Word: care
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...income of about $12,000. Brisk though auto sales may be, most Chinese still can't afford a Volkswagen or a Buick, let alone a BMW. Even as China's consumers feel richer, their share of its economy may not change much until Beijing enacts reforms to the health-care and social-security systems, steps that would give people more confidence to spend rather than save. Last year, says Peking University's Pettis, China's consumption was about the equivalent of France's. No one is calling on France to save the world. (Read "China's Auto Bailout Takes...
Read: "Why So Few Care About the European Parliament Elections...
...this next couple of years are our window of opportunity for a carefully considered reset. The untenable status quo, most obviously and critically in how we use energy and pay for health care and educate our citizens, but also in the ways we define contentment, are not immutable givens. Rather, they are the results of choices we made and habits we acquired and systems we built back in the 20th century. Different, 21st century choices are now available to us. Dysfunction and profligacy aren't inevitable, and the American tendency to magical thinking can be kept in check. The diehard...
...Read "Can Obama Close the Deal on Health Care...
...Read "Medicaid and the States: Health-Care Reform's Next Hurdle...