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...shocked him. Within weeks of its original release, the semi-autobiographical tale of a Chinese student being taught the ways of the steppe by a wise old Mongol herder was being devoured by hundreds of thousands of readers - government officials and students, traditionalists and bohemians, workers and business types. Huge Chinese enterprises like Lenovo, Haier and Huawei bought copies for their employees, and the book quickly spawned a host of self-help and management texts that claimed to be imbued with its spirit - works with titles like The Wolf's Way, Wolf Soul, The Cool Wolves, Think Like a Wolf...
...Lusby, head of Penguin's China operations in Beijing. But it can be equally argued that they perceived different components of the same thing: a searching song of the ascendant Chinese nation, seeking to know itself. The U.S. had its Whitman and Thoreau; China has Jiang, wandering the huge grassy expanses and singing of primordial elements - blood, death, soil - to which the nation is no longer attuned. "The heat caused by Wolf Totem ... is a symptom of Chinese people's collective depletion of spiritual belief," wrote critic Zhang Hong in the highbrow Wenhui Readers' Weekly. "The book is like...
...Lingbao Gold Co. and Zhaojin Mining Industry Co. Their IPOs over the past several years provided an influx of investment capital - Zhaojin Mining raised $282 million from its listing - and also introduced the mining industry to shareholder scrutiny for the first time. "There is a correlation between the huge rise in gold production in China and the listings of those companies," says Auslan Ishmael, general manager of the China International Mining Group, an industry association. "This definitely put pressure on those companies to get a good return." Zhaojin Mining, for example, has seen its revenue soar by more than...
Someone is paying to support these environmentally questionable industries: you. In December, President Bush signed a bipartisan energy bill that will dramatically increase support to the industry while mandating 36 billion gal. (136 billion L) of biofuel by 2022. This will provide a huge boost to grain markets...
...need a conversation about race. At least not now. What we need is a conversation about money. It becomes clearer by the day that this is not your grandmother's--or even Barack Obama's grandmother's--economic downturn. This time we start with a huge government deficit and record private debt, all run up when times were good and we should have been storing up acorns. This is one that begins with people losing their homes, which is usually the last act of the drama. This is one that is bringing back stagflation--that poisonous combination of economic slowdown...