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...away from Li Ning's origins, highlighting apparel for popular sports in China like badminton, table tennis and kung fu - games you won't find front and center at nearby Niketown. Li Ning consciously decided not to shed its Chinese identity as it expands overseas, hoping instead to ride the growing influence of Chinese culture. Jay Li, the general manager of Li Ning USA, predicts that as Chinese soft power expands, China's tastes "will become part of the fabric of mainstream culture." Says Li: "When the tide starts to turn, we want to be one of the brands...
...similar scale, "you're never going to get a fund big enough to cover all that," says Simon Maughan, a banking analyst at MF Global in London. "The taxpayer is always going to be the backstop. So why not improve the situation today by paying down the fiscal deficit instead of pretending you have an insurance fund...
...Convincing every major economy of the virtues of a bank tax, though, remains the biggest challenge. Canadian Finance Minister Jim Flaherty, for instance, rejected a bank tax out of hand earlier this month, favoring instead a wider implementation of some of the tough rules that left his country's banks relatively unscathed by the crisis. But the publication next month of the International Monetary Fund's recommendations on bank taxes - a report commissioned by the G-20 countries last year - might help coax reluctant nations into considering the measure. "Some countries feel they did their homework," says Arturo De Frias...
Schinazi said that the real problem at Haiti is the lack of infrastructure instead of the lack of geographic data...
...revealed during Netanyahu's visit and dispensing with the traditional photo opportunity and joint statement during Netanyahu's White House visit Tuesday evening. While U.S. officials sought to press Netanyahu to make a series of gestures to build Palestinian confidence in a new round of talks, the episode has instead reinforced the widespread skepticism of the prospects for the Netanyahu government and the Palestinian leadership being able to reach a peace agreement. (See pictures of Jerusalem, a divided city...