Word: unioneering
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...anxiety over APEC's economic future has rejuvenated an idea once dismissed as unwieldy and unrealistic: the knitting together of a free-trade zone, similar to the European Union, straddling the Asia-Pacific region. Proposed by APEC's Business Advisory Council, this zone would include most of Asia (but not India) and a sliver of Central and South America, as well as big non-Asian economies like the U.S., Russia and Canada. If all of APEC's member countries participated - a big if - its combined annual GDP would be $37 trillion, 21/2 times that of the E.U., the world...
...industrial economies like South Korea. Another commonly cited impediment is cultural diversity. "Europe is in a sense a single civilization; Asia is not," says Ravi Menon, Permanent Secretary of Singapore's Ministry of Trade and Industry. Others question whether Asia's institutions are robust enough for an E.U.-style union. "Are political institutions mature enough in Asia to do what Europe did?" asks Cem Karacadag, a Singapore-based economist with Credit Suisse...
While the jokes may have amused many students, the blatant sexual innuendos have turned off some voters. A member of the Radcliffe Union of Students—a feminist group on campus—expressed her concerns over the RUS e-mail list regarding the campaign’s use of the phrase “Long-Johnson never takes no for an answer...
There is a long history of Chinese officials censoring the comments of U.S. presidents. In 1984 when President Ronald Reagan gave a speech in Beijing, state-run China Central Television cut portions that referred to the Soviet Union, religion and democracy. During Obama's inaugural speech in January, China's state television cut away when the president referred to previous American generations that had faced down communism. The line that followed was also edited from television broadcasts and from transcripts on many Chinese news portals: "To those who cling to power through corruption and deceit and the silencing of dissent...
...think the [China miracle] story is getting harder and harder to believe," Chanos said on CNBC in September. "You have to keep in mind that the last command economy that really saw this kind of growth was the old Soviet Union and what happened was the misallocation of resources into inefficient plants, dams that burst, nuclear plants that had accidents and so on and so forth, as well as the fairly large defense budget," he said. "China's heading the same...