Word: totaled
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Dates: during 2000-2009
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...vitriol against immigration reform and the Sotomayor appointment. In 2008 the GOP's anti-immigration stance helped drop John McCain's share of the Latino vote to 31% - a 13-point plunge from the 44% George W. Bush won in 2004. Barack Obama not only won 67% of the total Hispanic vote last year, but he got a stunning 57% of that bloc in Florida, where the conservative Cuban-American vote usually holds sway...
Every night at 11 p.m., the village of Dörentrup in central Germany is thrown into total darkness. Strapped for cash for the past few years, the local council has taken to switching off all the streetlights. But while the scheme saves money, it left residents like Dieter Grote and his wife worrying about their children coming home in the dark. "My wife has all the good ideas," says Grote, who runs an advertising agency. "I discussed the problem with her and we thought it must be possible to have the lights available on demand." Grote got in touch...
...giving great gobs of money to state-owned banks that, with Beijing's forceful encouragement, are lending to state-owned companies participating in infrastructure construction. Skeptics are frightened by the amount of cash being shoveled out the doors. The central bank recently announced that new loans in June totaled $224 billion. That was more than double the previous month's amount and brought new bank lending in the first six months of the year to nearly $1.1 trillion, exceeding the total...
...this [crisis period] with eyes wide open," says Barber, recognizing that loans being granted in a relatively weak economic climate could start to go bad in droves. The country's once shaky financial sector was cleaned up several years ago - in 2007, nonperforming loans amounted to just 3% of total bank assets - and vehicles set up to deal with China's last banking crisis still exist. In other words, Beijing thinks its financial system is strong enough to handle the risks of its very loose monetary policy...
...unfold and China's economy continues to power ahead, it will probably not, on its own, be enough to drag the rest of the world into a recovery. Size matters. The U.S. has a $14 trillion economy; China's is $4.4 trillion. The U.S. accounted for nearly 21% of total global GDP last year; China just 6.4%. Chinese consumption, in other words, is growing - but is still insufficient to lift the world's advanced economies out of recession. Consumer spending drives less than 40% of China's GDP; in the U.S. before the bust, the consumer accounted for almost...