Word: onsets
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...Ulrich, managing director at JPMorgan in Hong Kong. At the same time, the U.S.-China economic relationship is not as lopsided as it was a year ago, at least by some measures. The U.S. savings rate has increased to about 4% of GDP (from zero at the recession's onset), and China's current account surplus has fallen from 10% of GDP to about 6.5% of GDP. Both are improving for the same reason: shell-shocked consumers in the U.S., where the unemployment rate is 9.8% and rising, have snapped their wallets shut. Now that it's pouring, they have...
...which will be front and center when U.S. President Barack Obama makes his first visit to China on Nov. 15, is the exchange rate of Beijing's currency, the renminbi (RMB). After allowing it to rise against the dollar by about 15% earlier this decade, China has since the onset of the crisis kept the RMB's value tightly pegged at about 6.8 to $1. Economists differ on how greatly undervalued the RMB is. The International Monetary Fund and World Bank contend that it's about 15%-25% below where it would be if it were allowed to float freely...
...favored to win, is scheduled for Nov. 7, but it's unclear that this round will be any less contentious than the first. Fraud is still likely, Karzai is still tainted by the corruption and inefficiency that have plagued his government for the past eight years, and the onset of Afghanistan's winter could delay balloting until spring. The Obama Administration, meanwhile, has signaled a reluctance to commit more troops to its campaign in Afghanistan until it has a legitimate government to work with. At some point, it has to start wondering whether it has a partner worth waiting...
...recent months has raised alarm across the nation. In its latest report, the Robert Koch Institute, the federal agency for infectious diseases, said new cases in Germany have jumped to about 1,600 each week, double the 700 to 800 weekly cases reported in early autumn. With the onset of winter, when seasonal-flu infections typically peak, many experts are concerned that H1N1 infections will spike dramatically. Klaus Osterrieder, a virologist at the Free University of Berlin, now fears that with the worries over the possible risks associated with Pandemrix, many people will avoid getting a vaccine altogether. According...
...golf team was feeling confident about its most recent play. Having won its previous tournament at Yale, the Crimson traveled to the Saucon Valley Country Club, located in Bethlehem, Penn., to compete in the Kelly Gutshall Invitational hosted by Lehigh University this past weekend. But with the onset of winter weather throughout much of the Northeast, the Harvard squad was not even sure it would be able to try to end its fall campaign on a high note this weekend...