Word: rise
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...union members in six states. "The largest problem is the continued lack of financing," says Jerry Rhoades, executive secretary treasurer of the Florida Carpenters Regional Council. "In the summer of 2009, there were 800 jobs on the books to build across the state. We do commercial, high-rise residential and power plants. The permits were ready, but the financing dried up. I am in my 60s and I've never experienced a downturn like this. Three years ago, three contractors would bid on a project. Now 90 contractors bid on a project. That is how desperate people...
...Then there's the free shipping that's often offered, which experts believe cannot be offered forever. "If energy costs go up and transportation costs continue to rise, that's got to get paid for," says Bill Martin, co-founder of ShopperTrak, a research firm that tracks shoppers...
...Both sides need to guard against overstating the extent to which the landscape of the international order has changed and against treating China's rise as a more exotic development than it actually is. Keeping these four things in mind should help...
...Whenever we think about how China's rise is sending shock waves through the international order, we should remember that this has happened before. From the 1890s to the 1910s, a continent-sized country was ascending. It claimed to hate imperialism yet wasn't above extending its control over territory. It had a tendency to go it alone, and made other powers nervous. That country was the U.S. (See pictures of China...
...While Washington and Beijing seem very much at odds just now, we shouldn't let their current state blind us to how intertwined they have become, nor to parallels between America's rise at the start of the last century and China's at the start of this one. Whether they like it or realize it, their relationship is truly one thing too big to fail...