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...square feet of offices as well. Industry analysts estimate that India has less modern urban office space than a single large American city. "It's not a bubble," says Arjun Divecha, the California-based manager of investment firm GMO's $15 billion emerging-markets fund. "The reason prices have risen so rapidly is that there has been so little increase in supply. If you look at the experience of other emerging markets, the real wealth escalator has been real estate, and I expect the same in India...
Though recruitment rates have risen from 600 to 2,000 a month, re-enlistment is still a problem. Only half the soldiers renew their contracts once their three-year tours are up. Many Afghans say their $100 monthly salaries are less than what they can make growing poppies or smuggling. The escape rate, the equivalent of going AWOL in the U.S., is an ongoing headache for both the American and Afghan commanders. After a grueling tour in eastern Afghanistan, Waris sent his men home for a month's holiday. Six weeks later, they were still trickling back to their base...
...China for alleged currency manipulation, illegal subsidizing of exports and violations of intellectual property law, have been circulating in the Senate for months. But since the recent health scares over toothpaste laced with antifreeze and tainted pet food from China, the anti-China sentiment on Capitol Hill has noticeably risen. So much so that Treasury Secretary Henry Paulson is about to head to China to raise "issues of concern to the U.S. Congress" with Chinese officials, including Chinese Premier Hu Jintao...
...children were expected to see their teens. But today, 1 in 1,000 young adults in the U.S. is a childhood-cancer survivor. Since the 1970s, the chance that a child would live for five years after a diagnosis of leukemia or lymphoma, the most common childhood cancers, has risen steadily, from an average of 25% to more than 80% today, outpacing recovery rates for most adult cancers...
...Conventional Forces in Europe Treaty (CFE) - a key European arms control treaty that has been regulating the deployment of troops and the monitoring of weapons systems on the continent since 1990. Still, the Kennebunkport meeting was full of good cheer, great fishing and conciliatory hints that these newly risen U.S.-Russian tensions would soon ease...