Word: testing
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...seldom produce any insight into Beijing's thinking. Last week's briefings were no exception, with a ministry representative doggedly fending off questions about the erratic behavior of China's ally, North Korea. A formal ministry statement blandly stated that China was "seriously concerned" by Pyongyang's July 5 test-firing of seven ballistic missiles, launches that drew international condemnation as a dangerous provocation. Even by Chinese standards, it was a mild response, particularly so because Chinese Premier Wen Jiabao had made a pointed and very public request that North Korea refrain from conducting the tests...
...last month, the 17th straight increase, in its efforts to gently brake the economy by reining in spending. Retail sales fell ever so slightly in June, according to a Commerce Department report, but consumers hoarding money just to pay for gas won't help the inflation fight. The real test will come this week when the government announces how much consumer prices rose in June. Also keep an eye out for Bernanke's testimony before Congress on Wednesday. Here's why you should care about what he has to say... ...YOUR WALLET...
Carlos Ghosn is the CEO of Nissan Motor Co. of Japan and Renault S.A of France, which have benefited from a six-year cross-ownership alliance. This week, Ghosn was in the U.S. for talks with struggling General Motors, to test GM's appetite for forming a three-way alliance. Ghosn is perhaps the automotive industry's most accomplished executive, having pulled both Nissan and Renault out of nose dives. On his way to Detroit, he stopped in New York City to talk with TIME's business editor Bill Saporito. Here are his views on the potential GM hookup...
...Protecting New Hampshire, though important to any presidential contender (or contender's spouse), is just one reason some people are angry about the deal. Critics say it further compresses the time in which to test candidates, puts a premium on money and fundraising over retail political skill, and risks a chaotic competition for first-in-the-country bragging rights. "The people who want this have the votes, so the process is going ahead," says Don Fowler, the former DNC head who is on the committee that will make the change, "but I think it's going to cause tremendous confusion...
...series and starred, for the 1961 season, in her own show. She also spent time caring for the ailing Powell - who, like his co-stars John Wayne and Susan Hayward, and reported scores of other crew members, had contracted cancer after shooting The Conqueror on location near a nuclear test site. He died...