Word: shiftings
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...total savings. High levels of government and business savings also contribute. China's central bank, for example, holds more than $1 trillion in foreign currencies and securities. Moreover, the widely held view of China as a nation of supersavers appears to be increasingly out of touch with reality-a shift that has dramatic implications for the global economy...
...Clearly, this is not a picture of a population obsessed with dire financial scenarios. In coming years, this shift to a culture of consumption can be counted on to boost Chinese imports, contributing to more balanced global trade and putting Messrs. Paulson and Bernanke more at ease. Meanwhile, the aspirations of Chinese to improve their living standards, seek better education for their children, invest their growing wealth in new ways and savor a more worldly lifestyle will present huge opportunities for companies nimble enough to take advantage of this profound cultural change...
...song’s harmonic arms while the brontosaurus beat stomps forward. The tracks rotate upon revolving choruses and repeating lines (e.g. “There’s no harm / There’s no harm / There’s no harm done”) but the circles shift sufficiently to make the songs interesting. Slow harmonic builds like the one at the end of “Sleep in Splendor” are what redeem this disc from the oblivion of sonorous boredom. And thank goodness that almost midway through the disc, the rolling guitar...
...inquisition by MPs in the House of Commons on Wednesday, his opponents sought to highlight splits opening within Labour ranks as its pols jockey for position in anticipation of the Prime Minister's looming departure. But it was a deeper gulf that yawned as Blair used the occasion to shift Britain's Iraq strategy, announcing a planned reduction in troop levels by 1,500 over the coming months from some 7,100 at present, with the aim of pushing overall numbers below 5,000 by the end of the year. Answering unspoken accusations that this signaled a rift with Washington...
...schemes to wean farmers off growing drug crops like coca. But support for that aid in the Democrat-dominated U.S. Congress is far from a done deal. Several U.S. lawmakers had already expressed reservations about the Bush administration's 2008 budget request for Colombia, which they had hoped would shift its focus to supporting social programs rather than continuing a militaristic approach. Instead, the Bush administration's request is 76% military. With the paramilitary scandal now touching Uribe's cabinet, U.S. lawmakers will be even more wary of digging deep into American pockets...