Word: musts
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...that have been signed between various Asian countries in recent years, executives say. Others, worried about their prospects in a China-led free-trade zone, are eager to see APEC take the lead. Says Kevin Thieneman, the Southeast Asia and India country manager for industrial-equipment giant Caterpillar: "There must be a realization by the Obama Administration that the U.S. is getting lapped when it comes to trade in Asia. There is a lack of understanding in the U.S. about how fast the bilateral trade agreements are happening out here...
...summit are expected to commit to the completion of a basic framework for an Asia-Pacific zone by the end of 2010. While the details have yet to be hammered out, such an agreement would be an unprecedented step forward. One thing is for certain: this year's APEC must generate more than an amusing photo...
...signal is getting weak here. Must try to send this last e-message. Hoping your world is still there, at least till...
Such efforts will take years to bear fruit, however time the global economy may not be able to afford. Economists agree that China and the United States must alleviate the imbalances that contributed to the current crisis if the world economy is to find renewed, and healthier, growth. China saves too much and spends too little, leading to giant surpluses and hard currency reserves, while the U.S. saves too little and spends too much, creating giant deficits and debt. Unless China can transform its citizens from savers to spenders, the reform of the entire world economic system could suffer...
Lessons have been learned since the Calley case, Silliman says, not the least of which is the danger of political intrusion and command influence. While members of Congress may enter the hot debate, President Barack Obama as Commander in Chief must be wary not to exert "unlawful command influence" in his pronouncements on the case, Silliman says, just as President George W. Bush and Administration officials in the chain of command were cautious in the Abu Ghraib cases. So far, Obama has not stepped over the line, Silliman says, by specifically naming Hasan. This is as close as the President...