The engine that transforms the lives of millions of Chinese citizens like Li Liguan is China Development Bank (CDB). The bank channels capital to key sectors and projects in the world's fastest growing economy -- an essential role in any development state.
Despite a somewhat gloomy prognosis for the near future, emerging and other developing countries still have a great potential to "switch over," and in the mid-term, consolidate their position as the new engines of global economic growth.
The President is rebuilding the economy the American way -- based on balance, fairness, and the same set of rules for everyone from Wall Street to Main Street -- where hard work and responsibility pay and gaming the system is penalized.
Despite -- and perhaps because of -- stark budget realities, we must have the political will and discipline to support the humanities. Let's aim for funding of the National Endowment for the Humanities at the FY10 level of $167.5 million.
Washington's support for authoritarian rulers has yielded neither lasting stability nor moderation, though it has compromised our own liberal values and engendered anti-American sentiment on the street.