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The United States may have twin deficits, but they are hardly identical. The fiscal deficit is the difference between what the federal government spends and the revenues it takes in. The trade deficit, in contrast, is the difference between the value of imports and exports. But though the fiscal and trade deficits measure different things, the “Twin Deficit Hypothesis” posits that the two are correlated, so that a reduction in the fiscal shortfall will lead to a reduction in the trade deficit.

My wife and I live in Hong Kong and homeschool our two children, ages 4 and 6. Although we talked about homeschooling before we ever thought of moving to Hong Kong, when we moved here there were two reasons we enrolled our oldest child in a local school. First, we wanted her to learn Cantonese. Second, we wanted her to meet people from diverse backgrounds. But even at a local school, our daughter found it too easy to find friends with whom she could speak English.

Stand no less than half a metre from schoolmates of the opposite sex. No eating watermelons in dormitories. No black stockings allowed for woman teachers. These are just a few of the bizarre school rules found on the mainland that have come under scrutiny, with the strongest criticism for regulations over interaction between the sexes - and in at least one case, between pupils of the same sex.