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...sure, there's no denying the facts. The U.S. is the world's largest debtor nation and only digging itself in deeper. Respect for corporate America is evaporating. Profligacy produced sham economic growth. A disconnect between Washington's global ambitions and its available resources - what British historian Paul Kennedy calls "imperial overstretch" - has undermined national strength...
...Next Asia will also have to come to grips with its inherent lack of coordination by exerting greater control over its fragmented economies, markets and political systems. China's four largest banks, for example, still have over 50,000 branches between them - branches that in many cases function autonomously with respect to deposit-gathering and lending policies. Such a fragmented banking system has long been a major complication for China's central bank and its execution of a coherent monetary policy. Asia's rural-urban dichotomy also creates a natural fragmentation to its social and economic fabric - underscoring ever widening...
...intensive endeavor, the delayed onset of the region's economic takeoff casts it unfairly as the villain in an era of global warming. Although both of these claims have considerable merit, a damaged planet engenders little sympathy for the Asian excuse. On an absolute basis, Asia now makes the largest contribution to total growth in global pollutants - a trend that must be arrested, regardless of the size of its population or the state of its economic development. (Read "Is China Now the Climate Change Good...
After a two-decade drought of good news, AIDS-vaccine researchers are finally dancing under the first raindrops of hope. It's not a downpour by any means or even a soaking shower, but it's something. At the end of a six-year vaccine field trial--the largest ever conducted--scientists have their first successful immunization against...
...sights and smells of autumn. The changing leaves. The cool crisp air. In Munich, Germany, these would be signs that Oktoberfest was sneaking up, not that the world's largest festival, a two-week kegger, is too easy to miss...