Word: stilles
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...legislation, such as lowering the impact of an excise tax on high-value insurance plans and stripping out some sweetheart deals like the now infamous cornhusker kickback, using a process known as budget reconciliation. Such changes would be filibuster-proof in the Senate, though that process could still drag on a while if Republicans choose to draw it out with objections and amendments. Even so, it will be an anticlimax to Sunday's historic House vote, which will send the underlying Senate bill to President Obama's desk for signature. (Watch TIME's video "Uninsured Again...
...India still has to start the industrialization of its society - a process that China began well before. Inevitably, there will be a fierce contest for raw materials, mainly in Asia. We see this already happening in Burma, in parts of Central Asia, Africa and elsewhere. This is only going to become fiercer. It's also a myth that somehow the two economies, with their different strengths, will be able to complement each other in the long term. India has to turn to manufacturing and China is not going to give up suddenly its own industries. They're too important...
...China visitor Tom Albanese, the American CEO of the Anglo-Australian mining giant Rio Tinto, for which China is now the largest market. On the same day that Google switched off its Chinese filters, four of Albanese's employees went on trial in Shanghai on corruption charges. If he still believed (as many in the foreign business community did when the four were arrested in 2009) that the trial was retribution for a soured deal with Chinalco, China's huge state-owned aluminum producer, he wasn't showing it. He wasn't even in Shanghai but in Beijing, making...
...China can hardly be blamed for favoring its own. Although it has managed to pull through the global crisis of the past two years better than virtually anyone expected (including, truth be told, Beijing's own leadership), its top export markets are still weak, and that is fostering a powerful drive toward boosting domestic consumption. The country also feels threatened by calls - most prominently made by U.S. President Barack Obama - for the renminbi to better reflect market fundamentals. In the past, U.S. Treasury Secretary Timothy Geithner has outright accused China of manipulating the renminbi and most (though not all) economists...
...Still, homeless earthquake survivor Joanne St. Leger, 30, is happy to see both Clinton and Bush in Haiti and trusts they will help make a difference. "We wouldn't find anything if it wasn't for foreigners," says St. Leger. "We've been here for three months outside this Presidential Palace, and [Haitian President René] Préval has never come to see us." (See a TIME video with former President Clinton speaking on what Haiti needs...