Word: savingly
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...account for almost three-quarters of the world's economic growth. Not surprisingly, China has now become the focus of a world that is looking for a way out of the swamp. As Shanghai-based economist Andy Xie puts it, "Everyone wants to know the same thing: Can China save the world...
...engine remains sidetracked. The IMF predicts the U.S. economy will contract 2.6% this year. American home prices continue to fall in some cities, while the unemployment rate has soared to 9.5%, the highest since 1983. The U.S.'s much ballyhooed stimulus plan has so far yielded little measurable benefit, save putting some spark back in stock markets. The absence of real signs of recovery has Washington discussing the possibility of yet another round of stimulus spending, despite a ballooning federal budget deficit...
...Fast still, the best possible answer to the question of whether China can save the world is: Not yet. Plenty of economists doubt that China's economy is as sound as it appears or truly on the road to a sustained recovery. And many more dismiss the chatter about China as the world's economic savior as hopelessly premature...
...afford a Volkswagen or a Buick, let alone a BMW. Even as China's consumers feel richer, their share of its economy may not change much until Beijing enacts reforms to the health-care and social-security systems, steps that would give people more confidence to spend rather than save. Last year, says Peking University's Pettis, China's consumption was about the equivalent of France's. No one is calling on France to save the world. (Read "China's Auto Bailout Takes a Different Route...
...help others achieve mental order by becoming a psychologist. Already, he is working to make people healthier. As a peer sex educator employed by Henry Street, he journeys around New York City to give workshops on HIV/AIDS. He takes his job seriously. When I remarked that his workshops might save a life, he replied quickly: "Probably more." (His message, he said, would spread fast...