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Beef in Taiwan: Tongues, tails and testicles

TAIPEI, Taiwan — Is the tongue an internal organ? That's the timeless question that gripped Taiwan this week, as the issue of U.S. beef imports once again reared its ugly head. The spark was Taiwan officials' statement Monday that U.S. beef tongues, testicles, tails and other choice bits are not "internal organs" and therefore not included in a ban on some U.S. beef products passed in January. This meant such imports would be allowed, albeit with close inspections.

U.S. housing surge

In my column last week, I pointed to the importance of the U.S. housing market to the overall health of the global economy. Today, we got more evidence that things are, perhaps, stabilizing in this important economic engine. Existing home sales jumped 6.8 percent in March, much better than most economists were expecting.

Southern Sudan brews beer

JUBA, Southern Sudan — For 22 years alcohol was one of the casualties of the civil war in Sudan. In 1983, the Muslim-dominated government in Khartoum decreed Shariah law and a rebellion was launched in the south, a region of where people follow Christian and traditional beliefs. In the long-running war, the people of the southern region were protesting the marginalization and neglect of their area by the Arab north. The southerners demanded the freedom to choose how to live and govern themselves. And to determine what they could drink.

With deepest apologies to Dr. Franklin

Okay, I get why it's news that the U.S. Treasury Department has redesigned the $100 bill. But a video? Really?

IMF: Global economy "recovering better than we thought"

The top economist at the International Monetary Fund has let forth the economist's equivalent of a giggle: "A global depression has been averted. The world economy is recovering and recovering better than we thought likely," said Olivery Blanchard. The IMF released its latest World Economic Outlook today, its main economic forecast for 2010.

Why Europe's ash is good for South African diners

JOHANNESBURG, South Africa — Piles of fine-looking fruit are stacked on the shelves in the local Pick and Pay supermarket, the nicest fruit available here for years, and at prices that are amazingly low. It is South Africa's best export produce, usually shipped out to European markets where the fruits and vegetables earn foreign currency important to South Africa's economic health. But today the perishable produce is available to South African shoppers because of the closure of European airports for nearly a week.

The return of Detroit?

BOSTON — Detroit is an easy target for anyone looking to skewer the city as some kind of Motown-meets-Mogadishu. The story is, of course, an old one.

China's house party, cont.

Emerging markets guru Mark Mobius has phoned in from his moon base: China's recent efforts to cool its property bubble won't work. Here's what the always-interesting executive chairman of Templeton Asset Management told Bloomberg:

Ireland's new hero: a financial regulator

DUBLIN, Ireland — In the middle of its worst-ever financial crisis, Ireland has found an unlikely new hero, who has secured that status partly by facing down one of the country’s most popular business tycoons. The latest national icon is Matthew Elderfield, an Englishman recruited last year from Bermuda, where he was financial watchdog, to become Ireland’s Financial Regulator. His mission could be defined as ending Ireland’s crony capitalism — otherwise known as “light-touch” regulation.

StreetLife: Ulan Bator — Genghis Khan returns

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