Word: soares
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...market expected to soar, Bangladesh alone could lose a million textile jobs, warns John McGhie of Britain-based Christian Aid. But there's also concern for producers closer to home. The E.U. took in around 20% of global textile and clothing imports in 2002. With China already the bloc's biggest supplier, the end of quotas "will have serious consequences for the European industry," says Bill Lakin, director-general of European trade body Euratex. Brussels could yet trigger safeguards should Chinese imports explode. You can be sure it won't need 10 years to do so. The Schroders' Pet Project...
...bigger factor, says Shropshire, may be the class differences between fans and players, particularly as star salaries soar ever higher. "The working-class guy who has pulled together the money to go to that game is spending a significant portion of his income," he says. "And the most visible thing he sees is that his money is going to the salaries of these players." Stern calls that ridiculous, arguing that fans still consider athletes their heroes. (Just look at this year's Boston Red Sox.) "Nobody is saying Shaq [O'Neal] and Kevin Garnett don't deserve the salaries they...
...greenback still has plenty of room to fall. Those fears were exacerbated last Friday when Federal Reserve Chairman Alan Greenspan said that international investors would "eventually adjust their accumulation of dollar assets"-which means sell them-or "seek higher dollar returns"-which means that U.S. interest rates might soar. Rising interest rates could lead to loan defaults and a reduction in consumer spending, which could easily plunge the U.S. into a recession...
...allowed to muddy the pristine waters of American academia any longer. That is why the Yale Corporation should make the prudent business move in our increasingly globalized world and outsource sucking. Set up a Yale in Malaysia, pay your professors in grams of lint and watch the profit margins soar. Yale might even be able to compete with Harvard’s endowment, but only if it could teach its “students” to sew knock-off Harvard hoodies on the side. In any case, Yalies currently huddled behind New Haven’s neo-gothic would...
Yang's globe trotting reflects just how powerful China's thirst for fossil fuels has become. A booming but energy-inefficient economy and an emerging middle class in love with cars and other modern conveniences have caused energy demand in China to soar. The nation's oil imports have doubled over the past three years and surged nearly 40% in the first half of 2004 alone, pushing the country past Japan to become the world's second largest oil consumer, behind...