Word: fasts
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...there's a question mark over the U.S., the panel's predictions for Europe and Asia are less fraught than they were a year ago. China continues to grow fast: last year its economy expanded a breathtaking 9.5%. The country is still sucking in huge amounts of natural resources to fuel its manufacturing boom. That in turn is a significant factor in the rising prices for oil, steel and other commodities, which is good news for producers, but--especially in the case of oil--is raising fears of a worldwide resurgence of inflation. China also has a fragile banking system...
...over the world, new bonds of trade and strategic cooperation are being forged around the U.S. China has not only begun to displace the U.S. as the dominant player in the Asia Pacific Economic Cooperation organization (APEC), it is fast emerging as the major trading partner to some of Latin America's largest economies. The European decision to lift its arms embargo may reflect an awareness of the strategic significance of Beijing's emergence as an economic power - a dynamic that will dwarf the U.S. war with al-Qaeda in terms of its impact on the global strategic balance...
...immediacy and energy." Raw is the operative word. For a portrait of performance artist Zhang Huan, photographer Rong Rong required Zhang to stand in a dirty toilet block for an hour, smeared with honey and covered with flies. "The art is so dynamic because in China everything moves so fast," says Wu, "and art captures this sense of social transformation." Can't make the Seattle showing? "Between Past and Future" travels to London's Victoria and Albert Museum in September...
...long ago was the oldest, biggest and baddest telecom firm on the planet, was about to be swallowed up by upstart regional player SBC?providing a sobering reminder that in the information age, no institution is too big to fail if it squanders its competitive edge. "Technology is advancing fast," says Shuichi Deguchi, senior manager of NTT's broadband-Internet promotion department. "A complete transformation is required to make sure we stay ahead...
...This raid on NTT's war chest could not come at a more critical time. Only about 40% of Japanese households currently have high-speed Internet access, meaning an all-out battle is being fought for the fast-growing market. Leading the charge has been Softbank, which initiated a broadband ADSL service in 2001 under the Yahoo! BB logo at rates that far undercut anything then on the market. In December that same year, it added VOIP (voice over Internet protocol)?telephony delivered over the Internet?at deep discounts to NTT's fixed-line phone fees. And in July...