Word: headings
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...chill wind is blowing through Mitte, the once drab district in central Berlin that is fast becoming hangout central for the world's creative types. Davide Grazioli, used to warmer climes, pulls his black woolly hat over his head and strides up Kastanien Allee - now dubbed Casting Alley because of all the wannabe film directors and actors who frequent its cafés. Grazioli is an Italian artist whose work includes unraveled embroideries from India and skulls made of organic incense. Three years ago, he moved to Berlin from Milan with his wife and young daughter, and though his German...
...regional total in 2008, down from nearly 40% in 1998. Over the same period, intraregional exports as a share of total exports in emerging Asia rose to 54% from 46%. "Intra-Asian trade flows are the fastest growing in the world," says Lawrence Webb, global head of trade and supply chain at HSBC. This trend has accelerated since the financial crisis. HSBC predicts that trade among Asian countries will grow at an annual average rate of 12.2% until 2020. The region's trade with the U.S. is projected to grow 7.3% annually over the same period...
...previous paragraph made your head hurt, don't be discouraged. Nobody fully understands global monetary arrangements; the best that experts in the field seem to be able to do is worry vaguely. So what are the rest of us to do other than worry vaguely? Think twice about traveling to Europe, maybe, because it's really expensive. Hope a somewhat weaker dollar will help revive this country's beaten-down manufacturing sector - as seems to be happening - but also hope a dollar slide doesn't turn into a collapse. And put at least some of your money into investments (foreign...
...greater percentage of that new wealth. Cornell University economist Eswar Prasad figures that China's average urban household saving rate reached 28% of disposable income in 2008 - 11 percentage points higher than in 1995. As a result, the role consumer spending plays in China's economy continues to head in the wrong direction. Private consumption accounted for a mere 35% of GDP in 2008, down from 46% in 2000. China's ratio stands at about half that in the United States, and even trails the level in comparable emerging markets, such as India, where the share is 57%. What those...
...seventh. After the referee stopped the fight in the 55th second of the 12th and final round, Pacquiao became the new welterweight champion of boxing by TKO. He had knocked down Cotto in the third and fourth rounds, even as the Puerto Rican had traded tough blows to the head and body with Pacquiao throughout the early going. By the end of the sixth round, however, after Pacquiao's punches came at him from unexpected places, Cotto saw his power diminish. His defenses came down and his face became the recipient of so many blows that his handsome...