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Winter in the northern hemisphere means one chilling thing for global health officials: it's bird-flu season. Nine countries have announced outbreaks in recent weeks, and infections are expected to accelerate as temperatures drop and migratory birds carry the virus to new areas. A replay of 2006-when H5N1 killed 80 people and spread to the Middle East and Africa-could well be on the way. Worst-case scenario: the virus might mutate and become easily transmissible among humans, potentially triggering a global pandemic. "Like last year's bird-flu season," says WHO spokesman Peter Cordingley, "this year could...
...world economy, has long warned about the dangers of flagging U.S. demand. "The rest of the world doesn't have enough vigor in its private consumption" to offset U.S. declines, he says. Now he's concerned, too, about signs he sees of a possible Chinese slowdown, including a steep drop in the growth of investment spending and reduced gains in industrial output. A less dynamic China is one reason Roach thinks global growth this year will be "significantly below what most are expecting...
...democratically elected Prime Minister Thaksin Shinawatra, has unveiled economic measures that have left foreign investors distinctly uncharmed. In December, to combat an appreciating currency that was irking Thai exporters by making their goods pricier overseas, the central bank briefly instituted harsh capital controls, precipitating the worst one-day drop in the 31-year history of the Bangkok stock exchange. Then, last week, Thailand's Cabinet began tightening foreign-ownership laws, closing loopholes that had made the country one of the region's most welcoming destinations for overseas investment. At the same time, the government is clamping down on the thousands...
What's in a name? Three years after Cingular purchased AT&T Wireless, the carrier will soon be rebranded, as AT&T. Ads already touting the merger are likely to drop the Cingular logo by midyear...
...fetching more than $75 a barrel and Congress was thinking of slapping the industry with a windfall tax, the prospect of falling energy prices seemed as remote as Kim Jong Il winning the Nobel peace prize. China and India, with their booming economies, were supposed to consume every last drop of oil the world could produce, guaranteeing shortages for the rest of us. And with instability mounting in the Middle East as well as in major oil-producing countries like Nigeria and Venezuela, it was only logical to predict many years of tight supplies - and ludicrous profits for the ExxonMobils...