Word: periodicity
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...more compelling as intraregional trade becomes more important when compared with Asia's trade with the West. According to HSBC, the share of Asia's exports to the U.S. and Europe declined to 30% of the regional total in 2008, down from nearly 40% in 1998. Over the same period, intraregional exports as a share of total exports in emerging Asia rose to 54% from 46%. "Intra-Asian trade flows are the fastest growing in the world," says Lawrence Webb, global head of trade and supply chain at HSBC. This trend has accelerated since the financial crisis. HSBC predicts that...
...debt. Unless China can transform its citizens from savers to spenders, the reform of the entire world economic system could suffer. "I don't see any evidence" that China's economy is rebalancing, MIT's Huang says. "Its always difficult to get consumption to grow in a limited period of time." Greater consumer spending in China could have a big impact as well on the world economy. Cornell's Prasad figures that if China can increase growth of private consumption to 20% a year (much higher than the trend of nominal GDP growth of about 15%), global GDP growth would...
...NCAA tournament bracket. Against Columbia, it looked like the title chance was about to slip through the team’s fingertips with Harvard down a goal late in the second half. But freshman forward Brian Rogers brought the Crimson back and sent the game into an extra period with a goal in the 79th minute. In overtime, the momentum stayed on Harvard’s side, and with fewer than five minutes into the period, Chi scored to keep the Crimson’s championship hopes alive...
...It’s] evident to everyone that [The Beatles] entered their most fertile creative period after they began smoking grass and taking LSD,” wrote Extension School instructor John McMillian in an email; he is currently working on a book about the legendary band. “Same for Bob Dylan. And I can think of several major writers, like Edgar Allen Poe, Aldous Huxley and Jack Kerouac, whose use of narcotics, hallucinogens and stimulants apparently enhanced their work. But certainly there was a destructive side to this as well. Diminishing returns set in pretty quickly...
...last court-martial to hold the national attention was the 1971 trial of Lieut. William Calley. "It has been a very long time since a case has engaged the public nationwide for a sustained period," says Eugene R. Fidell, president of the National Institute of Military Justice who teaches military law at Yale. The charges that Calley directed the massacre of 104 Vietnamese villagers in 1968 fed the national debate over the war and his 1971 trial underlined the country's divisions. Politics intruded into the Calley case when Congress refused to release secret testimony about the incident. President Richard...