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...During his opening address to the NPC, Premier Wen said that 2010 was going to be a year of unprecedented economic complexity. He certainly got that right. A real estate downturn, perhaps a severe one, will hit China sooner or later. The problem is that if it arrives sooner, the world's fastest-growing economy doesn't have a whole lot to fall back on. Its export markets are still weak and its capacity to increase infrastructure spending again, after the massive increases of the past two years, is limited. With the rest of the world still trying to regain...
...Intellectual Ferment" and "Joining the World" are hardly the product of much brainstorming and betray the Naisbitts' tone-deafness. Do we really believe that what the Naisbitts call "Chinese country music" will soon become a "moneymaking machine" simply because one peasant group's original composition, Song of Sanitation Workers got some favorable notice in the provincial press? (See pictures of China...
...crackdown is a big change from the Bush Administration's counternarcotics policy in Afghanistan, which never got beyond occasional attempts to raze poppy fields. Once the war in Iraq began, U.S. officials said they lacked the resources to fight both the drug syndicates and the Taliban in Afghanistan. Also, many of the Afghan warlords whom the U.S. relied on to fight the Taliban and al-Qaeda were involved in the drug trade. Now, officials say, the Obama Administration is taking a tough approach to drugs in Afghanistan, sparing no one, not even friends and associates of President Hamid Karzai. "Everyone...
...airline hasn't published its weekly on-time flight ratings since last April. "Like all spoilt children, [Haji-Ioannou] laps up the attention of being Mr. easyJet, but he can't take the criticism, even when in this case it's valid," he said in his message. Then things got truly bizarre. O'Leary reiterated an earlier challenge he'd made to Haji-Ioannou to settle their differences with a race around London's Trafalgar Square or a "Sumo Smackdown." "I believe that 'gutless' Stelios should take up my challenge," O'Leary said. "If he is really worried about...
...wineries on Highway 29, and many of them are beautiful structures, but they really have very little to do with the history of the valley," explains owner Leslie Mansfield, a cookbook author and chef whose husband Richard has been a winemaker for more than 30 years. "We've got a Persepolis and we've got a Tuscan castle," she says referring to other architecturally fancy wineries nearby. "But I think that the most beautiful wineries are the old ones." So the couple, who live in a historic ranch house across the road from the dilapidated Franco-Swiss, has spent...