China – one of the world’s fastest growing economies in recent years – has not been immune to the recession sweeping the global economy.  Its export-driven economy has slowed, and unemployment is growing.  The Chinese government has introduced a stimulus package and is encouraging citizens to spend more.  But whether they actually do so may require a change in cultural dynamics.  Without the social safety net of Western countries, the average Chinese family saves about 30 percent of its income (most American families save almost nothing).
How China shifts from an export …

The final presidential debate between Senators John McCain and Barack Obama drew 56.5 million U.S. viewers Wednesday night, Nielsen reported Thursday.
The TV audience for the senators’ third meeting edged past that of their first debate at the end of September, which drew 52.4 million viewers, but was easily surpassed by the audience of 63.2 million that tuned in for the second presidential debate last week.
During the previous presidential campaign, 51.2 million viewers tuned in for President Bush and John Kerry’s third debate on Oct. 13, 2004.  (View complete historical debate ratings.)
As …