Word: nationalizes
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...book-tour T shirts the way music acts sell concert tees. His latest book, Pygmy, follows the terror plot of an adolescent foreign-exchange student/secret assassin as he infiltrates and tries to destroy middle America. Palahniuk talked to TIME about the new novel, how he accidentally offended the entire nation of Germany and what he really thinks of the Cult. (Read TIME's 2002 article about Chuck Palahniuk...
...righteous class contempt for the excesses of Britain's "fossil monarchy," such as "the Betty and Phil Show," his phrase for the marriage of Prince Philip to Elizabeth II. "Even more money was wasted on her coronation... whilst in England's green and pleasant land the rest of the nation survived on rationing in some of the worst slums in Europe...
...expected. The value of goods and services leaving the country was down 22.6% compared to last year. Reuters reports that economists expected the drop to be only 18%. Several experts also pointed out that the reason that Chinese economic growth is still reasonably strong is due to the nation's $585 billion stimulus package...
...pump run out of money and economic activity has to stand on its own. For China and the U.S. the end of that support means very different things, but the are inextricable connected. China's stimulus package is aimed at driving business activity and consumer spending within the nation's borders. But, if demand for its exports does not return soon, the most critical aspect of its GDP growth will still be in an anemic state. Alternatively, in the U.S., the core of the stimulus effort is to drop taxes to improve consumer spending and give financial aid to projects...
...China's economy cannot stand on its own without the U.S. economy recovering its foundation, which is consumer spending. That means that the prospects of rapid GDP growth in the world's most populous nation remain doubtful...