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...March 2 news briefing in Sydney, Chinalco President Xiong Weiping tried to allay fears. "The transaction will in no way lead to any control of the natural resources of Australia," he said, adding that Rio's corporate strategies and management practices would also remain unchanged. For now at least, blatant anti-Chinese sentiment in Australia appears to be bottled up, and the investment is expected to go through...
...finally be the country of the moment. According to a recent study by the Paris-based Organization for Economic Cooperation & Development (OECD), Brazil may be the only one of 34 major economies that avoids recession in 2009. While the U.S. debates whether to nationalize its crippled banks, Brazil's remain comparatively sound. Oil companies worldwide are slashing investment, but Brazil's state-run Petrobras is going ahead with a four-year, $174 billion expansion plan. "Brazil," Lula boasted to TIME, "is riding the current crisis better than many developed countries...
...Gaza - between October and December last year, ending just four days before Israel unleashed on Gaza its fiercest bombing campaign in decades. The attack left an estimated 1,300 Palestinians dead and sent residents in nearby Sderot scrambling into underground shelters. But the subjects in Gaza-Sderot remain blissfully unaware of the looming disaster; there is little talk of politics at all. Instead, people go about their humdrum lives: a slender young man frets over his mediocre boxing skills in a Sderot sports club; friends in Gaza play music around a wood fire; a woman shops for dinner...
Just as the communities along the border of Gaza and Israel are divided by a wall, the web page is sliced down the middle by a red dotted line; the people on each side remain unaware, and sometimes uninterested, in what is happening on the other. Inevitably, there are strong echoes between the two communities, especially because Sderot's Jews are largely immigrants from North African countries that are culturally close to Gaza. At times it is hard to distinguish which side is which, as when a Moroccan wedding party in Sderot melts into a wedding party in Gaza City...
Limbaugh is hardly the only American with doubts. A poll by the Wall Street Journal and NBC News found that even in a country largely supportive of Obama, most voters remain skeptical of his stimulus plan. Nevertheless, Democrats scampered to make Limbaugh the official mouthpiece for the rest of the Republican Party. "Do they want to see the President's economic agenda fail?" Gibbs asked reporters. Michael Steele, the new GOP chairman, rushed to say no. Limbaugh, Steele said, is "an entertainer" given to "incendiary" and "ugly" overstatements. Like party leaders before him, however, Steele soon apologized...