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...could do worse than to begin with some form of regional government. During Young's reign and for many years thereafter, the possibility of city-suburban cooperation - which is to say, black-white cooperation - was close to nil. The black city didn't want white suburbanites telling it what to do, and white suburbanites had no interest in assuming the burden of a black city. (Read a TIME postcard from Detroit...
...Brooks Patterson, the long-serving and exceptionally able chief executive of suburban Oakland County, a prosperous community that borders Detroit to the north, represents the latter view well. "They say, 'As Detroit goes, so goes Oakland County,' " Patterson said a few weeks ago. "Not true!" He apparently believes that Eight Mile Road, the fabled thoroughfare that defines Detroit's northern border, is an impermeable membrane insulating his county from the city's ills. But Patterson knows that Oakland's prized AAA bond rating is in peril because the rating agencies are mindful of the county's proximity to Detroit...
...luxury residential market, however, is getting a special boost. Local property agents say prices are being driven higher by buyers from the Chinese mainland. Wealthy Chinese have ample cash and easy access to low-interest loans because of the government's loose monetary and fiscal policies, which were implemented last year to fight the recession. Buyers are looking to invest close to home, and despite China's restrictions on moving capital beyond its borders, that often means acquiring assets in Hong Kong. (The former British colony belongs to China but has a separate system of government and a more open...
Still, it's a notable change for a country that's been playing its cards tightly on the diplomatic stage. The U.S., after all, has yet to say for sure how much it is willing to cut its own carbon emissions, thanks to the slow movement of the Senate, which still has yet to fully take up a cap-and-trade bill. Both countries will need to do more - much more - if the U.N. climate-change summit in Copenhagen is to be a success, and they'll need to be more straightforward. But as the EDF's Yarnold said...
...Tuesday at the U.N. General Assembly in New York City, Hu made a widely anticipated speech on climate change, finely calibrated for diplomatic effect. He was nothing if not cautious, saying - accurately - that China was in the process of increasing its energy efficiency, reducing the amount of energy required to produce a unit of GDP. Indeed, China's energy efficiency has improved in each of the past two years, a trend likely to continue, because a huge surge in investment in energy-intensive industries like steel and cement in the early part of this decade has run its course...