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...Government action could shield the Chinese economy from the worst of a global slump. Indeed, economists currently say China ought to remain a relatively bright spot amid the economic gloom. Merrill Lynch estimates that China will account for 40% of world GDP growth in 2009. Continued strong Chinese demand for raw materials, machinery and consumer goods is expected to prop up other Asian economies - the region as a whole is projected to dodge a recession next year...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

...sober up from our debt binge, we'll at least be able to do it ourselves. An era of thrift may be necessary now, but at some point, Americans are going to have to feel like spending again for the economy to grow. It's just hard to see, amid the current economic gloom, when that day will come...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

...Amid the relentlessly changing cityscapes of Beijing and Shanghai, a new kind of music is being made. In terms of its discordance and abstraction, it compares to Dada, or the New York City and Berlin avant-garde movements of the 1970s. Yet something about it - a certain urgency and iconoclasm - could only have been spawned amid the wild experiment that is modern China itself. The country's punk and alternative-rock scenes have been gushed over by excited commentators, eager to cite them as evidence of China's changing mores. But they are staid in comparison to that created...

Author: /time Magazine | Title: Come On Feel the Noise | 10/23/2008 | See Source »

...chameleon lying motionless on a branch and a panda-like indri dangling shyly from the top of a tree. Later Razafindrasolo took our group on a night walk through the fringes of the forest. She showed us golden Mantella frogs and leaf-tailed geckos and then, barely visible amid the trees, a pair of lemur eyes shining in the darkness, watching us. It was ecotourism at its best, travel that celebrates nature and contributes to its protection...

Author: /time Magazine | Title: Madagascar Goes Green | 10/23/2008 | See Source »

...Afghanistan Violence Escalates Amid growing concern over the deteriorating security situation in Afghanistan, both Taliban sources and Afghan police confirmed that dozens of passengers aboard a bus in Kandahar had been killed. Six of the recovered bodies had been beheaded. While the Taliban has claimed responsibility for the deaths of 27 passengers, contending that they were Afghan soldiers, police chief Matiullah Khan Qaneh maintained that the Taliban had killed some 40 civilians who were en route to Iran in search of work. On Oct. 20, aid worker Gayle Williams, who had British and South African citizenship, was shot dead...

Author: /time Magazine | Title: The World | 10/23/2008 | See Source »

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