You think the Chinese boom has us (USA) on the run, pity poor Europe. That's the view of Yale B. School dean and BusinessWeek columnist Jeffrey Garten. "Europe: Staring Into the Abyss" is the title of his screed in the August 2nd issue of BW. Later in the same issue, there's another gloomy piece titled "Productivity Paralysis: If Europe Doesn't Boost Spending on Tech, It Will Fall Further Behind." Sky-high wages, miniscule work weeks, interminable vacations, and still recalcitrant unions in "Old Europe" are not a pretty mixture as true globalization—from Shanghai to Bangalore to Prague—picks up steam.