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...growing, and it could soon surpass Japan's to become the world's second largest. The Shanghai exchange has soared more than 80% this year, by far the best performance among major markets. Nations that depend on producing commodities, such as Australia and Brazil, have benefited immensely over the past six months as demand from China has driven up the price of raw materials. Helped by trade with China, Asia's export-driven economies are sputtering back to life. Overall, the International Monetary Fund (IMF) forecasts that in the three years from 2008 to 2010, China will, astonishingly, account...
...world's advanced economies out of recession. Consumer spending drives less than 40% of China's GDP; in the U.S. before the bust, the consumer accounted for almost 70%. With American shoppers now on the sidelines - the U.S. savings rate has soared from zero to nearly 7% in the past nine months as consumers have closed their wallets - the world desperately needs someone to step into that void. (Read "China Won't Ride to World's Economic Rescue...
...simple protest vote, even if bruised centrist politicians were quick to dismiss the results. Over the years, far-right fortunes have surged, only to ebb as the parties have shot themselves in the jackboot with internal feuds and rickety organization. Now outfits such as the BNP are learning from past mistakes: they're slicker, and combine old-fashioned grassroots activism with Internet campaign techniques borrowed from the Obama playbook. They're also well placed to exploit the disillusionment with traditional politics that has seen voter turnouts in European and national elections plummet, and membership of big parties dwindle...
Blaming Islam Last December, Wilders addressed a Jerusalem conference called Facing Jihad. "The dogmas of the quiet past are inadequate to the stormy present," he intoned. "The occasion is piled high with difficulty, and we must rise with the occasion." If these phrases seem familiar, that's because they're borrowed from Abraham Lincoln, who framed them as civil war raged in the U.S. a century and a half...
...pride themselves on their tolerance and inclusive attitudes, have been shocked to discover that many Muslims in the Netherlands feel dispossessed and discriminated against, and that some even empathize with jihadis. As in Britain, where English-born bombers have planned or carried out a series of attacks over the past few years, the sense of alienation in the Muslim community is reflected not just in the terrorists' rage but also in moderate Muslims' readiness to believe conspiracy theories that pin blame for 9/11 and other attacks on Western governments. Dutch citizens, in turn, have become more suspicious of Muslim neighbors...