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...falter in late 2007, China's torrid export growth rate--for the past several years running at an annual rate of 20% or higher--was showing unmistakable signs of a slowdown. In February it plummeted to just 6.5%, compared with nearly 20% growth expected by economists. Exporters suffered major disruptions from power outages and transportation delays caused by that month's heavy snowstorms, but sluggish U.S. demand was also to blame. The value of U.S.-bound goods showed a rare year-over-year decline that month...
...major retrenchment could have serious consequences for China's economy and society. The specter of legions of laid-off migrant workers roaming the streets in search of jobs is bound to keep Beijing's economic policymakers--who fear the political consequences of widespread social unrest--up at night. Sun, the Lehman Brothers economist, says that as manufacturers are pushed to the brink, China's stock markets could see sharp declines. Given that many large, listed Chinese companies pad their profits by investing in stocks themselves, "a big correction could bring [corporate earnings] even lower, and a vicious cycle could result...
...Gavin DeGraw is, in fact, a widely-known major contemporary music presence. His first album, Chariot, went platinum and sent four singles to the top of the Billboard music charts. And unlike last year’s artist, Third Eye Blind, DeGraw can’t be called “out of date”; he will release a new album in just two weeks. Its first single, “In Love with a Girl,” is already climbing the charts...
...Moses did write one book, though not a work of fiction. “Inside College: New Freedom, New Responsibility,” published in 1990, aims to aid students with the transition from high school to college, tackling such problems as choosing a major, deciding on classes, and balancing extracurricular life with school work...
...just Americanized; it’s Indianified, Koreanized, Mexicanized. Chinese food is really more of a philosophy of cooking than it is a set of fixed recipes. The food is good enough that it can adapt to the palate of the local clientele. THC: What are the major differences between authentic Chinese food and most American Chinese food?JL: One difference is that Americans don’t like to be reminded that their food ever walked, swam, flew, or crawled. Anything that’s very animalistic, they don’t want on their plates?...