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China is now moving so fast economically that, strange as it sounds, some of the events in the book already seem a bit dated. China's joining the WTO has injected some order into foreign investment, and more foreign companies are setting up wholly owned subsidiaries instead of headache- inducing joint ventures. No matter. For anyone interested in the new China--and that's a rapidly expanding universe in the U.S.--Mr. China is indispensable...
That's great news for tourists as well as locals. In the prewar years, Dubrovnik was known to the European cognoscenti as a low-cost alternative to the ritzy Riviera. Now its charms are fast becoming an open secret. Flights arrive almost daily from Madrid, Paris, Rome and Vienna, together with budget services from Bratislava, London Gatwick and Dublin. In all, more than 320,000 foreigners holidayed in Dubrovnik (pop. 37,000) last year, up from 250,000 in 2002. "Dubrovnik is a jewel," says Ed Serotta, a Vienna-based historian and frequent visitor. He recommends a stroll...
...often they don't. Enter life-cycle funds. Investors pick a fund based on the year they plan to retire and let a professional manager do the rest, gradually swapping investments as the years go by. Michael Porter, senior research analyst at investment tracker Lipper Inc., calls it "fast-food investing...
...recent troubles can be traced back to a pair of reforms that were made in the 1990s and hailed at the time as great innovations. Responding to complaints from AIDS activists and the pharmaceutical industry that drug approval was taking too long, the agency in 1992 announced a "fast track" for vital medications to treat life-threatening diseases. Although they would not be subjected to lengthy safety trials, fast-tracked drugs were supposed to be carefully monitored by their manufacturers after release to the public for any unexpected side effects. It was a compromise that made sense because problems...
...Buddha brought consolation to many people as he traveled around North India in the 6th century B.C. This was a time when the old tribal societies were cracking up, a new urban civilization was emerging, along with fast-expanding human desires, and rulers dreaming of empire were waging destructive wars. The Buddha was one of the many new agnostic thinkers in North India who responded to the suffering of people uprooted from their tradition-bound worlds. But he didn't diagnose this suffering in sociological abstractions, as a consequence of social and economic injustice, widening racial or class gaps...