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...become part of a way of life - the anger, the hate, the vitriol ... They've now fired a shot at my house while my wife was standing next to the car. It's become something else." - Saying his critics have launched an "unrelenting" harassment campaign against him because of his controversial views (New York Daily News...
...much on expensive items like high-speed rail lines. But step back from the individual infrastructure projects and the debates about whether a given investment is necessary, and what's palpable in China is the sense of forward motion, of energy. No foreigner - at least not one I've met in five years of living here - even bothers denying it. And the Chinese take it for granted. When a brand-new six-lane highway opened in suburban Shanghai in October, Zhong Li Ping, who shuttles migrant workers to the city and back to their hometowns, said, "I don't know...
...They've come here because they want to target women and children in Asia with products that kill," says Bangorn Ritthiphakdee, director of the Southeast Asia Tobacco Control Alliance, a civil-society group, referring to attendees of Tabinfo 2009, a three-day conference organized by Tobacco Reporter, a U.S.-based magazine. "Their presence is a nightmare. We came to tell them they are not welcome here." (Watch a video about France's smoking...
...Save More You've now heard it so many times, you can probably repeat it in your sleep. President Obama will no doubt make the point publicly when he gets to Beijing: the Chinese need to spend more; they need to consume more; they need - believe it or not - to become more like Americans, for the sake of the global economy...
...China, the household-savings rate exceeds 20%. It is partly for straightforward policy reasons. As we've seen, wage earners are expected to care for not only their children but also their aging parents. And there is, to date, only the flimsiest of publicly funded health care and pension systems, which increases incentives for individuals to save while they are working. But China, like many other East Asian countries, is a society that has esteemed personal financial prudence for centuries. There is no chance that will change anytime soon, even if the government creates a better social safety...