Word: glimmering
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Last week's season premiere gave us a glimmer of hope that, for once, all would be well in the twisted world of Seattle Grace, but news of the forthcoming merger with rival hospital Mercy West reminded us that if Meredith's life isn't screwed up, something else needs...
...than descend into bitter rivalry. Japan will need special attention; its politics are becoming worryingly sclerotic, and it is beginning to feel overshadowed by China. Tokyo may soon need reassurance that Washington still takes the alliance seriously. But for all the difficulties ahead, the accompanying charts should give a glimmer of hope. The U.S. and the three Asian giants are becoming ever more closely interconnected - and not just economically. We have become familiar with the way in which trade flows between China and the U.S. have grown exponentially. But there are now some 70,000 Chinese students at universities...
...June 4 report from Fitch Ratings provides another glimmer of stability. The company's measure of credit-card late payments fell in May, after four straight months of record highs. The rate, though, was still 40% higher than a year before, and credit-card charge-offs which happen when a lender gives up on ever being repaid did continue to rise. Fitch analysts have anticipated that eventually one out of every ten dollars in credit-card debt will be written off this way, although the drop in delinquencies may indicate that people are getting a handle on their finances more...
...there might be a glimmer of hope. Recent data shows that exports are starting to inch off their lows, an indication that the worst of the recession in Asia may be passing. In Singapore, exports rose 11% in March from February, the second straight month-on-month increase. Japan's grew by 2.2% in March from the month before, leading Merrill Lynch economists to speculate that "it is possible that exports are bottoming." Most importantly, China's exports rose 7.6% in March from February, after six straight months of contraction. "While exports growth is likely to remain weak...
...case of Malacca gives at least a glimmer of hope that the piracy problem in Africa can also be tackled. The success in the strait clearly shows how committed and carefully orchestrated naval action can combat pirates. But analysts warn that the lessons of Malacca also tell us how much more difficult fighting the Somali pirates will be, because of the very different conditions on shore in Africa. The countries along the strait possess the resources and organized governments necessary to stand up to piracy. Those crucial elements are lacking in destitute and disorderly Somalia, where most of the pirates...