Word: perring
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...reasons Asia may not be ready. One of the central goals of an Asian bloc would be to make it easier for China to buy a greater proportion of the region's output as the U.S. fades as an engine of global consumption and growth. But, while China's per capita GDP now stands at about $3,200, up nearly fourfold since 1997, it's still a far cry from U.S. per capita GDP of about $46,000. Moreover, conservative Chinese financial habits are deeply ingrained and driven by the need for "precautionary savings" for medical care...
...Africa (if treated as one entity) are remarkably similar. For example, the African economy has been experiencing similar growth rates to India's of 6% to 7% over the past decade, and will likely see 3% to 4% growth in 2009 - impressive in the current global environment. GDP per capita in Africa is similar to that of India and, like India, the population in Africa is growing and will be similar in size to China's population in several decades...
...Face for the Selfless Manny Pacquiao, now 30, is the latest savior of boxing, a fighter with enough charisma, intelligence and backstory to help rescue a sport lost in the labyrinth of pay-per-view. Global brands like Nike want him in their ads. He made the TIME 100 list this year. West Coast baseball teams invite him to throw out the first pitch in order to attract the Filipino-American community. He has even become an object of desire: ESPN the Magazine has his naked torso in its Body Issue, which explores the engineering of several athletic physiques...
Bringing back hot breakfast may also be a no-cost project. After conferring with Harvard University Dining Services, Bowman and Hysen say they found that hot breakfast could be offered in one House per neighborhood at no cost, though students would potentially have to sacrifice lunch at that House...
...says that the government needs to do much more to accelerate the income growth of poor Chinese if consumer spending is to play a bigger role in the economy. The average Chinese, he says, doesn't have as much cash to spend as many people think. Actual household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that of residents of the major urban centers creating...