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...consumers incentives to start buying again. In January, China slashed its sales tax on cars with engines of up to 1.6 liters. The measure, designed to get Chinese to buy smaller, more fuel-efficient vehicles, had an immediate impact. January sales of small cars jumped 19% compared with the previous month, according to the China Association of Automobile Manufacturers. The buying binge meant that, for the first time ever, more cars were sold in China (735,000 vehicles) in a month than were sold in the U.S. (657,000). In January at least, China was the world's largest...
...Together After a decade in the tank, Japan's economy started to recover around 2003, buoyed by spectacular growth in China and the U.S. This year's slump is correlated with the collapse of external demand; in January, Japan's exports were down an astonishing 46% compared with the previous year...
...Wall Street tries to right itself, the global economic crisis is punishing many of the youngest Americans. Preliminary nationwide figures indicate that there were nearly 16% more homeless students in the 2007-08 academic year than in the previous year. And the number of homeless students continues to climb as more parents face foreclosure or the unemployment line. Of some 1,700 school districts surveyed this fall in a separate study, 69% said they had already counted at least half as many homeless students during the first few months of this academic year as they...
...Defaced” falls short of its goal: to provide a lens with which to understand the modern fascination with horror.“Defaced” is both well-written and accessible. Filled with visual aids, it serves as a comprehensive introduction for readers with no previous exposure to art history or medieval culture. Despite its qualities as a work of art history, however, it lacks credibility as a work of social theory. The book begins with a comment on a photograph of the mutilated body of an anonymous Haitian in Port au Prince...
...think one of the problems right now is that science can’t really answer the question of what will be the effect.” But Farrell was not cautious in condemning the Bush administration for its relationship with science, saying that “the previous administration just ignored or put off science” because of an agenda that was economically and morally motivated. The Clinton administration did very little with regard to science as well, said James G. Anderson, professor of atmospheric chemistry, arguing that the Clinton administration, while more open to science philosophically...