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...dollar-denominated assets, including $895 billion in U.S. Treasury debt. He warned the U.S. not to depreciate its currency to boost trade, as it would hurt the value of Chinese-held assets. The U.S. depends on China's Treasury purchases to fund its budget deficit, which is forecast to exceed $1.5 trillion this year. Still, U.S. lawmakers are unlikely to give much credence to Wen's statement that he doesn't understand how a country could devalue its currency to boost trade. It is, after all, China's own policy...
...within feet of fighters viciously attacking each other, and pay-per-view is always available if you cannot make the trip. While this may not be all that popular in your social circle, Ultimate Fighting has been known to gather audiences of over 21000 spectators, crowds whose sizes would exceed capacity of Madison Square Garden. In terms of its scope through television viewership, Ultimate Fighting, run professionally by Ultimate Fighting Championships programming, had the highest ratings for males aged 18-34 on its cable network affiliate. Although the current owners of this mixed martial arts league bought the company...
...nature of sport that records don't last forever. Hundreds of middle-distance runners can now do the mile in less than 4 min. It won't be long before other batsmen reach and exceed the 200-run mark; there are at least a half-dozen in the modern game who have both the power and stamina to pull it off any day of the week. But history will never forget the Bannisters and Tendulkars for proving that the only barriers are in our minds...
...Congress and other policymakers to take swift action, principally through a cap-and-trade bill, which would limit the amount of carbon industry can produce and allow manufacturers to buy and swap credits, so that those who come in under the limit can sell polluting permits to those who exceed it. It's speculative capitalism with a bright green tint. For the idea to work, the private-investment community needs TLC from government policy: transparency, longevity and certainty. "That's what investors are looking for," says Kevin Parker, global head of Deutsche Bank's asset-management division. "But they...
Nobody would accuse Rick Garson of thinking small. The Las Vegas-based music producer is planning a benefit concert in Beijing on April 17 that will rival - and possibly exceed - such celebrity-spangled extravaganzas as Live Aid and Live 8. The ebullient Garson is well aware that China has what might politely be described as a mixed record when it comes to public performances by foreign artists; 2009 alone featured a trail of government last-minute cancellations. Notable among them was the nixing of Oasis concerts in Beijing, Shanghai and Hong Kong, reportedly because of one band member's attendance...