train has never done better. His gift lies not in narration, though his style is eminently readable. His plots are usually negligible. But he is past master of the art of dramatizing the problems?social, legal, economic???of tangled modern life. His characters are in many cases vividly drawn, but in the main they are subordinate to the examination of the intricacies of the social structure. Peculiarly in a position to know the very rich and the very poor, together with the legal mechanism of their interrelationships, he has the knack of dragging dull facts...
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