Michael Moran, GlobalPost
A woman walks through an archway in Beijing on July 9, 2013. It's been a tough year for the "China model," the economic policy apparatus that favors state-guided capitalism, and for most who have adopted its tenets to run their economies. (Wang Zhao/Getty)
It's been a tough year for the "China model," the economic policy apparatus that favors state-guided capitalism, and for most who have adopted its tenets to run their economies.
All over the world, Emerging Market (EM) countries that reveled in the West's come-uppance in 2008, when radical deregulation in the US nearly took the global economy over the cliff, are now moving to reintroduce the market into their own economies as bloat, corruption and rampant bureaucracy have crept in.
The BRICS - Brazil, Russia, India, China and South Africa - have all faced drops in growth, sometimes radical ones.
Brazil barely grew at all last year and has suffered from large urban protests. South Africa's economy sputters along, staggered by collapsing commodity prices and deadly labor unrest. India, once trumpeting its intention to outgrow China in this decade, will be lucky if its growth remains at about 5 percent - far too little to transform the lives of its vast armies of destitute citizens.
Corrupt and oil-price-dependent Russia grew at just over 1 percent in the last quarter, and its prospects dim with every shale gas and tight oil well sunk in the US Midwest.
In China itself, the happy story of state capitalism producing near-double-digit growth for the foreseeable future has ended. The country is suffering through a real estate and credit bubble, combined with slack demand for goods in its once reliable Western export markets, while pressure at home to keep living standards on an improving trajectory has only increased.
Stock markets in Shanghai and Hong Kong have had their worst year in a decade as policymakers thrash around to curb excessive property speculation, stimulate faltering manufacturing sectors and pump ever more capital into state firms that employ millions but produce little other value.
China's superman economy, in short, is looking quite mortal these days.show more
By Staff, Associated Press
SPRINGFIELD, Mass. - A Massachusetts woman whose husband had a fatal heart attack while attending a New England Patriots game with their 6-year-old son has filed a wrongful death lawsuit against the team, the NFL, and others.
Kimberly Chartier of Chicopee is seeking at least $10 million in the suit filed in Hampden Superior Court.
The suit says 40-year-old Jeffrey Chartier's heart attack was caused by a confrontation with a security guard before a game in September 2010 after their son, Tedy, was invited onto the field by two NFL officials. The boy is named after former Patriots linebacker Tedy Bruschi.
Lawyers for the team and the other defendants refused comment when contacted by The Republican newspaper of Springfield.
The suit also names the guard, the security company and stadium operators as defendants.
By James Rowley, Bloomberg News
Retirees Barbara and Joe Napier participate in a tea party rally in Nashville, Tenn., on Wednesday, Dec. 5, 2012, to oppose Tennessee creating a state-run insurance exchange under the federal health care law. Republican Gov. Bill Haslam has said he wants to have a more complete understanding of the costs to the states of a state-run marketplace compared with one run by the federal government. (AP Photo/Erik Schelzig)
WASHINGTON - During Congress's August break in 2009, the Tea Party movement helped Republicans demonstrate public anger about President Barack Obama's health-care legislation by showing up at rowdy town-hall meetings.
This year, many of those same groups that now seek to deny funding for the health-care law's implementation are having to work harder to get Republican lawmakers' attention during their August break. Some have resorted to staging protests outside of members' offices who refuse to hold town hall meetings.
Heritage Action for America Monday announced a $550,000 on-line ad campaign, that will run in 100 Republican-controlled districts, urging lawmakers to support efforts to stop funding for the health-care law. Those lawmakers are among the House Republicans who haven't signed a letter circulated by Rep. Mark Meadows of North Carolina that urges the leadership to take steps to curb funding for the law.
Those steps may include a prohibition on spending such funds in the end-of-fiscal year continuing resolution that will be needed to finance the government's operation beginning Oct. 1.
Among the House lawmakers who are targeted by the Heritage Action ad campaign are Speaker John Boehner of Ohio, Majority Leader Eric Cantor of Virginia, Majority Whip Kevin McCarthy of California, and Appropriations Committee Chairman Hal Rogers of Kentucky.
"Our activists are very angry over health care" said Whitney Neal of FreedomWorks, a Washington-based coordinating arm of the tea party movement. "They specifically want to know why their representatives have not signed" letters pledging to defund the health-care law's implementation in legislation to finance the government's continued operation after Oct. 1.show more
By Kyle Wagner, The Denver Post
Nutrition expert Allen Lim and the company he founded, Boulder-based Skratch Labs, provides nutritional support for cyclists in the USA Pro Cycling Challenge. (VeloPress)
The dinner table is lavishly set, the guests are arriving, and you start to serve the feast: appetizers of thinly sliced soy lecithin and grilled soy protein isolate, a lovely vegetable glycerin loaf sparked by artificial flavor-enhancer calcium caseinate. To drink? High-fructose corn syrup with brominated vegetable oil.
Ew, that's gross, right? No one would ever do that, at least not knowingly.
Why then, nutrition expert Allen Lim wonders, when our bodies are at their most stressed and vulnerable -- in the middle of a marathon, on mile 60 of a 100-mile, high-altitude bike race, or halfway through a grueling triathlon -- do we consume those ingredients in massive quantities by the tube, bar and bottleful?
"There's this huge, unfathomable sports industry out there, and it's trying to serve the modern athlete," says Lim, "It suffers from the same problems that industrialized food does, though, in trying to produce huge quantities and preserve it and ship it all over the place.
"But the thing is, a lot of the stuff athletes put in their bodies while training and in a race is stuff that wouldn't be serviceable to eat at home," he says. "It's not food."
And that, Lim maintains, is why so many athletes suffer from cramps, bloating, nausea and other gastrointestinal issues, as well as fatigue and dehydration and other symptoms connected to poor performance.
"Real food is what works best, and the simpler the better," he says.show more
By Howard Weiss-Tisman/Brattleboro Reformer
Brattleboro is suing Don McCormick, founder of Carbon Harvest. Town seeks $14K he borrowed for bankrupt company