Word: tolls
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...Transport Commission white paper throws up some interesting ideas, the aim being to slash the road toll by 2010. Among 60 proposals are common road signs throughout the 15 E.U. countries, common fines for similar offenses, tougher laws to protect cyclists, signaling frequent crash sites, more research into airbags and tires, fitting all cars with black boxes like those in aircraft. Sounds good. But doesn't it nearly all come down to attitude? One bumper sticker I remember from my youth in Australia just said, "Courtesy is Catching." It is. Another read, "Better late than dead on time." There...
...yellow flags emerging? Sure. Last month's 3.6% downturn in housing starts and 11.7% drop in existing-home sales came just after homebuilding companies like Toll Brothers and Ryland saw their stocks sag for the first time in a year. But keep in mind that contractors and banks became more cautious about overbuilding after they were scorched in the savings-and-loan fiasco of the late...
...meltdown in Latin America continues to take its toll much farther afield. Case in point: Spanish companies, which are feeling an ongoing pinch from their investments in the region. As if Argentina's collapse and Uruguay's wobbles were not worrying enough, some of Spain's biggest names are also taking a clobbering because of their exposure to Brazil. Over the past 10 years, Spanish firms have poured more than €50 billion in Brazil - double the amount invested in Argentina - particularly across the telecom, banking and energy sectors. But the Brazilian real has gone into a downward spiral...
...from Shanghai to the central city of Chongqing, because of protectionist fees imposed by provincial governments. Earlier this year, a U.S. automaker discovered that sending a sedan from Shanghai to northern Ningxia province is more expensive than shipping it from Detroit to Shanghai because truckers have to pay a toll?read bribe?every time their load of new cars crosses a provincial border. An Australian lawyer in Shanghai says she discarded her copy of the Chinese legal code when it became clear local party officials were ignoring national regulations. "No one seems to pay much attention to laws," she says...
...That was the season when hundreds of people in the western state of Gujarat were killed in India's worst Hindu-Muslim clashes in a decade. The killings began on Feb. 27; after 72 hours of complete mayhem, violence continued to flare for almost six weeks. The unofficial death toll now exceeds 2,000, and the vast majority of the dead are Muslims. Women's groups and human-rights organizations like the Citizen's Initiative have published scores of testimonies from eyewitnesses claiming that women were gang-raped. Tens of thousands of Muslims fled their homes to more than...