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Dates: during 2000-2009
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...Asia searches for a new growth engine to replace the economically sputtering U.S., and as the U.S. looks increasingly to Asia for consumers to sell to and governments to borrow from, the question hovering over the summit is, Can the leaders of the world's fastest-growing region find a new economic model that works for both East and West? (See pictures of the global financial crisis...
Check out the video—and find out if Colbert has responded—after the jump...
Such efforts will take years to bear fruit, however time the global economy may not be able to afford. Economists agree that China and the United States must alleviate the imbalances that contributed to the current crisis if the world economy is to find renewed, and healthier, growth. China saves too much and spends too little, leading to giant surpluses and hard currency reserves, while the U.S. saves too little and spends too much, creating giant deficits and debt. Unless China can transform its citizens from savers to spenders, the reform of the entire world economic system could suffer...
...high F. Glee’s definitely moving in a good direction, and this episode improves its attempts at fleshing out the characters while attempting a tightrope act of caricaturing without stereotyping. Sometimes it falters, and unfortunately Mercedes still gets the worst of it. (You’ll find her something to “dip in chocolate,” Will? Really? But even in this scene, Finn’s reaction shot shows the creators are aware they may need a net.) Ultimately, it’s an act that is wobbling less after this week...
...easy," Obama said of his foreign policy goals in the region, "nor without setback or struggle." In the meantime, he seemed to be suggesting, it was important to make a public show of unity and a promise of greater engagement to come. Perhaps after that, he can begin to find solutions to the more challenging problems. As Obama concluded his speech, his rhetoric soared even higher. "At this moment of renewal," he said, "in this land of miracles, history tells us it is possible." The audience of dignitaries and diplomats offered their applause...