Word: welled
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...argumentative democrats of the West. That's exactly why Beijing's recession-busting stimulus plan proved more effective than Washington's. With no political debate to get in the way, China's bureaucrats splashed money everywhere to toss up shiny new infrastructure. The slumping economy needs more credit? Well, that's easy - if you own the banks. Just open a spigot and watch the money flow. China's government can also push ahead on important long-term projects with greater speed. While health care reform in the U.S. languishes in Congress, China is building an extensive health care system...
...firmly protected by the Bill of Rights, waxing poetic about the virtues of dictatorships. What they're forgetting is the frightening downside to China's authoritarian state capitalism, and not just in terms of human rights. China's stimulus program might have produced growth, but it could very well have undermined the health of the banking system. The Chinese economy is riddled with excess capacity, inefficient state enterprises and asset bubbles...
...same can be asked about the state role in its economy. The evidence from Asia shows that its economies became more market-driven as they became more advanced. That's been true in China as well. Despite all the talk of state capitalism, Beijing's leaders continue to liberalize the economy. In January, a free-trade agreement between China and ASEAN came into full effect, creating a free-trade zone with more potential customers than NAFTA. China's State Council also approved the very capitalist practices of short selling of stocks and futures trading. The big question about China-style...
...proceded to pepper Ashong with questions expecting insubstantial responses. However, Ashong’s detailed and well-informed answers turned the video into a YouTube phenomenon that received over one million hits...
...Well-intentioned or not, the group has angered Haitians who worry about their country's eroding laws and sovereignty, and raises the disturbing issue of children who really are in danger. The quake has left thousands of orphans vulnerable to being preyed upon by child traffickers and those who perpetuate Haiti's shameful tradition of keeping child slaves, known as restaveks. Restavek in Creole means "to stay with," an innocuous term for a far more sinister practice: children "stay with" more affluent families as slaves, and like most slaves, they're usually subject to physical, emotional and sexual abuse...