But the upheavals of this stage of globalization--nearly always associated, by the way, with bad official policies somewhere, if not where the suffering is--has created a new constituency for autarky.
Official bad debts recognised so far for property and infrastructure credit are implausibly low.
Asked if he felt bad, the official said, "I feel that every time, " but that Guan didn't deserve a break because of his age.
WSJ: At the Masters, the Eighth-Grader Gets Detention | Golf Journal by John Paul Newport
The official explanation was bad weather from hurricane Dolly, which might have interfered with a planned helicopter trip to an offshore oil platform.
According to official figures, bad debts amount to no more than 5% of the banking system's total loans, as opposed to 25-30% in Thailand and an even higher proportion in Indonesia.
The recent surge in sugar prices comes after a bad harvest, that of corn after official warnings of a lower-than-expected crop.
ECONOMIST: The charge-sheet against commodity speculators is flimsy
The government official tasked with reversing decades of bad management is Salah Abdul Momin, Egypt's technocrat minister of agriculture.
Despite official optimism, the Malaysian economy has lurched from bad to worse (see article).
He said he launched an investigation into the matter the next day, and he concluded that it was not a "fireable offense, " just a bad joke that has stained the Pac-12's official program.
He said he launched an investigation into the matter the next day, and he concluded that it was not a "fire-able offense, " just a bad joke that has stained the Pac-12's official program.
"It sounds like I was the bad guy here, " Garcia told the PGA Tour's official website.
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