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...begin closing this development gap by investing heavily in highways, airports and other infrastructure across the western region. This has helped to kick-start growth. So has geography: Xi'an's lack of exposure to crashing global markets means it has barely been singed by the crisis. In fact, the city has benefited. It's received $230 million of Beijing's $585 billion stimulus package, which helped accelerate the construction of a new subway system, highways and other projects. A similar scenario has been playing out in other western China cities like Chengdu and Chongqing. BofA Merrill Lynch Global Research...
...That fact was obvious one recent Wednesday morning at a Wuling minivan dealership in Xi'an. Customers streamed into the showroom, briefly opened and closed the doors of the displayed minivans, and then marched over to the front desk to plop down their money, often within mere minutes of arriving. Xu Zhanrong, the dealership's deputy general manager, can barely keep the Wulings in stock. Sales of the minivans - manufactured by a joint venture between General Motors, Liuzhou Wuling Motors and Shanghai Automotive Industry - are up some 40% this year, Xu says, with about 50 purchased each...
...fact that the movie was originally slated for release last autumn and bounced around this fall's schedule before landing in Thanksgiving week suggests that the questions stumped the marketing professionals as well. But if Hillcoat--best known for his Australian outlaw tale The Proposition--and screenwriter Joe Penhall felt any pressure to temper the novel's agonies, they shrugged it off. Their Road is respectful of McCarthy's glumness, and they have made no effort to soften the despair...
What Burke appears not to grasp is that the First Amendment forbids the making of civil law on the basis of a religious belief. The point at which life begins is a matter of religious dogma, not scientific fact. The beautiful thing about this country is that you can live by what you believe; you just can't make others live by your beliefs. Fortunately, many devout Roman Catholic lawmakers, like Kennedy and John Kerry, have understood this...
...rise should be seen as a sign of American decline. Chinese officials expressed concern about a weak dollar but committed to working with the U.S. to stabilize the global system. Hardly anything concrete was accomplished, but the trip cemented the centrality of the U.S.-China economic relationship and the fact that the two economies are, for now, intertwined. (See pictures of Obama's trip to Asia...