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...below-trend growth through 2010, the risk of a 'double-dip' recession remains significant," the report notes. That said, Goldman Sachs raised its year-end price target for the stock market 13%, sending a strong message to institutional investors to not sit on their hands, even in the face of major uncertainties. Among the stock groups Goldman favors: energy, basic materials, financials and technology...
...politically approved sermons at Friday prayers. Teaching of the Uighur language, which is written in the Arabic script, has been curbed so that Uighurs can more easily assimilate into the wider Chinese society. Yet Uighurs say that they are discriminated against by Chinese companies that operate in Xinjiang. They face restrictions on their travel abroad and even within China itself; repeated stories in the media over the past year, describing attacks and plots by "terrorist" Uighur separatists, have deepened Han Chinese suspicion to the point where many hotels in coastal cities will refuse Uighur custom. "The Uighurs are the very...
...single power in its neighborhood - other states have a right to make alliances, and the way to stability in the Persian Gulf region is not to try to drive out powers such as the U.S. but to reconcile different interests within a cooperative security framework. Iran will face further sanctions if it refuses to negotiate seriously...
...though its potential is, its future requires more, not less, integration in the world economy. An accommodation with the international community as represented in the International Atomic Energy Agency is essential for that. Europe, for its part, needs to rebut criticism that the West has been weak in the face of the clampdown in Iran. More strident or active support for the Iranian opposition would harm it, just as new U.S. sanctions now would do little more than allow Ahmadinejad to claim that the West is as hostile to Iran's people as he has always maintained...
...which requires ratification by the U.S. Senate, as a key step toward reducing the risk of nuclear proliferation in unstable nations such as Iran and North Korea. Less progress was made on the thorny issues of Georgia and a proposed U.S. missile-defense system in Eastern Europe. After a face-to-face with Prime Minister Vladimir Putin, Obama told a reporter he didn't "anticipate a meeting of the minds anytime soon." Obama departed for the G-8 summit in Italy on July 8 and planned a stop in Ghana before his return to Washington...