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...Obama Administration is fielding fire, too, ironically from groups on the left. Burma is one particularly sore point; another is Clinton's comment that pressing Beijing on human rights "can't interfere" with policy on a number of global crises, like climate change, where cooperation with China is vital. This appears to be part of the Administration's strategy to emphasize rights where it can make real progress, and not just for rhetoric. But in the past, activists say, they expected new Presidents to talk tough on rights first and then, if necessary, throttle back. Obama, they complain, has sold...
...This has begun to change under Ma, who shortly after taking office established what he calls the "three links": direct shipping, air travel and mail service. In late April, the two sides agreed to more than double the number of weekly direct flights to 270. Ma has also eased limitations on investment by Taiwan companies in China, and his administration recently announced that, for the first time, mainland investments would be allowed in a broad range of Taiwan manufacturing and services companies. China Mobile, the mainland's largest cellular-service provider, has already agreed to invest about $530 million...
...Just Business The rising concerns of consumers like Razak herald not just a global economic trend, but a cultural one. During the 1980s and '90s, many Muslims in Egypt, Jordan and other Middle Eastern countries expressed their religious principles by voting Islamic. Today, a growing number are doing so by buying Islamic, connecting to their Muslim roots by what they eat, wear and play on their iPods. Rising Muslim consumerism undermines the specious argument often heard after 9/11: that Muslims hate the Western way of life, with its emphasis on choice and consumerism. The growing Muslim market is a sign...
...when oil prices started to rise in 2003, Saudi Arabia was ready. For one thing, the Saudi Arabian Monetary Agency, the country's central bank, had greatly expanded the number of well-trained national staffers. Second, it had at its helm officials who remembered the bad days of low oil revenues. That meant that when the oil gushers were turned up again, money was saved and not aggressively spent as elsewhere in the region. The nation's wealth was also placed in very liquid investments, predominantly U.S. government paper assets, rather than real estate. While other regional investment funds were...
Rosales defended the legality of the bills, insisting that legislation passed in 1995 gives the Central Bank "exclusive authority" to mint and print money. The number of signatures that appear or don't appear on the money is not important, he said. Critics, however, argue that the Central Bank's exclusive authority doesn't give it creative license to invent new styles of currency that stray from the technical specifications laid out in the Monetary Law. "The government couldn't just start circulating cacao beans and say it's currency like the indigenous did," says economist Nestor Avendano. "They have...