Word: richness
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...more tightly tethered to foreign markets than was the case a decade earlier. The export share of panregional gross domestic product (GDP) hit a record 47% in 2007, fully 10 percentage points higher than the portion in the late 1990s. With approximately 50% of those exports earmarked for the rich countries of the developed world, a rare and sharp synchronous downturn in the U.S., Europe and Japan undermined an increasingly important source of Asia's seemingly invincible growth dynamic. Far from celebrating a newfound resilience, the region was reeling from a severe external shock. Like it or not, Asia...
Britain is crawling with so-called metal detectorists, who make a hobby - and often an obsession - out of unearthing treasure from the country's rich past. Occasionally they strike gold, like Terry Herbert, a 55-year-old Staffordshire man who, it was announced Sept. 24, discovered more than 11 lb. of Anglo-Saxon gold on a farm north of Birmingham. But mudlarks, who consider themselves élite archaeologists, tend to view treasure seekers with disdain. While anyone can obtain a permit to search the five or so miles of the river's southern foreshore between Westminster and Wapping...
According to new U.S. Census data, the recession has hit middle- and low-income families hardest, widening the gulf between them and the rich. Lower incomes boosted poverty rates in 31 states and Washington, D.C., from 2007 to 2008, compared with increases in just 10 states the year before. Overall, the U.S. rate hit an 11-year high of 13.2%, while the number of Americans receiving food stamps rose...
...gospel," whose God wants to "prosper" you. In 2006, the runaway bestseller The Secret promised that you could have anything you wanted, anything at all, simply by using your mental powers to "attract" it. The poor listened to upbeat preachers like Joel Osteen and took out subprime mortgages. The rich paid for seminars led by motivational speakers like Tony Robbins and repackaged those mortgages into securities sold around the world. (Read "Yes, I Suck: Self-Help Through Negative Thinking...
Chromosomes repeatedly snake in and out of the two compartments as their DNA alternates between active, gene-rich and inactive, gene-poor stretches...