Word: tradings
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...passing one another going in opposite directions. Deng Xiaoping, who ran China after Mao had become a tourist attraction lying in a glass box in Beijing, began moving the country to a capitalist economy. By the time he died in 1997, China had begun vigorous trade with the outside world leading to remarkable years of GDP growth. (See pictures of China's electronic waste village...
...political and economic geography" before he leaves office in December 2010. It may be futile to stump for a permanent Brazilian seat on the United Nations Security Council, but the developed world's financial shambles has made Lula's campaign to challenge U.S. and European hegemony in global trade talks less quixotic - and enhanced Brazil's leadership role among developing nations. "Capitalism will be a different animal once the turbulence is over," Lula told TIME. "Developing countries will be responsible for a major percentage of world economic growth...
...snowfalls. (Northstar-at-Tahoe, in the Sierras, clocked in with 3 ft. of new snow March 4-5.) So while revenues have slipped - particularly at retail shops and restaurants - fewer people are fleeing skiing than you'd think. Michael Berry, president of the National Ski Areas Association, an industry trade group, projects that total lift-ticket purchases will decline 5% to 6% this season. (See pictures of Bode Miller, the renegade Alpine skier...
...years, Scott Swanay ’87 made a living predicting the future.No, the tools of his trade weren’t decks of cards, crystal balls, or maps of stars and constellations.Swanay worked as an actuary for insurance companies, and armed with spreadsheets, formulas, and a degree from Harvard in applied mathematics and computer science, it was his job to analyze what had already happened in order to figure out what was to come.Then, in 2004, everything changed when Swanay was laid off for the second time in his career as a result of a corporate merger. Contemplating...
...people took to the streets of Dublin. Most were civil servants protesting a levy on public-sector pensions, which the government says will save the country $1.2 billion. Unions are currently balloting members on a planned general strike for March 30, with the head of the country's trade-union umbrella group warning of a "doomsday situation" should the government fail to introduce a recovery plan that gains the support of social partners. According to the most recent opinion polls, only 10% of Irish voters say they have confidence in Prime Minister Brian Cowen's government. "People are very, very...