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...many doubted it had. A devastating slump in exports crippled growth late last year, but on the back of a $586 billion government stimulus program - about 13% of GDP, spread over two years - China has snapped back. The economy grew 7.9% in the second quarter and will now probably expand 8% or more this year. Evidence of increasing momentum appears almost every day. Factory production has begun to edge up, in part because Chinese consumers continue to spend money at a healthy pace. Auto sales, helped significantly by government subsidies for small-car purchases, hit an all-time record...
...recently signed state budget authorized $1.5 million to expand outreach efforts to educate workers and employers about heat illness in all outdoor industries. Unlike many state agencies, Cal-OSHA did not see its budget cut. (Read a story about California's severe budget cuts...
...sleek as the museum itself. Designed by local architect Dirk Denison, Terzo Piano begins with a presentation kitchen at the entrance showcasing cheese, meats and salads. Further on, a clutch of 11 custom-designed mobile panels helps create individual dining zones that can contract and expand according to crowd levels. Smaller tables, accented by original George Nelson swag-leg chairs, have been rendered from resin and glow from within via abundant natural light. Outside, the designer name-dropping continues unabated via Bertoia chairs and Durat tabletops crafted from recycled plastic. It's all capped by the superlative Italian creations...
...their efforts to expand, going without government bailouts during the depths of the crisis last fall won't have done either bank's prospects any harm. While Barclays and HSBC have both benefited from taxpayer loans or guarantees - part of a $2 trillion package of state and central-bank aid doled out to Britain's lenders - both "have worked hard on their balance sheets," says Simon Maughan, a banking analyst at MF Global brokerage in London. Having tapped Middle East investors last year in an effort to bolster its capital base, Barclays agreed in June to sell the investment unit...
...Moreover, as the U.S. deepens its ties with Pakistan's historical rival, India, foreign policy experts suggest Islamabad may be trying to expand its relationship with Moscow. Since the Soviet days, India has always been Russia's traditional South Asian ally. Now Pakistani defense officials have mooted possible deals for Russian military hardware, moving away from the tacit understandings of a Cold War past. "Russia is trying to find a foothold in the region," says Brahma Chellaney, a strategic affairs analyst at the New Delhi-based Centre for Policy Research. "There's no reason why it shouldn't start selling...