Word: nationalism
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...year for a decade. The government has done whatever it needed to do to keep the economy on track. It has underwritten the build-up of the manufacturing sector, the telecom and electric infrastructure, and a large and complex financial system. It has also sold parts of the nation's largest companies to the public to give the companies more access to capital. The communist central government says it will put about $585 billion into the domestic economy in order to stimulate consumption and business expansion...
...China has obviously demonstrated that it has both the will and the capacity to exceed the growth of any other large nation in the world. But, what is rarely if ever mentioned by the government is that the nation's economic fate is not in its own hands...
...this year, the Shanghai Composite, the best measurement of stock values in China, is up over 20%. Those making the argument that the world's most populous nation will have a strong year can point to that number as an indication of optimism. The trouble with the theory is that when the Asian nation's economy was at its most robust, in 2007 and early 2008, the same index of China's stock fell from a level of 6,000 to 1,700 where it bottomed five months ago. This must be what the head of Pimco meant when...
...Packed onto the “FedEx Lives” service, baby chickens will be sent across the nation to serve as egg layers and novelty pets this Easter. An online search revealed dozens of online vendors where I could purchase baby chicks for one to two dollars a bird, plus 25 cents postage and packaging...
...Dharamsala's streets is muted. A handful of protesters are selling yellow-and-maroon Tibetan flags ahead of demonstrations scheduled for Tuesday. A few youngsters on motor-bikes are cruising around hoisting flags, and a lone painter is making a black-and-white sign reading "Tibet: One Struggle, One Nation" near the Namgyal monastery that forms the heart of the town. But there's none of the optimism and the energy of last year. "Last year's protests pushed the Tibet issue to the top of the international news agenda," says Kate Saunders of ICT, "The elaborate preparations this time...