Word: weakness
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...There are weaknesses to Beijing's great plan. For example, cheap Chinese goods flooding the continent sacrifice African jobs, sparking a backlash against the Chinese presence. Corruption is serious, institutions are weak and political risk in various African countries remains high, meaning the possibility of social and economic breakdown is real. No one will bet their house on continued growth in many African countries. But the West should take note: China has a plan to seize the advantage should the African consumer take flight...
...film's few weak moments are the ones that dovetail with typical inspirational stories. Precious' teacher at her new alternative school is Blu Rain (Paula Patton), and she's as dreamy as her name suggests. She's also kind and patient, except where bureaucracy is concerned; then she's feisty and political. The classroom is filled with societal castoffs, and the scenes there have an unwelcome touch of Welcome Back, Kotter. Precious seems to have an easier time trusting the situation than...
...health reform in the House of Representatives, vows that "there will be hell to pay" if his language gets stripped out of, or weakened in, the final legislation. Senate moderates like Ben Nelson and Kent Conrad have stopped short of demanding the exact Stupak language, but have warned that weak abortion restrictions could force them to vote no on health reform. Abortion-rights advocates, who are still stunned by the last-minute deal that House Speaker Nancy Pelosi made to allow a vote on Stupak's controversial measure, claim the provision will greatly limit the availability of abortions, especially...
...Many economists argue the low value of China's currency helped contribute to the global imbalances that precipitated last year's financial crisis. China has rejected that idea, and instead points the finger at the U.S.'s profligate spending and weak control of financial markets. Obama is expected to raise the renminbi issue during his visit to China, but with China trying to prop up an export sector that has suffered from the downturn, there is little hope that it will allow its currency to appreciate anytime soon...
Still, policymakers must tread carefully. With exports improving but still weak, exiting stimulus measures too soon could derail the economy's recovery. Even restraining the property market could affect growth, since investment in the sector - which accounts for a full 10% of GDP - has been a key driver of China's overall economic rebound. Investment in property jumped nearly 18% in the first three quarters of 2009 from the same period in 2008. (Read "China's Own Version of the Real Estate Bust...