Word: importance
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...government. Add in higher raw-materials prices, and manufacturers are facing increases in production costs they may no longer be able to absorb. The costs will be passed along to consumers worldwide, a situation that will be made worse by a strengthening Chinese currency. "Internationally, the price of imports from China will come up," says Chen Xingdong, chief China economist for BNP Paribas Securities. "The increase will be inevitable." There's evidence it's already happening. In May, the price of Chinese products imported by the U.S. registered a 0.1% year-on-year increase, the first such gain since...
Shakespearian theatre this may be, but the political maneuverings of the capital Islamabad have import far beyond the Dunsinane-like nation of Pakistan. The U.S., which calls Musharraf its most important ally in the war on terror, has been quietly but forcefully pushing for a power sharing deal between the two politicians. Although Musharraf stood a good chance of winning the presidency without the PPP - his Pakistan Muslim League (Q) party has a slim majority in parliament - the tacit acquiescence of Bhutto's party lends the elections, and Musharraf's certain presidency, the democratic credentials necessary to garner continued international...
These days, China and the other countries participating in what some have called Bretton Woods II export so much more to the U.S. than they import, they find themselves with hundreds of billions of dollars that they don't know what to do with. Up to now they've been content to recycle most of them by buying Treasury bills and other U.S. securities. The U.S. has enjoyed the low interest rates that have resulted, while China, the gulf states and Japan haven't wanted to face the consequence that by selling dollars, they would decrease the value of their...
...Prison Break.” French pop culture is, by and large, American.Which is a tough phenomenon to explain: Why isn’t French music big in France? Unfortunately, the cliché stereotypes don’t apply. It’s not like the French import foreign pop because they’re lazy. They give as good as they get, even if bands like Phoenix and Air aren’t as popular in their home country as they are overseas. And it’s not as if Parisians are just too impolite, too hostile...
...even if Budvar does go up for grabs, says CEO Jiri Bocek, Anheuser-Busch would not be given preferential treatment over any other bidder. In January, the rivals announced a deal under which Anheuser-Busch would import and distribute Budvar's Czechvar beer in the United States. Rumors immediately swirled that the American brewer was trying to get ahead of potential bidders in a future privatization. But Bocek rejects those claims. He says that when Anheuser-Busch CEO August Busch IV made him the surprise distribution-deal offer in a meeting in Prague, they agreed, he says, "that the only...