Global News Journal
Beyond the World news headlines
Far from being lauded as a virtue, China's high savings rate has been blamed for the economic imbalances underlying the global financial crisis. The criticism being that the Chinese spend too little and rely too much on exporting to Western consumers.
But in their intriguingly named paper, 'A Sexually Unbalanced Model of Current Account Imbalances', New York-based researchers Du Qingyuan and Wei Shang-Jin suggest China's gender imbalance could also be a significant factor in the persistence of its high savings rate.
The pair argue that intensifying competition in the Chinese marriage market is causing men -- or indeed parents with sons -- to raise their savings rates to improve their relative allure among a shrinking pool of potential brides.
When Lebanese Interior Minister Ziad Baroud issued a memorandum giving Lebanese citizens the option to remove their sect from civil registry records, it seemed like a step towards removing deeply embedded sectarianism from Lebanon’s social fabric.
The country has been convulsed by bouts of sectarian violence, most notably the 1975-90 civil war, in which 150,000 people were killed, and more recently last May when a power struggle spilled into armed conflict and supporters of Shi’ite Hezbollah briefly took over parts of Sunni western Beirut.
Lebanon’s beaches, ski slopes and nightclubs exude glitzy modernity. Its educated elite appears cosmopolitan and sophisticated. But beneath the gloss lie deeply traditional aspects of a society reluctant to shake off a sectarian power-sharing system in which loyalty to one of Lebanon’s 17 religious communities takes precedence over citizenship.
Nothing illustrates this better than star-crossed lovers.
Take Laure and Ali, who began dating six years ago after a chance encounter at university in Beirut when they were both 21. She studied political science and now works for an international aid organization. He is a computer and communications engineer.