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...city of 1.5 million, a sprawl of strip malls and cinder-block and tin-roofed buildings just south of San Diego, is fighting back. Last month, the city's tourism office launched a new 120th anniversary tourism campaign: "120 Things To Do in Tijuana." (See pictures of fighting crime in Mexico City...
...Last month, the U.S. State Department took the unusual step of issuing a warning to U.S. citizens to avoid Mexico's border towns, like Rosarito Beach. Big California universities, like UCLA, have also advised students to stay away from Mexico resort towns south of San Diego. To make matters worse, even iconic Latino celebrity Edward James Olmos recently urged people to "don't go" to Mexico on CNN's Larry King Live...
...wouldn't know it from the stock markets, though. Three weeks into April, the MSCI Pacific Index, which includes Australia and Japan, is up 10.4% for the month, and 3% over three months. The MSCI Australia Index has risen 6.6% month-to-date, the Hong Kong index 15%, and Japan 11%. Even hapless Singapore is doing well, thank you very much, boasting gains of 11.7% in the month to April 20 and 7.6% over three months.Read "China Takes On the Global Car Business...
...stranger to deficit spending, Japan approved this month a new Policy Package to Address the Economic Crisis worth $156 billion, its third fiscal stimulus package since September - and the umpteenth attempt to jumpstart the economy since the bursting of the asset bubble way back in the 1990s. None of the previous attempts worked, in part because much of the money went to wasteful public works spending in the bailiwicks of ruling-party politicians. The latest spending appears to make more economic sense, targeting job-creation, support for the equity market, increased transfers to regional governments, health-care spending, and energy...
...that, unsurprisingly, tend to co-occur. "The stories that are most likely to have an impact are ones that concern entertainment and political celebrities. Coverage of these suicides is 5.2 times more likely to produce a copycat effect than coverage of ordinary people's suicides," Stack says. In the month after Marilyn Monroe's death, for example, the suicide rate in the U.S. rose...