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CHINA DAILY - Tuesday September 16,2008
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NEW YORK: When Wall Street woke up yesterday, two more of its fancied firms had fallen.
Mo Grimeh, a Lehman Brothers managing-director who has worked with the company for 10 years, walks out of his office building in New York on Sunday. Lehman filed a bankruptcy petition with the US Bankruptcy Court after attempts to save the 158-year-old bank from insolvency failed. Reuters
Nation
More than 460,000 people in Zhejiang and Fujian provinces have been forced to evacuate due to Typhoon Sinlaku, which earlier battered Taiwan, leaving four people dead and seven others missing.
China Scene
Dog bites off own tongue after beating by master
Paralympics
If Far East Games silver medalist Svetlana Makeyeva beats the odds and wins the 200m T12 on Tuesday, she will claim the jackpot she needs to pay for a series of expensive injections in her eyes to halt a crippling eye disease.
Comment
At a special meeting held by the Chinese People's Political Consultative Conference on Sept 2, Zhu Zhixin, vice-minister of the National Development and Reform Commission, pointed out five outstanding problems in the country's overall planning for urban and rural economic and social development. These problems include farmers' land rights not being effectively protected, their land being sometimes expropriated at lower compensations or with delayed compensations, and disputes over land requisition becoming frequent.
Opinion
As media coverage of Wenchuan's May 12 earthquake gets relegated to the inner pages or mid-level news, it's apt to remind people outside the region that the recovery has now entered the longest and possibly the hardest phase. Given the scale of the destruction, the recovery is equally daunting, and, as the recently-published State's planning strategy states, "the task is arduous (and) time is pressing."
International
US Defense Secretary Robert Gates flew into Baghdad yesterday, preparing to transfer command of the war in Iraq to a new general charged with maintaining better security while US troop numbers fall.
International
Thailand's ruling People Power Party (PPP) nominated a brother-in-law of Thaksin Shinawatra as its pick for prime minister yesterday, antagonizing protesters who accuse the government of being a puppet of the ousted leader.
Business
Six major coal producers based in Shanxi province yesterday signed long-term supply contracts with seven of the country's top electricity companies.
Life
If someone could read the strange pictographs on a yellowing book of some 30 pages, he or she could not only pick up a 10,000-yuan reward, but also be privy to understanding the birth of the Chinese written language, thousands of years ago.