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...Another - a recent product of its economic surge - is long-term access to the oil, gas and minerals needed to fuel the country's growth for decades to come. Iran, from whom Beijing now buys a tick over 400,000 barrels a day (about 14% of China's total oil imports), is clearly part of that future. But U.S. Secretary of State Hillary Clinton recently called out Beijing in public to get off the fence and sign on to new, tougher sanctions against Tehran at the U.N. In so doing, she used China's dependence on oil from the Persian...
...issues. "It's only when the tide goes out that you learn who's been swimming naked," investor Warren Buffett has said. The U.S. has none of the currency difficulties of the PIGS. We do have a government deficit expected to hit 10.6% of GDP this year and a total federal debt that will cross 100% of GDP in 2012, according to White House projections. The rolling crisis of the past three years has been an embarrassing exercise in exposing the financially underclothed. It doesn't appear to be over--and the U.S. isn't what you would call well...
...sustain. California lawmakers decided last month to cut the number of state prisoners by 6,500 in the coming year. Other states are already at work, on a smaller scale. In 2008, the most recent year for which data are available, 20 states reduced their prisoner counts by a total of nearly 10,000 inmates. As a result, according to the Justice Department, the number of state and federal prisoners grew by less than 1% nationwide - the smallest increase in nearly a decade. (The number of blacks behind bars is, in fact, falling as the rate of incarceration among African...
Finally, the women’s team faced the Big Red and won handily again. Harvard rode an 8-1 sabre victory and two 5-4 scores in the other categories to a total winning margin...
...signed an agreement for enhanced cooperation in the Mexican capital this week, declaring that "the collaboration between Mexico and the United States has never been stronger." The latest accord follows a hike in funding for the so-called Mérida Initiative to beef up Mexican security forces. In total, the U.S. has pledged $1.6 billion worth of equipment and training for its neighbor, including eight Black Hawk and 13 Bell helicopters for Mexico's army and federal police...