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NEWSWEEK International Editions: Highlights and Exclusives, Oct. 1, 2007 Issue
Date:9/23/2007

ciated byproduct of the oil industry. Also, oil companies have deliberately underestimated supplies."

http://www.msnbc.msn.com/id/20920349/site/newsweek/

Recalling Brand China. William H. Hess, Global Insight's senior China analyst, writes that China's government wants to see more products designed by, manufactured by and sold by competitive domestic companies. And it wants to see more Chinese buying locally made goods. The payoff of such a shift would be immediate: anyone who has seen Chinese shoppers abroad can speak to their growing spending power. Unless Beijing and local manufacturers learn how to harness it, however, they, too, will be chasing the fabled China market.

http://www.msnbc.msn.com/id/20919947/site/newsweek/

GLOBAL INVESTOR: How to Hedge Your Bets. Mohamed A. El-Erian, president and CEO of Harvard Management Company, writes that now that hedge funds are coming to Main Street, there are a few things many should understand about them. Almost always defined in the extreme, as either legendary producers of superior investment returns, or vultures and potential destabilizers of the financial system, El-Erain says hedge funds are actually somewhere in the middle. More importantly, El-Erain says investors should understand that not all hedge funds are created equal, they have inherently fragile structures and that a good hedge fund manager can make all the difference.

http://www.msnbc.msn.com/id/20919952/site/newsweek/

WORLD VIEW: France Learns How to Say Yes. Philip Gordon, senior fellow for U.S. foreign policy at the Brookings Institution, writes that with France's unabashedly pro-American President Nicolas Sarkozy, Paris seems to be signaling that France will no longer seek to const
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