Word: rising
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...scene this vibrant, it's hard for any act to rise above the clamor, but Up Dharma Down might just be doing so. Beloved of air-punching fans and chin-stroking critics alike, this genre-defying quartet was pegged by BBC radio DJ Mark Coles last year as the Manila band most likely to cross over to the lucrative Anglophone market of North America. Its internationally viable sound shouldn't come as a surprise to anyone who knows the environment it sprang from. "The Philippines is used to following global music trends," says Toti Dalmacion, Up Dharma Down's manager...
...should the West respond to the economic metamorphoses brought about by the rise of India and China? Those who fear they will be hurt by the changes at hand usually call for protectionism. Those who expect to benefit tend to insist that the free market instead be given free rein. Neither option works very well. In the U.S. as well as in Europe and other developed economies, every job moved offshore leaves a tiny hole in the fabric of middle-class life. There are gains to the world economy, but those are not so immediate as the pain...
...rich countries of the world, two nations with more than a billion people each have suddenly embraced capitalism and rejoined the world economy. Hundreds of millions of poor people have been lifted from desperate poverty as a result, and the West should not try to stop the rise of India and China. But the powerful, swift changes in the global economy will also trigger strong repercussions in the West. So nations such as the U.S. need to strive to create new jobs and to weave a stronger safety net ahead of the inevitable losses of employment...
...automated assembly lines, and when the U.S. Rust Bowl was hollowed out in the early 1980s." Former U.S. Treasury Secretary Robert Rubin agrees, but when he talks about the economic challenges facing the U.S., his tone takes on an edge of frustration. Rubin isn't really worried about the rise of India and China. He's worried about the U.S. "What we've really got to do is get serious," he says. "We have to address the various challenges we have and create the best possible environment in this country." Rubin reels off a rather gloomy list of what...
...break out the champagne when it becomes the world's tallest skyscraper. "I don't think there will be anything in particular; it'll be another day in the office," he says. And then he returns to the job of building this dizzying monument to the rise of Dubai...