Word: majors
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...Doomsday predictions, of course, have long been a staple of Middle East commentary. Every negotiation seems to be the "last chance" for peace. Every crisis seems to threaten the outbreak of a major war, if not the great apocalypse. But there's reason to pay attention to the warnings this time. The 1979 Camp David peace treaty between Egypt and Israel planted the seed for resolving the core of the conflict: the creation of an independent Palestinian state in the West Bank and Gaza Strip, Arab territories seized by Israel in the 1967 war. But if the Annapolis conference fails...
...turns out, writers dress a lot like steelworkers. When the writers and producers resume talks Nov. 26 to try to end a strike that has shut down hit shows like Grey's Anatomy and 30 Rock and big-budget movies like The Da Vinci Code sequel Angels & Demons, the major sticking point will be pay for work distributed via new media. Such a contemporary issue calls for updating strike techniques...
...Whether the market malaise will frighten others into the same decision is uncertain. Chinese have few investment options - real estate markets are frothy in major cities and interest rates paid on bank deposits don't even keep up with the country's rising inflation rate. People were still pouring into the market a few months ago. In August, about 4 million new trading accounts were opened, but the numbers have been falling since, according to stock exchange officials in Shanghai...
...economist Xie. Although many investors believed the government would do nothing to damage confidence in stocks before Beijing hosts the 2008 Olympics next summer, that belief has proven to be unfounded. In recent weeks, regulators ordered commercial banks to freeze lending activities through the end of the year - a major step calculated to curb the country's overheated economy that could have a knock-on effect on share prices...
...Beech's cover article about "Asia's Happy Artists" featured artists only from China, India and Vietnam, as if Asian art consists of works only from those countries [Nov. 12]. What about the brilliant, hot artists from the Philippines, Indonesia, Thailand, Malaysia and Singapore who are enjoying prominence in major auctions at Christie's and Sotheby's? They are just as "politically aware," "socially conscious" and "boldly experimental" and are also "commanding record prices for their work." Manuel Faustino, Makati City, the Philippines...