Word: goodness
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...given to Chinese manufacturing and retail businesses in addition to exploration and construction companies. In return for so-called "no-strings-attached" aid and cheap loans to African countries, Beijing expects privileged access to oil and resources, political support in institutions like the U.N., and African governments - be they good, bad or despotic - to give Chinese companies the first opportunities to reach local consumer markets...
Still, it's not just partisan hacks and Chicken Littles who are worried about the dollar. There are (at least) three good reasons to fret. First, the events of the past 14 months have made predictions of impending economic doom seem a lot more credible than they used to. When Faber forecasts not only a worthless dollar but also a "collapse of our capitalistic system as we know it today," it's impossible to dismiss him out of hand. Second, the data point that has dollar worriers most alarmed - burgeoning U.S.-government debt - is for real. Finally, the global monetary...
...Being a good Catholic is a plus for a would-be politician in the very pious Philippines. But so is knowing how to handle a constituency. Pacquiao doesn't have one so much as he has a royal court. Roach is famous enough to have his own table at the Capitale extravaganza. Beside Pacquiao sits his wife Jinkee. Filipino tabloids have published her purported ultimatums against Manny's "playboy" ways, but tonight she says only a couple of sentences and even those guardedly. She speaks mostly to the other man seated next to her, Mike Koncz, a Canadian who takes...
...wheel to determine my first-time-buyer gift and was handed a pot lollipop. If the pot-dispensary people ran General Motors, the recession would be over. Although GM cars would be engineered to just stare idly at the road for hours. Which is more than they're good for now. (See TIME's photo-essay "The Great American Pot Smoke...
...always, federal decisions have lots of unintended consequences, and many of them are good. As dispensaries wipe out pot dealers, teen drug use will fall dramatically. Instead of buying pot from a dealer, teenagers will have to struggle with the same imperfect methods they use to get alcohol: begging older siblings, stealing from their parents and waiting outside a dispensary until they find a guy creepy enough to accept a $20 bribe...