Word: foreign
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...saved too little while consuming too much, China saved too much and consumed too little. The result was a lopsided international trade scorecard. China ran huge current account surpluses - peaking at 10% of GDP in the first half of 2008 - and as a result accumulated a massive load of foreign exchange, which it turned around and loaned, mostly to the U.S. government, which enabled Americans to go on borrowing and spending. China, policymakers said, intended to break this unhealthy cycle. (See pictures of the making of modern China...
...record, including my calling on the auto industry to take "bold, serious and visionary" steps on fuel economy and my role in passing 2007's Energy Independence and Security Act, which increased fuel-economy standards 40%. I will continue to fight currency manipulation and unfair trade practices by our foreign competitors, work for affordable health-care coverage and reduce greenhouse-gas emissions 80% by 2050 because I believe those positions are in the best interests of the people of Michigan...
...India as Tibet is for China.) The plant is part of a systematic effort by China to assert its presence on the rim of the subcontinent, where India has long been the acknowledged superpower. In both Pakistan and Sri Lanka, the Chinese are funding new ports. The Chinese Foreign Minister visited Nepal last December to launch construction of a new highway connecting central Nepal to China, and soon after, China announced plans to extend a controversial railway to Tibet as far as the border with Nepal. India is countering: after Beijing agreed to develop a massive copper field in Afghanistan...
...Lankan officials, the DHS contacted the general on Oct. 28 during his trip to the U.S. to visit his daughters, who live in Oklahoma. Fonseka, who holds a U.S. green card permanent-residency certificate, was asked to show up for an interview on Nov. 4. According to Sri Lankan Foreign Minister Rohitha Bogollagama, Fonseka had been told by the DHS official that the objective of the interview was to "use him as a source against Defense Secretary Gottabaya Rajapaksa." Apart from being a co-author of the successful campaign against the Tigers, Gottabaya Rajapaksa is also the brother...
...Foreign Minister Bogollagama said he had made his government's concerns clear to the U.S. Ambassador to Sri Lanka Patricia Butenis. "The U.S. authorities should not exert procedures on [Fonseka]," Bogollagama said. "The interview should not take place." The Sri Lankan government believes that despite Fonseka's status as a green-card holder, the U.S. does not have any jurisdiction over him at this point because he entered the country on a Sri Lankan passport. "General Fonseka is a citizen of Sri Lanka and he holds a diplomatic passport from Sri Lanka," said Bogollagama. The minister said that Fonseka could...