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...Chinese staged anti-Japanese protests in major Chinese cities, typically frosty political relations between the two countries have been warming up a bit - and because of China's growing economic power, it's crucial to Tokyo that this trend continues. (China last year surpassed the U.S. as Japan's largest export destination.) Like Abe, Fukuda has avoided angering Beijing by refraining from official visits to the Yasukuni Shrine, which honors Japanese war dead, including 14 convicted Class-A war criminals from World War II. But the delicate relationship between China and Japan contains many potential flash points, among them disputed...
BASF, the world’s largest chemical company, officially launched a collaborative research program with Harvard yesterday. Under the terms of the agreement jointly established by the University’s Office of Technology Development and BASF in October 2007, the German company will provide $20 million over the next five years to support Harvard researchers in areas including the applied sciences, engineering, and chemical and systems biology. “As researchers, we are constantly looking for new, interesting problems to work on,” said physics professor David A. Weitz, who is co-directing the BASF...
...just can't keep Big Oil down. Trouncing analysts' expectations Tuesday, BP and Royal Dutch Shell, Europe's largest oil companies, delivered record profits for the first quarter of 2008. Anglo-Dutch firm Shell netted $7.78 billion in the first three months of this year, up 12% over the same period in 2007. Profits at rival BP, meanwhile, swelled by almost half to $6.59 billion. Shares in each firm climbed almost 5% on the news...
...Sure enough, Royal Dutch Shell Chief Executive Jeroen van der Veer limited himself to calling the results a "competitive set of earnings." And he was quick to point out that "Shell has the largest capital spending program in our industry today, to ... play our part in ensuring that energy markets remain well supplied." That slight air of defensiveness is easy to understand. Where corporate profits are concerned, "everybody thinks it goes into the pockets of senior people," says Webley. "That is far from the case." The suggestion is that Shell and BP's profits will be plowed back into exploration...
...political for some African Americans. Nevertheless, Trinity's congregation grew to some 8,000 (Oprah Winfrey and the rapper Common have attended services there). Wright's prominence in Chicago soon gained him national attention and won him entry into the White House during the Clinton Administration. Trinity became the largest congregation in the United Church, an overwhelmingly white Protestant denomination. Still, says Dwight N. Hopkins, professor at the University of Chicago's Divinity School, and an authority on black liberation theology, "Mainstream Americans have no idea of what the black church is." And, says Hopkins, who is also a Trinity...