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...sank to 7552? A further decline of 5% or so from Thursday's lows would put the market back near the November bottom. For stock-market technicians, a so-called double bottom, or return to prior lows, can be a healthy sign of base-building, which can set the stage for a sustained advance. But there are special risks related to any such swoon this time around: Bank stocks are among the market's weakest, and a further drop in their shares could place these institutions in jeopardy. Further, another steep decline in stocks could trigger a new round...
Counting revenues of some $3.5 billion a year, Televisa is headed by Emilio Azcarraga Jean, 40, who inherited the empire from his father Emilio Azcarraga Milmo, who was known as "El Tigre" because of his white-streaked hair and fierce character. The network catapulted onto the world stage by exporting its steamy telenovelas, which have been translated into more than 50 languages from Korean to Romanian. Critics lambasted the network for giving uncritical support to the government during decades of one-party rule. However, since the advent of multiparty democracy in 2000, Televisa has given fairly equal airtime to competing...
...Unsurprisingly, several big-name Chinese companies on the international stage - Lenovo, Alibaba, Sina and Haier - registered many of their operations as foreign firms, accessed Hong Kong's capital market and legal system and thus succeeded not because of the regime's economic conduct but in spite of it. For reinforcement of the mainland's shortcomings, Huang points to Shanghai, where the mushrooming Pudong skyline masked a poor record on innovation and a lack of private-sector companies of note (its greatest success story, e-commerce star Alibaba, fled to Hangzhou in the neighboring and more entrepreneurial Zhejiang province...
...Huang asserts that only more developed property rights, transparency and democracy will allow China to move to the next stage of economic development - but he does so almost in passing and one longs for more substance on these points. Thankfully, his rearview vision is far more fleshed out. As a look at China's entrepreneurial economy in the 1980s and 1990s - and as a counterpoint to the common misconception that China is steadily evolving into a more market-oriented economy - this book is unparalleled...
...hearings begin just the latest stage in Clinton's ongoing evolution as a political celebrity. From the powerful, embattled First Lady and junior Senator to the hard-nosed, hard-luck presidential contender, Clinton is now set to emerge as Barack Obama's top diplomat, charged with managing multiple crises that threaten the success of his presidency. (See the members of Obama's White House...