Word: tightenings
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...false alarm. Rumors had swept the trading floor that China was going to tighten money supply. That night, the central bank reaffirmed its loose monetary policy that is meant to support economic growth and pledged to refrain from imposing loan quotas to control bank lending. The next day, the Chinese banks that were said to be cutting back on credit denied they would do so. On July 31, the Shanghai index rebounded 2.7%, the biggest rise in two months; China stocks in July rose 15%, the largest monthly gain since 2007. (See pictures of China's infrastructure boom...
...challenge for China is to keep wasteful spending at tolerable levels, to eventually exit the stimulus program without stalling economic recovery, and to tighten monetary policy sooner rather than later to avert runaway asset bubbles - but without killing the markets. It's a difficult balancing act, as last week's near meltdown in Shanghai shows. Having gone through the crucible of the 1997 Asian financial crisis, China's planners may be up to the task. Still, they need to be reminded now and again that ham-handed or poorly timed policymaking will hurt not only their economy, but also...
...Amid fears of an imminent attack, German law-enforcement agencies are jittery and are set to tighten security at the country's airports and borders. Although government officials claim that Germany is well prepared to prevent a terrorist attack, the next few months leading up to the election will be tense times...
...cold, hard cash. Traffic injuries cost a whopping $518 billion a year. Poor countries generally spend more money responding to car accidents than they receive in development aid. The WHO offers a series of intuitive fixes for this growing problem: buckle down on speed limits, reduce drunk driving and tighten seat-belt laws. With pedestrians, cyclists and other "vulnerable road users" accounting for 46% of all traffic deaths, the report concludes that more research on road planning and design is needed as well. A scourge as lethal as many contagious diseases, car crashes are just as preventable. There's plenty...
...than half of the world's vehicles, low- and middle-income countries account for more than 90% of traffic fatalities. But the economic findings are more surprising - and they're worth paying attention to. The WHO offers some intuitive fixes: buckle down on speed limits, reduce drunk driving and tighten seat-belt laws. Others are less obvious - particularly the recommendations that tackle car safety by focusing on pedestrians and "vulnerable road users." More analyses of land use and road design are needed. Otherwise, walking remains unsafe at any speed...