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Wang Shaobi was just 7 years old, growing up dirt poor in southeast China, when the world she would inherit changed forever. It was 30 years ago this month - December, 1978 - when China's leadership decided the time had come for their country to open up its economy and to embrace something akin to capitalism. The monumental shift - China under Mao Zedong had been a centrally planned economic disaster - reflected the growing, behind-the-scenes influence of a man few in the West had then heard of: Vice Premier Deng Xiaoping. China, the ruling Communist Party decreed back then, "required...
...High-Tech Solution To economic policymakers, the real meaning of becoming a strong economy lies beyond getting citizens to spend more and expanding the service industry. The next Chinese miracle, at root, will mean becoming a first-rate technological power. China's road ahead was on display earlier this month in Shanghai, when a San Francisco - based company called the Cleantech Group hosted a venture-capital forum aimed at driving investment dollars toward alternative-energy entrepreneurs on the mainland. Opportunities appear to be plentiful, despite the dim economic environment. Forum attendee Patrick Tam, CEO of Beijing Tsing Capital, says...
Lyudinovo's woes are not exceptional. The markets for the huge exporting firms that are the foundation of Russia's recent prosperity have suddenly dried up, and that's having an immediate effect on machinery makers and other manufacturers. Construction has also seized up in many places. Last month in Moscow, lack of funding stopped work on a Norman Foster - designed skyscraper called the Russia Tower that was going to be the tallest naturally ventilated building in the world. (See pictures of Moscow...
TheLadders currently lists about 60,000 positions at companies that pay a hefty fee to put their openings in front of high-potential recruits. The site tries to weed out unqualified applicants by charging $30 a month or $180 a year to access listings for such positions as accountant, financial analyst or director of sales, as well as more unusual jobs like "senior-level food technologist" or "business-strategy ninja...
Increasingly, the answer seems to be yes. That's the intriguing conclusion from a body of work by Harvard social scientist Dr. Nicholas Christakis and his political-science colleague James Fowler at the University of California at San Diego. The pair created a sensation with their announcement earlier this month of a 20-year study showing that emotions can pass among a network of people up to three degrees of separation away, so your joy may, to a larger extent than you realize, be determined by how cheerful your friends' friends' friends are, even if some of the people...