Word: flooding
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...rise off course. Outside its borders, the new China has plenty of friends. How could it not? Its growing markets and voracious appetite for the world's goods are making companies and their workers wealthy, from Latin American cattle ranchers to French vineyards. In the U.S., the ever increasing flood of low-priced Chinese products has enabled rising standards of living for years (even as it has made job security in some areas more tenuous...
China's well-being is predicated on continuing that flood of exports, so the U.S. has some leverage over China's policies. But beyond that carrot, the U.S.'s tools have become limited. When Jiang Zemin, Hu's predecessor, visited the U.S. in 1997, Washington could still block China's accession to the World Trade Organization (WTO), of which it is now a member, campaign against China's hosting of the Summer Olympic Games (which will be held in Beijing in 2008) and tie access to the U.S. market to improvements in human rights (unlawful under WTO rules). Now, says...
...Milan. The save ended the most exciting sporting event you could ever see, secured for Liverpool the top European soccer championship for the first time in 21 years and allowed me to breathe. Within seconds, my wife had called from London, and the e-mails started to flood in--the first from TIME's Baghdad bureau, others from Sydney, London, Washington and New York City. In my fumbled excitement, I misdialed my brother's phone number three times. Then Steven Gerrard, Liverpool's captain, lifted the trophy, and behind the Cantonese chatter of the TV commentators I could just make...
...Harvard has traditionally controlled [their] undergraduates better than other universities in the neighborhood,” says Ellin Flood-Murphy, a member of the Harvard Allston Campus Task Force...
...toys, radios, DVD players, telephones, cameras, and much more. But while most of that production is legitimate?China's factories are paid by foreign companies to mass-produce the latter's ideas and designs?much of it is illicit. The nation has deployed its prodigious replication skills to flood world markets with pirated goods and fakes, from designer clothing to consumer electronics. China's trading partners tell themselves that this blatant disregard for the intellectual property of others is natural for a former command economy at an early stage of free-market development. The problem, they say, will ease over...