Word: givees
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...sales may be, most Chinese still can't afford a Volkswagen or a Buick, let alone a BMW. Even as China's consumers feel richer, their share of its economy may not change much until Beijing enacts reforms to the health-care and social-security systems, steps that would give people more confidence to spend rather than save. Last year, says Peking University's Pettis, China's consumption was about the equivalent of France's. No one is calling on France to save the world. (Read "China's Auto Bailout Takes a Different Route...
...together, rather than descend into bitter rivalry. Japan will need special attention; its politics are becoming worryingly sclerotic, and it is beginning to feel overshadowed by China. Tokyo may soon need reassurance that Washington still takes the alliance seriously. But for all the difficulties ahead, the accompanying charts should give a glimmer of hope. The U.S. and the three Asian giants are becoming ever more closely interconnected - and not just economically. We have become familiar with the way in which trade flows between China and the U.S. have grown exponentially. But there are now some 70,000 Chinese students...
Localism matters, as Hénin-Beaumont illustrates. Just three weeks after the European elections, the former mining town, a traditional fiefdom of the French left, bucked the national trend to give the FN a convincing lead in the first round of municipal elections. The party was boosted by the presence on the trail of Marine Le Pen, the 40-year-old daughter of FN leader Jean-Marie and widely tipped as his successor. This thoroughly modern incarnation of the far right supports equal rights for women, is pro-choice on abortion, and talks of creating a "French Islam...
...financing [a portion of covering the cost of the uninsured], and that is simply to lower the deductions, the itemized deductions that wealthy individuals can take. That would have covered it ... The fact that that has not yet been adopted I don't think is reflective of me not giving clarity to Congress. It has to do with the fact that members of Congress are skittish about anything involving taxes, even though these are taxes that would not be imposed on anybody making less than $250,000 a year ... And when you have a system this large, with this many...
This is the everglades that they put in brochures. Summer rains have raised the waters, and lily pads blooming in the searing sun give the sprawling wetlands a Monet mood. But as his airboat glides through the saw grass 30 miles west of Fort Lauderdale, Florida Fish and Wildlife Conservation (FWC) commissioner Ron Bergeron is looking for the worst invasive menace to threaten the River of Grass since sugarcane and the Army Corps of Engineers. "They like to sneak onto islands like this one," says Bergeron, 65, a self-described "glades cracker" who has spent almost as much...