Word: localizes
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...argument by members of Congress who are opposed to the process may get some traction. Blue collar workers across the country are becoming enraged at seeing their peers being thrown out of jobs with support from the Treasury. Local towns and cities will have to support workers at dealerships that close. Banking and investment firms not involved in the GM situation will have to ask themselves if their future rights could ever be undermined by a process driven by the financial might of the U.S. government. (Read "Is This Detroit's Last Winter...
...During the Bush years, senior officials paid about as much attention to Southeast Asia as to New Orleans' levee system. Policymakers would jet into Singapore to take in a couple of days of private meetings with local officials, then return to Washington never having set foot in regional giants like Indonesia. And when the White House did attend to Indonesia or Malaysia or Thailand, it usually focused only on talking to the élite, or about counterterrorism. Now, with Indonesia, which is proving to be Southeast Asia's most vibrant democracy, the Obama Administration sees an opportunity to build...
...forested hillside in the county of Hualien on the island's east coast. The government, he tells them, is upgrading bike trails in the area and hopes to get World Heritage Site status for a nearby gorge, which Ma compares to the Grand Canyon. The diplomats chat about the local hotels and scenic spots for a few moments, but then quickly shift the conversation to what is really on everyone's mind: Taiwan's rapidly warming relations with China. (Read "China and Taiwan Draw Closer, Amid Protests...
...seems only too happy to dive into the issue that has dominated his first year as Taiwan's leader. Tourists from the Chinese mainland were allowed to visit Taiwan for the first time last year and are arriving by the thousands each day, he notes, giving the recession-hit local economy a welcome, albeit minor, boost. He stresses that he wants Taiwan to benefit economically from better ties with China - but he won't let the island be assimilated by the rising giant. "I won't sell out Taiwan," Ma told TIME, adding that "I'll sell China Taiwan fruit...
Inevitably, though, the laws of economics have reasserted themselves. Since oil prices plummeted, and world stock markets crashed last fall, some $75 billion worth of real estate projects have been suspended and canceled in Dubai, according to a report by the local branch of HSBC bank. Business journal the Middle East Economic Digest puts the figure at more than $300 billion. Postponed developments include the World, a luxury man-made island community designed to resemble a world map, and Dubailand, a theme park planned to be twice the size of Florida's Disney World. Housing prices have fallen...