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...Despite the growing political influence of China, try asking an American to name a Chinese company and you're not likely to get much of an answer. While South Korea has Samsung and Hyundai, and Japan has Sony and Toyota, in the U.S., China is largely associated with the mass production of low-end goods, with few of its own international brands. To battle China's reputation for cheap imitations, Li Ning has hired top designers from Portland's rich pool of shoe-design talent and placed its high-end sportswear in an airy showroom in a Portland's chic...
...When you're staring at a $250 billion budget deficit for the year, a fresh tax or two can come in handy. And if unpopular banks are the targets, better still. Few of Britain's voters will quibble with Alistair Darling's call Wednesday, March 24, for a global tax on banks to help recover the billions in public funds doled out during the crisis. "We intend to get all taxpayers' money back," the Chancellor of the Exchequer said during his budget speech to Parliament, his last before a general election expected in May. Charging banks to help do that...
...mulling a bank tax for months. Prime Minister Gordon Brown's proposal last fall for an international "Tobin tax" - a levy on financial-market transactions ranging from foreign-currency trades to derivatives - received a chilly reception abroad. U.S. Treasury Secretary Timothy Geithner pooh-poohed it as "not something we're prepared to support." But Darling's call for a global bank tax could yield something closer to the U.S. vision. Such a levy might involve taxing banks' wholesale funding, in line with the Financial Crisis Responsibility Fee proposed by Obama in January...
...left's landslide win. Now Sarkozy may have to accept a change of tactics. Says Stéphane Rozès, president of the Paris-based Cap political consultancy: "The question [voters are] asking isn't about whether conservative policies and reform in France is what they want - they're wondering if Sarkozy is capable of applying those [policies] responsibly and effectively." (See pictures of Paris expanding...
...have children not because of the adverse effects of spaceflight but because they have intentionally delayed getting pregnant. Female astronauts who want to have kids tend to put it off early in their careers because of unpredictable flight schedules and because much of their training is forbidden if they're expecting. "Most prefer to get at least one spaceflight in before pregnancy," says Jennings, and are approaching their early 40s by the time they begin trying for children, when the risk of genetic defects and miscarriage is much increased...