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...miles from Paris to Lyon on the high-speed TGV in two hours. Covering a similar distance from Philadelphia to Boston takes some five hours, and that's on an Amtrak Acela train, the closest thing the U.S. has to high-speed rail. "Every other major industrialized nation has recognized that high-speed rail is key to economic growth and mobility," says Petra Todorovich, director of the America 2050 program at the Regional Planning Association. "It's time for America to realize that as well." (See the most important cars of all time...
...long, Haitians have been neglected by their northern neighbors and forgotten by the constituencies on whose behalf wealthier governments claim to act. After being established by former slaves and revolting against its French master in 1804, Haiti was not welcomed into the international community of independent nations. The United States, viewing a nation of former slaves as a threat to slavery in the Western hemisphere, refused to grant diplomatic recognition to Haiti until 1862. The French demanded that Haiti pay an unreasonable price for the new nation to receive diplomatic recognition—150 million gold francs to French citizens...
Before the earthquake, Haiti was the poorest nation in the Western Hemisphere. Over the past two weeks, it is now clear Haiti has lost almost everything, from its already fragile infrastructure to its lifeline of international aid. While no accurate death toll figure exists yet, The Haitian government has said that 150,000 have died in the capital of Port-au-Prince alone. The capital lies in ruins, and the surviving population hangs by a thread in tent towns now housing millions of homeless Haitians...
...devastating 7.0 magnitude earthquake in Haiti has left more than 150,000 dead as heroic individuals work tirelessly to contain the damage and rebuild the struggling nation. Already one of the poorest countries in the world before the natural disaster, Haiti will need aid not only immediately but also years down the road as it reconstructs its infrastructure, recollects its government, and revamps its economy. This extended recovery mission will require a team committed for the long haul as well as a multilateral approach that spreads responsibility amongst all members of the world community. For these reasons, the United Nations...
...rising that Beijing's easy-money policies have fueled a potential property-price bubble. According to government data, average real estate prices in Chinese cities jumped 7.8% in December from a year earlier - the fastest increase in 18 months. The credit boom has also sparked worries about the nation's banking system. Many economists expect the large surge in credit to lead to a growing number of nonperforming loans (NPLs). In a November report, UBS economist Wang Tao calculates that if 20% of all new lending in 2009 and 10% of the amount in 2010 goes bad over the next...