Word: exitement
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Last month, Google threatened to exit China after discovering that some of its users’ accounts had been hacked by the Chinese government. Google’s declaration was quite weighty, considering China’s large economy and potentially huge market for the company. Most importantly, it brought to light the epic battle for cyber-security between one of the world’s largest technological companies and one of the world’s most secretive regimes. After deciding to remain in China but stay wary of censorship and human rights abuses, Google has called upon...
...neither China nor the U.S. wants to be dependent on the other. China's rhetoric of late is proof, and you could easily demonstrate the same attitude coming from Americans. But each country has tied its economy to the other, and buyer's remorse notwithstanding, there is no immediate exit from this relationship. It remains a source of stability and prosperity for both countries. Two decades ago, China cast its lot with the United States, and until recently, that has brought it affluence. Now that things have gotten difficult, the Chinese want out. But when the heady intoxication of these...
...that threshold before the financial crisis began and then went well above it after the crash. E.U. countries collectively spent $1.5 billion to save their vulnerable banking sectors and a further $200 billion in stimulus funding to revive their economies. Although the latter helped the 16-nation euro zone exit the recession in the middle of 2009, it also lifted already lofty deficit levels even higher - and brought Greece and Spain perilously close to default. Late last year, the European Commission put a handful of other nations on alert out of similar fears, including France and Ireland...
...draw down U.S. troops in July 2011. Thursday's communiqué avoids most such specifics. Britain's Secretary of State for Defense Bob Ainsworth told TIME he expects "late this year or early next to be able to transition some provinces" to Afghan control. "We're not on an exit strategy," he added. "We're going to put this country in a good place...
...world (translation: no sanctuary for al-Qaeda), he and those around him insist that there can be talks only when Western armies agree to leave Afghanistan. And, of course, the Taliban leaders believe they have the wind at their backs, while the U.S. is reaching for an exit strategy. U.S. officials insist the insurgents won't be interested in compromise as long as they believe they can win on the battlefield...