Word: gapping
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...hoped for. Instead, chaos spreads, inevitably leading to new catastrophes in an increasing number of countries. Given the Chinese powder keg, the Bush Administration's preoccupation with Iran seems rather out of proportion. Washington should concentrate on how to defuse the Chinese risks. Sture Gadd Helsinki As the gap between well-to-do city dwellers and impoverished peasants gets wider, the fury of the poor is fast becoming explosive. With access to the mass media and the Internet, village folk are becoming more conscious of pervasive hardship and injustice and are beginning to voice their resentment. The protests have...
...investments,” Bhatnagar wrote. “Harvard’s current system of reviewing investments is ad-hoc and inadequate,” he added. “This explains the fact that while Sinopec and PetroChina met the same criteria, there was a one-year gap in Harvard’s divestment...
...guide investments,” Bhatnagar wrote. “Harvard's current system of reviewing investments is ad-hoc and inadequate,” he added. “This explains the fact that while Sinopec and PetroChina met the same criteria, there was a one-year gap in Harvard's divestment...
...cannot continue indefinitely. The U.S. current-account trade deficit reached $805 billion in 2005. That amounted to 6.4% of GDP, or more than twice the size of the trade deficit in 1985, when the U.S. took the drastic step of devaluing the dollar?and the rate at which the gap is expanding is accelerating. China trade alone accounts for more than one-fourth of the deficit. That's why U.S. Commerce Secretary Carlos Gutierrez has bluntly warned Beijing that something has to give. "China's failure to address economic frictions will have consequences," he said in a speech last week...
...that relationship, though prickly at times, is mutually beneficial. But it's possible to have too much of a good thing. "China is a developing country that saves too much, and the United States is a developed country that spends too much. The result is a big trade gap," says Andy Xie, chief China economist for Morgan Stanley. "Does something have to give? Yes. But it's not clear when that will happen, and in the meantime both economies are performing pretty well...