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...From a macroeconomic point of view, better balance is Asia's most urgent priority. Central to that rebalancing will be the long-awaited emergence of the Asian consumer. For a region steeped in a culture of saving, this will not be an easy transformation. Here again, China undoubtedly holds the key. Its legendary excesses of precautionary savings are traceable to two major developments: massive layoffs associated with over 15 years of state-owned enterprise (SOE) reforms and the lack of an institutionalized social safety net. With SOE reforms likely to be ongoing - albeit probably at a slower pace...
...Heritage Trail in Michigan, her home state. She thinks green corridors could resuscitate Main Streets in Michigan and across the country. "This could be a small boon to local merchants, healthy-café owners, bed-and-breakfasts," she says. "We just want everyone to slow down and enjoy the view; the road is like a destination itself." (See the top 10 green ideas...
...first time, as a 2009 winner of the Nobel Peace Prize. With a grim visage that seemed more appropriate for a runner-up than the winner of such a prestigious prize, Obama did his best to deflect the honor. "Let me be clear," he said. "I do not view it as a recognition of my own accomplishments but rather as an affirmation of American leadership on behalf of aspirations held by people in all nations ... This award must be shared with everyone who strives for justice and dignity...
...like peacemaking. The Taliban is currently winning the war, and persuading it to settle for anything less than total victory may require that the insurgents are bloodied to the point that they're disabused of the belief that they can win on the battlefield. So, under the most optimistic view, troops reporting to Obama will be spilling and shedding blood in Afghanistan for years to come. (See pictures of the U.S. Marines new offensive in Afghanistan...
...excitement in the Islamic world that might have been aroused by the U.S.'s electing its first President with a partly Muslim family background has long since passed. Even then, the more predominant view had been a jaded one, which held that no matter who is in the White House, America's pro-Israeli policies always stay the same. But expectations were raised after Obama's Cairo speech gave as much respect to Palestinian grievances and aspirations as to the Israeli perspective. Still, the Arab and Muslim worlds are waiting for Obama to deliver on those expectations. And they have...