Word: shanghaiing
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Talk about déjà vu. On July 29, the Shanghai Composite Index fell 5%, setting off panic selling in Hong Kong and dinging even the Dow. But Chinese stocks rebounded 2.7% the next trading day, the steepest rise in two months. Fast forward to Aug. 31. The Shanghai index dropped 6.7% that day, causing panic around Asia and even in distant markets like...
...energy - and New Orleans just happens to provide an excellent opportunity to try that in an urban environment that needs to be rebuilt from the ground up. Nor will it be the last major city to be menaced by rising seas - from New York to London to Shanghai, most of our major metropolises are built next to an ocean, and it's only a matter of time before the next superstorm hits. If we can build back New Orleans in a way that is both sustainable and resilient, capable of surviving another Katrina, we all might be better prepared...
...drive toward development cannot be denied-after the demise of Maoist ideology, growth is the key base of legitimacy for the ruling Communist Party. But it can be harnessed and made compatible with environmental protection. In the words of Shanghai-based environmental lawyer Charles R. McElwee, "the old-fashioned green" of money has become equated with "the new green" of such industries as alternative fuels and energy-efficient materials. That's not as far-fetched as it sounds. In fact, as the Climate Group outlined in an August report, China is already a global leader in environmental technology...
...Delhi High Court recently struck down as unconstitutional a 149-year-old law criminalizing homosexuality, in a judgment so eloquent in its support of gay people's right to dignity that some wept in the courtroom as the last pages were read. In China this summer, Beijing and Shanghai hosted gay and lesbian festivals with little official interference - an achievement in a country where mass gatherings of any kind are tightly controlled. Tolerance isn't measured by any official statistic, but it's there in many forms - gay characters on television and in films, openly gay celebrities and gay public...
...Some modest success followed in the form of a few victories, mainly on the Asian tour. But intriguingly, last weekend's USPGA wasn't the first time Yang had beaten Woods: he had done the same at the 2006 HSBC Open in Shanghai. Yang's father believes that was the critical stepping stone to the victory on Sunday. "He beat Tiger once. He knew he could beat Tiger again," Han-joon tells TIME. "But more importantly, he thought he had nothing to lose in a match against the world-famous Woods." (Watch a video of Tiger Woods playing Wii Golf...