The global recession was made in America. The recovery is being made in Asia. China led the way, demonstrating that one advantage of an authoritarian government is that it can inject massive doses of stimulus quickly and order banks to lend. Among Asian economies, those more tightly linked to China—such as Taiwan, Malaysia, Singapore—have been growing fastest. But Asian consumers are doing their part, too.
The world’s top network equipment maker Cisco said on Wednesday it will unveil technology on March 9 that will "forever change the Internet." On its website, the network equipment maker said the change would show "what's possible when networking gets an adrenaline boost."
A reassessment of the nature of alcohol addiction is starting to pique Big Pharma's interest. For years the industry has been lukewarm, assuming either that finding a cure for alcoholism is impossible, or else that the target market—homeless drop-outs, jobless bums and convicted drink drivers—would not make for great returns. Now changing western attitudes and cheap supermarket-supplied alcohol have made excessive drinking normal, including among the middle classes. Some experts predict the arrival soon of a new generation of drugs to help everyday drinkers.