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China now allows most of it major companies to be privatized and traded on public stock exchanges. It is the largest owner of U.S. Treasuries in the world and a major investor in private businesses through its sovereign wealth fund. The Chinese banking system has clearly been developed by the government to encourage the creation of private enterprise. Parts of the financial and commercial structure of China are still owned by the state, but the government's once-famous totalitarian grip on the economy appears to be loosening some each year...
...China National Offshore Oil Corp., China's oil and gas giant, tried to buy Unocal, the American oil company, and learned just how xenophobic Washington could be: the deal was called off after strident objections from congressional leaders. Two years later, Beijing's fledgling sovereign wealth fund China Investment Corp. poured $3 billion into Blackstone in return for a 10% stake in the New York City - based private-equity firm, just before the bottom fell out of U.S. debt and equity markets. That deal was followed by a $5 billion purchase of a 9.9% stake in Morgan Stanley, then...
HEALTH AND HUMAN SERVICES $76.8 billion in discretionary spending, plus $630 billion (over 10 years) in a new reserve fund for health-care reform and expanded health-insurance coverage...
...High deductibles. A 2007 Commonwealth Fund report found that 25% of the underinsured pay annual deductibles of $1,000 or more, a red flag for scant coverage...
...year clock has started ticking, and $21.5 billion from Obama’s stimulus package must be spent on research and development before September 2010. The University, hoping to claim its share of the federal funds, is scrambling to prepare preliminary proposals as it awaits further Congressional guidance. University administrators have asked faculty to submit grant proposals so that once federal agencies give the green light on funding, researchers will be prepared to move ahead with projects. While Harvard researchers anxiously await further guidance from federal grant-giving agencies, central administration officials are working with faculty across the science schools...