Word: getful
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...niche. He's been working with his sister on plans for a brand he's calling "Fashion for World Peace," though so far, it's just a logo and a promotional video. Watching him develop ideas is a professional business coach sent by the city to help Sun get his new brand off the ground. Berlin isn't rich - in fact it has a massive budget deficit - but it still spends lavishly on culture, including financing three separate opera houses. The city government is trying to encourage local start-ups, especially in the fashion industry. The authorities are thrilled...
...because of a dispute over who should pay for picking up the mounds of trash. "There's a difficult relationship between the city and the club scene," says Michael Matuschek, who worked as a DJ at Tresor during its glory years. But the clubbers can and do get their revenge: Matuschek says several promoters specialize in throwing illicit parties wherever they...
...still unclear whether the candidates will get to see Colbert in the flesh. Jacobson said at 4 p.m. today that the Colbert Report's producers have not yet gotten back to the Khazei campaign...
...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. "I don't see any evidence" that China's economy is rebalancing, MIT's Huang says. "Its always difficult to get consumption to grow in a limited period of time." Greater consumer spending in China could have a big impact as well on the world economy. Cornell's Prasad figures that if China can increase growth of private consumption to 20% a year (much higher than the trend of nominal GDP growth...
With so much on the line, the subject of "rebalancing" will likely get top billing during U.S. President Barack Obama's November visit to China. President Hu Jintao and the rest of China's top leaders clearly agree with Washington that the country's consumers need to spend more. Pressure from Obama to speed that process along by, for example, continued improvements in China's social safety net, might be met with nods of approval. But Obama will only be able to press Beijing so hard. China's policymakers are still wedded to supporting the country's valuable export industries...