Word: overeers
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Those reasons extend beyond an overstimulated domestic economy. The geopolitics of the move are also pressing for Beijing. Though exports collapsed last year as the world plunged into recession - China's current account surplus declined by about half as a percentage of its overall economy - that adjustment phase is over...
The question is whether anything other than a massive, one-off revaluation in the RMB versus the dollar - something that is not in the cards - will have any significant impact on employment in the U.S. or Europe. Economists differ around the edges of this debate, but most agree that a...
Independent safety experts have said that China's actual total of mining deaths could be much higher, since mine operators and local authorities face pressure to conceal accidents. This year nine Chinese reporters were jailed for accepting bribes to cover up a mine disaster in Hebei province that killed 34...
Yet, as the rescue efforts drag on, journalists at the scene of the Shanxi mine have reported difficulty speaking with family members or obtaining up-to-date numbers of the total number of fatalities. Twelve miners have been confirmed dead, and another 26 are missing, the state-run Xinhua news...
All told, over several decades, the five permanent members of the U.N. Security Council distributed some 44,000 lbs. (20,000 kg) of HEU - enough for 800 nuclear weapons - to around 50 countries as diverse as Australia, Jamaica and Vietnam. Although that figure is a drop in the bucket compared...