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The Coming Global Wa |
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| As we’ve discussed, America must confront such issues as the fifth wave and the rise of global powers like China, with its mammoth population of cheap workers, its vast hoards of cash, and its urgent agenda for acquiring the resources to make it an economic superpower. |
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Global Cash Surplus |
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| As we’ve forecasted previously in Trends, the prices of higher-end homes, which cost $1 million and up, have softened in recent months. But overall, U.S. housing prices have continued to rise, climbing 14.5 percent in the year ending June 30, 2005. That’s the fastest annual pace in 25 years. |
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A New Internet Boom |
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| Very few companies get to a point where their names become both a noun and a verb in everyday parlance. In the 1960s, Xerox achieved that feat. But, the only company to come close to that achievement in recent times is Google. |
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The Flat Tax Cometh |
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| There are 8 million words in the Federal Tax Code, and the IRS itself doesn’t even know what they all mean. That code supports an entire industry of lawyers and accountants. Taxpayers in America spend a cumulative 6 billion hours each year just trying to figure out how much they owe the IRS. |
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The Looming China Cr |
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| When Western executives and investors look at China, the first thing they see is opportunity. China’s population of 1.3 billion people seems to represent a spectacular potential market for American products and services. Every week, foreign companies pump another $1 billion into China, according to The Economist. |
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