Word: reading
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Dates: during 2000-2009
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...reduction in global demand. According to a report from Fitch Ratings in the U.S., Chinese lending continues to accelerate even though corporate profits overall are shrinking - suggesting that China may be incubating its own financial crisis that could be triggered when the adrenal rush of the stimulus wears off. (Read "Is a China Stock Bubble Forming...
...Read "Why China's State-owned Companies Are Making a Comeback...
...before the bust, the consumer accounted for almost 70%. With American shoppers now on the sidelines - the U.S. savings rate has soared from zero to nearly 7% in the past nine months as consumers have closed their wallets - the world desperately needs someone to step into that void. (Read "China Won't Ride to World's Economic Rescue...
...enacts reforms to the health-care and social-security systems, steps that would give people more confidence to spend rather than save. Last year, says Peking University's Pettis, China's consumption was about the equivalent of France's. No one is calling on France to save the world. (Read "China's Auto Bailout Takes a Different Route...
...years ago, I read a terrific collection of essays - It Must be Beautiful - on the great scientific equations of modern times. I loved it, but as I meandered through the book, I was struck by an unexpected poignancy. The first essays, by and large, described breakthroughs that had taken place in the laboratories of Europe. The second half was quite different. Some time in the 1920s, the balance of scientific discovery shifted inexorably to the U.S. A small book of essays held within it proof of a profound historical change...