Word: muchness
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...real estate boom? Many are not convinced. They point to a couple of factors that make China's situation different from that of the U.S. The first is that the real estate sector is nowhere near as reliant on debt financing as it is in the U.S. and much of the rest of the developed world. Consider the complex in which Yang, the cabbie, bought one of his three Shanghai apartments. The developer, Shanghai Forte Land, presold all the units before spending a cent on construction. In China's residential market, financing development with customers' cash, not loans, is standard...
...spend $549 to listen to someone yell, "Show us the birth certificate," a year after the issue was settled doesn't say much for this supposed "potent force." Jim Grant Rochester Hills, Mich...
...ideas, "Artistic and Intellectual Ferment" and "Joining the World" are hardly the product of much brainstorming and betray the Naisbitts' tone-deafness. Do we really believe that what the Naisbitts call "Chinese country music" will soon become a "moneymaking machine" simply because one peasant group's original composition, Song of Sanitation Workers got some favorable notice in the provincial press? (See pictures of China...
Another critical reason Washington is frozen: too many lawyers. We need doctors, engineers, teachers, small-business owners and farmers involved. Many lawyers simply do not know much about anything but the law. They have "soft hands" with no calluses. Gene Dura, WEST LAFAYETTE...
...Marjah is showing why separating the Taliban from their narcodollars is so difficult. Not only did the drug syndicates get away with much of their stash and their heroin labs, but also there's no consensus among NATO commanders, counternarcotics experts and Afghan Cabinet officials on what to do next. The opium trade is woven into the fabric of the economy of southern Afghanistan. In Marjah, as elsewhere, the Taliban protected the drug syndicates for a price, reaping millions of dollars from the opium bounty. But ordinary residents benefited from the drug trade too; it provided a lucrative crop...