Word: leveler
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...level meetings between China's leaders and their African counterparts have been occurring at the frequency of at least one every month. What is Beijing up to? When China declared 2006 to be the "Year of Africa," hosted 48 African nations at the annual 2006 China-Africa summit and rolled out the red carpet for 17 African heads of state, we assumed it was all about gaining access to oil and minerals to fuel China's awesome economic growth. But there is much more going on than a meet, greet and grab from the African continent. China has big economic...
...fought." I hurt him more than he hurt me. Success: "You faced Giancarlo Morillo and forced him into seeing things your way." This seemed like a good way to get experience, so I explained my point of view to Morillo five more times. I went up a level. Nothing personal, Giancarlo. Strictly business...
...result, the role consumer spending plays in China's economy continues to head in the wrong direction. Private consumption accounted for a mere 35% of GDP in 2008, down from 46% in 2000. China's ratio stands at about half that in the United States, and even trails the level in comparable emerging markets, such as India, where the share is 57%. What those figures tell us is that Chinese consumers may be spending more, but not nearly enough to ensure sustainable growth for the Chinese economy down the road. "The consumer revolution already has been happening, but it could...
...those loans. And now that a growing number of people have stopped paying their mortgages, the FHA has had to pay out more in claims that it forecast. The agency has just $3.6 billion on hand to cover any unexpected losses in its $685 billion portfolio. That paltry level of reserve funding, less than is mandated by the government, has left some members of Congress in a twitchy mood and some onlookers to wonder if the FHA will eventually need a massive infusion of cash. (See high-end homes that won't sell...
...part of the policy shift, Kurt Campbell, the U.S. Assistant Secretary of State for East Asian and Pacific Affairs, visited Burma earlier this month - the first such high-level tour in nearly 15 years. In a significant concession, Campbell was allowed to meet for two hours with the opposition leader and Nobel Peace prize laureate Aung San Suu Kyi. Her party won by a landslide in 1990 elections that the junta then ignored; and her continued detention has angered the West. But not everyone was available to meet Campbell: junta supremo General Than Shwe stayed holed up in his army...