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...ways since 1999. After the country's stagnation in the '90s, and the reform shocks of the preceding decade, the Clark era has been a prosperous one. "There is no mood for radical change in our country," Clark declared at her campaign launch in Auckland on Aug. 21. Economic output has grown by an average of 4% a year; the country's unemployment rate has dropped to 3.7%, the lowest in the developed world. Dairy, meat and horticultural export earnings have soared. House prices have boomed, encouraging property owners to borrow - to buy consumer goods or even bigger homes. Since...
...immediate gratification, although he is using the language of incentive, hard work and aspiration to sell it. National is promising large tax cuts across the board, with a plan that would see 85% of taxpayers charged a marginal rate of 19? in the dollar or less. Despite the output and jobs growth, real earnings have remained flat for the past five years. It's opened up a 30% income gap between Australia and New Zealand - and sent a large number of skilled Kiwis across the Tasman for good in search of career opportunities and higher earnings...
...screen. (For $200 more, you can get a 100GB version.) Though surprisingly slender, it's larger than any portable game system. The video-grabbing apparatus is actually a separate piece of hardware that you plug in on top of the unit, and it has video input as well as output, so you can watch what you're doing on a regular TV screen. The breakout box also has a jack for an infrared wire, for use in changing channels on your cable...
...improvement recently in domestic demand, which?if sustained?would cushion any shortfall in exports. Japan also benefits from the extraordinary progress it has made in improving its energy efficiency. Since 1973, Japan's oil intensity ratio?a measure of the amount of oil consumed as a proportion of economic output?has fallen by 83%, well in excess of the 50% decline experienced by the U.S. over the same period. Nevertheless, with China now Japan's largest export market, any weakening in Chinese economic growth traceable to the energy shock could do real damage to the nascent recovery in the Japanese...
Some of the older diagnostic standards are undergoing a technological makeover of their own. Echocardiogram machines are getting smaller and smaller, and their output is increasingly being digitized, which allows doctors to calculate more accurately the ability of the heart to function. And new radioactive markers are making nuclear perfusion scans shorter and more precise...