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...demand for its exports does not return soon, the most critical aspect of its GDP growth will still be in an anemic state. Alternatively, in the U.S., the core of the stimulus effort is to drop taxes to improve consumer spending and give financial aid to projects that should help move up employment. Until the American consumer begins to move back into the market and increase demand though normal spending, U.S. GDP will not rise and the rate at which the U.S. imports goods from China will not recovery. (See pictures of China's wild side...
...biofuels. The Administration also announced that it plans to push the auto industry to make flex-fuel vehicles that run on 85% ethanol blends - and since ethanol plants have been slammed by a combination of high corn prices, the rise of cleaner technologies and the lousy economy, Washington will help them get credit...
Even Middle Eastern Christians have given up looking to the likes of the Pope for help. In Lebanon, the Middle Eastern nation with the largest concentration of Christians, roughly half of the country's Christians have broken away from their traditionally pro-Western leadership, forming a political alliance with Hizballah, the Shi'a Muslim anti-Israeli militant group. The leader of these breakaway Christians, a populist former general named Michel Aoun, is betting that the only way to secure a Christian future in Lebanon is to look east toward the rising power of Shi'a Islam. It may seem...
...Gaza, those Christians who can wrangle a way of leaving, do. The ancient seafront city once had a thriving Christian community, but now it is down to 2,500 souls. They emigrate to Australia, the United States, Lebanon, anywhere they have relatives who can help them get started on a new life. Many attending the Friday service are widows dressed in black and men with hearty singing voices but shoulders stooped with...
...course, it probably didn't help the officials who gathered May 7-8 in Prague that extended families on both sides of the match had already seriously meddled with what had been a pretty simple proposal. An outgrowth of the E.U.'s long-standing European Neighborhood Program (ENP), the Eastern Partnership (EaP) plan called for establishing preferential development, trade, and travel agreements with the six former Soviet republics in exchange for them taking steps to create solid and responsible free market economies and democratic political systems. In that way, the multi-lateral EaP sought to strike up and reinforce ties...