Word: low
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...along the pavements, keeping low, chased by the sound of gunfire and more explosions. The nearest escape route is 33rd Street, narrow like so many in the downtown area, and it is a seething bottleneck of people - sitting ducks - so I run on and dart up 34th Street. Are they firing over our heads? Not all the time. Not far from where I had been standing lies the body of Japanese cameraman Kenji Nagai, shot dead by a soldier at point-blank range...
...inexpensive exports gushing out of Chinese factories - the $15 sweaters, the $25 sneakers, the sub-$100 DVD players - may start getting pricier as the mainland struggles to bring its runaway economy under control. Not all economists agree it's inevitable, but some are warning that an era during which low-cost Chinese production helped to maintain unusually stable prices for manufactured goods around the world is coming to an end. This view isn't held just by a few lonely bears in the wilderness. In his new book and in recent newspaper interviews, former U.S. central-bank chairman Alan Greenspan...
...fiscal policies are intimately tied up with politics. For example, Chinese President Hu Jintao's centerpiece program of building a "harmonious society" by raising wages and improving state services such as health care for poorer workers plays well with the masses, but may undermine efforts to contain inflation. "As low-income earners enjoy higher incomes they tend to spend money," says Simpfendorfer, the Royal Bank of Scotland economist. "Ultimately that's an inflationary story." Political considerations can also prevent officials from taking aggressive, timely action, says Albert Keidel, a senior associate with the Carnegie Endowment for International Peace...
...increasing even faster, which tends to limit manufacturers' need to raise prices. Standard Chartered economist Gerard Lyons says that China's move into more valuable manufactured goods such as automobiles will in years to come have the same deflationary effects on world markets as the country's push into low-end manufacturing...
...officials and by those from the U.S. Federal Aviation Administration, which has an office in Shanghai to monitor the project. Beyond Asia, ACAC hopes to sell the jet in the U.S. and Europe. It's not clear if the recent spate of quality issues faced by Chinese manufacturers of low-end products, such as toys and clothing, will ultimately hurt ACACs chances. "Customers could hesitate because it's made in China," says O'Neill of Deloitte. "Airlines will be conscious of such talk...