Word: rising
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...Moore, it's not a matter of heart. He strongly favors reform. "The American people have spoken, and they clearly want a better health-care system," he says. "If we don't act this year, costs for everyone are going to rise." The problem is runaway spending. "Voters want us to get some kind of a lid on costs," he continues. "They aren't looking for a huge tax increase. Small businesses are struggling to make ends meet...
...just another in a series of problems facing the city. Over the past year, there has been a spate of car burnings in the capital, teachers have written public letters to the authorities complaining about the poor standards at city schools, and youth violence has been on the rise. And the city council is struggling for money after running up new debts this year to the tune of $1.3 billion, bringing its debt total to $85 billion...
...movie calendar is weird. The summer blockbuster season begins the first week in May (this year: Wolverine), reaches its twin peaks the weeks of Memorial Day and July 4, then gradually subsides. We're still in midsummer, yet there's only one ginormous action adventure (G.I. Joe: The Rise of Cobra) awaiting release, and not a cartoon hero or a dinosaur - or a cartoon dinosaur - in sight. Suddenly it's the time of real people learning how to cope with recognizable problems. The Hollywood kind of problems - the ones that can be solved in under two hours...
...most discouraging news remains Citi's loan portfolio. The bank's costs for bad loans jumped in the quarter by 81%, to $12.4 billion. The percentage of loans the company expects to go unpaid also continued to rise, though slightly less than before. Still, Citi's loans are going bad faster than those of many of its rivals. In the third quarter, the bank had a so-called net charge-off ratio, which is the percentage of loans that are likely to not be paid back compared to total loans, of 5.1%, according to CreditSights. That compares to a charge...
Other parts of China are witnessing similar disaffection among angry young men. But Xinjiang is like Tibet in that it has a sizable non-Han population. Unrest in these two regions conjures up one of the Chinese leadership's worst nightmares: the rise of a separatist movement that would break up the country. Given the enormous economic and social challenges China faces, Beijing values stability above all and will do practically anything to maintain...