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...clear that such concerns are shared by the central government in Beijing, which is seeking to tighten credit growth generally, and property loans in particular. The latest budget report from the Ministry of Finance, released to coincide with the opening of the National People's Congress in Beijing on March 5, draws attention to debt levels being incurred by local governments forging headlong into massive infrastructural and development projects. Even as it was being distributed, Premier Wen Jiabao was telling NPC delegates that the authorities would slow both lending and new construction in 2010, and place additional curbs on speculative...
Washington, Broken Peter Beinart, in "Why Washington's Tied Up in Knots," presents the usual call from the media for evenhanded solutions [March 1]. His ideas for getting both parties to cooperate are tepid. For government to work, it takes good faith and honorable conduct from everyone in society. Beinart seems to have noticed that the Republicans have stepped out of bounds, but he just can't bring himself to call the foul. Peter Rosenthal Charleston...
...Government Shutdown'? I was surprised that you included an article by Newt Gingrich in your cover package [March 1]. Isn't the idea of Gingrich giving advice on bipartisan cooperation akin to asking the fox for advice on how to guard the henhouse? He is the king of noncooperation and partisanship. There are people on both sides of the aisle who can offer advice about bipartisanship and have at least a modicum of credibility. Sandy Stanley muscatine, Iowa...
...This Tea Party Started Why is it that TIME's photomontage of members of the Tea Party movement did not contain even one image of what recent polls have shown to be the average Tea Party member: rural, older, white and male [March 1]? These photos were misleading. Kathleen Austin Chicago...
...Tiger Re "Tale of the Cat" [March 1]: During a visit to a Shanghai animal market in 1999, I observed a man sitting at the kerb cutting small pieces from a tiger's paw, mixing them with different herbs and then making small parcels of the mixture and selling them. While I was watching, two policemen turned up and also found interest in his business. One of them even bought a packet! Obviously they had not heard about the law banning trade in tiger parts. Unfortunately, as long as greed, poverty, corruption and old culture exist, there is very little...