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...part by optimism that Beijing's $586 billion stimulus program will drive a turnaround in the sagging economy. "After a brief pause, China's appetite for natural resources has returned to buoyant levels," Jing Ulrich, chairman of China equities at JP Morgan in Hong Kong, wrote in a report last month...
...outside the health sector--what Michael Osterholm, who heads the Center for Infectious Disease Research and Policy (CIDRAP), terms "collateral damage"--could be even worse. The "just in time" supply chain on which so many U.S. corporations rely leaves little slack and could buckle during a pandemic. In a report last year, CIDRAP noted that 40% of the U.S. coal supply, which generates half the nation's electricity, is shuttled from mines in Wyoming to the rest of the country by train. If a pandemic simultaneously sickened enough coal workers--or the tiny number of engineers qualified to operate those...
...even harder than its economists predicted in January. According to a new European Commission forecast, the "E.U. is not spared" from the "deepest and most widespread recession in the postwar era." European economies will continue to contract, with unemployment expected to reach nearly 11% by 2010. The report says that despite government bailouts and bank-stabilization plans, the E.U.'s economic situation is "exceptionally uncertain...
...most nations do not tax corporate profits earned abroad, Obama says doing so would put some $210 billion in U.S. coffers over the next 10 years. Critics say the change would make it harder for U.S. companies to compete globally and could spur some to relocate overseas. A 2008 report from the Government Accountability Office said 83 of the 100 largest public U.S. companies have subsidiaries in tax havens...
...Paris Different Strokes for Different Folks According to the Organization for Economic Cooperation and Development (OECD), the French spend twice as much time enjoying meals each day as do Americans, and they get an hour more of sleep per night than do most South Koreans. The group's report used government data and Gallup polls from 18 of the OECD's member countries to examine various social indicators--from education spending and fertility rates to leisure activities and "life satisfaction...