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...Little wonder that in the aftermath of a record contraction in U.S. consumer spending in late 2008 - 4% average annualized declines in the final two quarters of the year in real terms - every major economy in Asia either slowed sharply or tumbled into deep recession. More than ever, the region's fate remains made in America...
...rates have since subsided, the shift in mind-set among executives has stuck, says John Ferreira, head of the manufacturing practice at Archstone Consulting. No longer is there a herd mentality pushing them to China and other faraway places, he says. When Ferreira surveyed U.S. and European manufacturing execs late last year, almost 90% said they were contemplating bringing some operations home or at least closer...
...explosion came, appropriately enough, with Achmed the Dead Terrorist, a character Dunham debuted in late 2007 on his DVD Spark of Insanity. Achmed, a bigheaded Halloween skeleton, is a failed suicide bomber. (He had a "premature detonation.") He has not yet come to terms with his demise - he just got a flu shot - and snaps "Silence! I kill you!" at audience members when they laugh, which is pretty much constantly. The Achmed sketch is the fourth most watched online video ever, according to the Web-tracking service Visible Measures; it's been viewed nearly 200 million times, more even than...
...beach boys" decided to stand up on their longboards and paddle around with outrigger canoe oars to get a better look at their surfing students, spot far-off waves, take photos for tourists or simply to have something to do on flat days. It wasn't until the late 1990s that the modern explosion began, thanks to big wave surfer and exercise guru Laird Hamilton picking up SUP and publicizing it as simultaneously adventurous, peaceful and a solid form of core conditioning for surfers and non-surfers alike. (Read an interview with surfing legend Kelly Slater...
...debt? One of the things a country with more cash than it can possibly invest at home - a description which China fits in spades - does is recycle its surpluses is through foreign direct investment. And China, in fact, has done scores of resource deals in the developing world - of late with Russia, Kazakhstan and Brazil in the old and gas sector, for example. But twice now in the developed world, big Chinese investments have been spurned. First CNOOC, now Chinalco...