Word: peaking
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...Asian world has opened its arms to Western culture for a long time, largely because of the powerful economic influence," he explains. "In the Tang dynasty, from A.D. 600 to 900, when the Silk Road was at its peak, China had an open-door policy and foreigners could go there to make a living." Sheng sees a parallel nexus between trade and culture in the contemporary scene: "Asia's interest in Western culture today arises directly from the terrific boom in economic prosperity. Let's face it, culture and the arts always have a close tie to the economy...
...power plants has not kept pace. Last year, millions of Chinese suffered blackouts when massive power shortages affected two-thirds of the country's 31 provinces and municipalities. Multinational companies operating in China, among them General Motors and Panasonic, were forced to shift their production schedules to off-peak hours, which lost them days of work, while thousands of local companies suspended operations entirely as available energy was funneled to foreign and joint-venture firms to keep their assembly lines humming. The electricity crunch hit China's fastest-developing eastern and southern regions the hardest, as overtaxed power plants simply...
...Already this month, Shanghai has obliged 500 factories in the city to move their production to off-peak hours. Yet it still requires buildings in the top commercial districts to keep their interior lights on all night to burnish Shanghai's image as an international financial capital. According to one building manager from the Xujiahui district, this requirement has led to doubled electricity consumption, not only from the lights themselves but from the air-conditioning needed during the day to cool the overheated building. All in all, Shanghai's much-vaunted nocturnal skyline?100 times brighter than the Australian capital...
...Okazaki admits this is Mitsubishi's "last chance." Analysts say it may already be too late. Japan has 11 companies making cars and trucks, while the total market has shrunk by about a quarter since its 1990 peak. Mitsubishi's market share in passenger- and mini-cars has sunk to a meager 3.8%. The company "could disappear tomorrow, and no one would miss it," says John Harris, a Tokyo-based auto consultant...
Central to the show is Gleeson's 1939 work The Attitude of Lightning Towards a Lady-Mountain. Bristling with fire and ice, its riveting depiction of a female-shaped peak of laval rock being forged by the hand of lightning suggests both the irrationality of creation and the immutability of physics. It came as a thunderbolt in more ways than one. Not only did its showing at the inaugural Contemporary Art Society exhibition in Melbourne galvanize a whole movement around the Down-Under Dal?, but its purchase 51 years later by Sydney art lovers James Agapitos and Ray Wilson began...