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...fact, in many ways, it is the exception (albeit a big one). Asia's other giant outperformer - India - is a quite fractious democracy. Only one significant economy - Vietnam - is following China's lead. Just about everywhere else, policymakers are rejecting the China model. The severity of the financial crisis hasn't caused political leaders to look to China's success and roll back democracy or copy China's state capitalism. In fact, they are heading in just the opposite direction. The Presidents of South Korea and Taiwan believe deregulation is crucial for the future of their economies. In Japan, newly...
...Though Elmendorf, 47, hasn't always told lawmakers what they wanted to hear in his year on the job, he has won wide praise for his independence. A native of upstate New York, he taught at Harvard before joining the CBO as an analyst in 1993. Since then, he has done stints at the Federal Reserve, the Council of Economic Advisers and the Treasury Department. "I have enormous respect for him," says Senate Budget Committee chairman Kent Conrad. "He plays it straight, and he's enormously serious about getting it right...
...photographic memory is legendary. He is a voracious reader of history, spy novels and pulp fiction. He's subscribed to the Book-of-the-Month Club for 50 years. And he is careful, meticulously so. One decades-long colleague told me Gates will cancel a briefing if he hasn't done his homework. "Preparation for him is a cathartic experience," says his spokesman Morrell. He vents brutal answers to imaginary questions so he can be more diplomatic on the Hill. He's vigilant about the stagecraft of statecraft, even taking his own messy handwritten notes to meetings so his preparation...
...reason is that there is surprisingly little interaction between domestic and import customers. Import buyers tend to be younger, more affluent and better educated than their domestic counterparts, and shop at different dealerships. They shop for quality and value. Despite Ford's recent rise, its image hasn't yet caught up with its performance...
...military is crafting a witch's brew of stealth, manipulation and falsehoods designed to lure the enemy into believing he is in charge of his forces when in fact they have been secretly enlisted as allies of the U.S. military. And some in Washington fear that there hasn't been sufficient debate over the proper role of U.S. cyberweapons that are now being secretly developed. (See the Top 10 Most Expensive Military Planes...