Word: fear
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...overall growth; residential and commercial real estate investment comprised nearly a quarter of that. Toss in the not insignificant fact that it was a huge real estate bust in the U.S. that dumped the world into recession in the first place, and many analysts are now beginning to fear the worst. "China's property market," says independent Shanghai economist Andy Xie, "is a massive bubble." (See TIME's photo-essay "The Making of Modern China...
...Compounding the book's hamfisted nature is its tendency to sound like an apologia for the Chinese government. For instance, the Naisbitts blame "the Western press" for stoking fear about the 2003 SARS epidemic and contend that "Chinese media broke the news of official suppression of information about the SARS outbreak" in Beijing in 2003. In fact, the cover-up was revealed by Jiang Yanyong, a courageous Communist Party doctor whose statement on the subject was first published in TIME. The Naisbitts' claim that Hong Kong people "never really demanded" democracy is also nonsense, given the massive demonstrations that took...
...great hope for Iraq's March 7 national elections was that could they could restore faith in the democratic process, and set a new tone of national purpose in Baghdad's corridors of power. The great fear was that without clear winners and losers, the elections could produce months of bitter infighting, heightening the sectarian and ethnic tensions behind the civil war that broke out after the 2005 election. And 10 days after the polls closed, with partial results tricking in and about 80% of the vote counted, Iraq appears destined for more trouble...
...conducted car searches in much of the capital over the weekend. Last week, Tehran Governor Morteza Tamadon announced that 500 individuals involved in the illicit trade of fireworks had been arrested. "Tradition showcases the beauties of a culture," said Tamadon, adding that "the fire ritual offers nothing but ugliness, fear and worry ... With decisive action, we will try to wipe the problem called Chaharshanbe Suri from the mind of society within the next two years." That is unlikely to happen...
...away, where some 100,000 of them had gathered Sunday evening to demand Abhisit call a new election. As they marched, they were cheered on by workers who migrated to Bangkok from rural areas, and ignored or looked at with disdain by middle-class residents of the capital who fear a repeat of the violence the demonstrators wrought during a similar protest last April...