Word: restful
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...reliant on cross-border trade and on the investments required to support the logistics and capacity of its increasingly powerful export machine. Not only has China slowed dramatically - with export growth turning sharply negative in late 2008 and industrial output growth slipping into the low single digits - but the rest of an increasingly China-centric Asian economy has been quick to follow...
...only about 4.5% of the world's population, its consumers spent about $10 trillion in 2008. By contrast, although China and India collectively account for nearly 40% of the world's population, their combined consumption was only about $2.5 trillion in 2008. During the boom, China and the rest of Asia reaped enormous benefits from a mercantilist growth model that was tied increasingly to the voracious appetite of the American consumer. Unfortunately, Asia did not do a good job in hedging that bet. The U.S. could now be in the early stages of a multiyear consumption retrenchment, making the problems...
...many key respects. Japan, with its declining population and high-cost workforce, has much to gain from Chinese outsourcing and efficiency solutions. China, with its need for new technologies and pollution abatement, has just as much to gain from Japan's leadership position in both areas. And the rest of an increasingly integrated Asian economy would be well positioned to realize the benefits of supply-chain externalities that could be important by-products of greater integration between China and Japan...
...That's a Charles I rose farthing," he explains, pointing to the vague outline of a royal crest. On the open market, it's not worth much - maybe $60 - but "to a mudlark, your first Charles I should be priceless." He tosses it into the bucket with the rest of our haul for the morning, which includes several Tudor hairpins, Victorian clay pipes and a 17th century ferry token...
Deanna Frankowski, the beck fan mentioned in your article, is "sick and tired of being ignored"? Give me a break! I had to wait through eight years of an Administration that brought this country to the brink. Frankowski should sit down quietly while the rest of us get to the task of cleaning up Bush's mess. Besides, this health-care debate isn't about those over 30; it's about the millions of uninsured, recently graduated young people saddled with loans we can't imagine paying off, who are sick and tired of living in an abyss created...