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...China develops internally, and how it changes the wider world, will depend on an infinite number of contingencies. A crucially important one, obviously, will be how China and the U.S., the dominant global power, get along. As Barack Obama said on July 27, "the relationship between the United States and China will shape the 21st century...
...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 in the U.S., and an ever growing number of American business leaders and young people who consider a spell in China an important rite of passage...
...fall of Communism has curdled, with confidence in mainstream parties damaged by their perceived failure to tackle the country's economic woes. "It is a kind of vacuum," says Attila Pok, a historian with the Institute of History at the Hungarian Academy of Sciences in Budapest. "A great number of voters do not believe in the established élite, either on the right or left. They voted for the newest, loudest and most clearly speaking platform...
Seasonally adjusted annual number of houses sold in the U.S. (in thousands...
...housing counselor at Boise's Neighborhood Housing Services this past winter. He spends his days meeting with people who can no longer afford their mortgage payments. It has been tough going. More than most, Birch appreciates that mortgage companies were not prepared to handle the number of cases they have seen. He also understands, again probably more than most, that foreclosure is, in certain circumstances, the right outcome...