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The article discusses the proposed creation of an inspector general with investigative powers for the procurement process of the state issues at the Port Authority of New York and New Jersey under the administration of Governor Andrew M. Cuomo. It states that the legislative bill will enhance the governor's powers in the procurement process. It also cites the involvement of some government officials in the corruption scandal.

The article discusses the World Economic Forum in Davos, Switzerland, focusing on the claim that various chief executive officers and investors are blaming China's economic conditions for slump involving global markets. Fears about China's economic decline are examined, along with the views of financiers George Soros and Melissa Ma. Economic growth in China is assessed, along with concerns about whether the Chinese government will manage its transition to a consumption-related economy.

The author offers opinions on 2012 U.S. Republican Party Vice-Presidential candidate Paul Ryan. Ryan's economic policy proposals are mocked for being inspired by the author Ayn Rand in her book "Atlas Shrugged," which the author states would result in policies harmful to the poor and also contain unrealistic elements such as a return to the gold standard in monetary policy.