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What's going on? Part of it is the fact that "gold's gyrations are the Dow Jones index of anxiety," as this magazine put it three decades ago amid the last big gold fever. When investors are scared - about inflation, about political turmoil, about financial breakdown - they return to the soft, shiny metal that has for millennia served as a store of value. When things calm down, as they did after the gold price peaked in 1980 at $850, demand for gold subsides and the price declines. (See pictures of modern day gold prospectors...

Author: /time Magazine | Title: All That Glitters | 12/7/2009 | See Source »

...Penguin paid $100,000 for the English-language rights to Jiang Rong's Wolf Totem, a coming-of-age tale set in Inner Mongolia. It was a record sum for a Chinese novel. In 2008, the same publishing house issued, amid much brouhaha, Zhu Wen's I Love Dollars, a lively look at the dark side of China's boom. And it has just announced plans to bring more Chinese writers to the attention of international readers by expanding its Beijing operations...

Author: /time Magazine | Title: China's Orwell | 12/7/2009 | See Source »

...P.N.G. At the same time, anger has boiled over because of an influx of thousands of Chinese who over the past couple of years have monopolized businesses that by law should be reserved for P.N.G. nationals. In May, anti-Chinese riots convulsed cities nationwide, and several people were killed amid the looting of Chinese-owned shops. "Our timber, our minerals, everything, goes to China," says Damien Ase, founder of the nonprofit Centre for Environmental Law and Community Rights in Port Moresby. "But we get so little in return...

Author: /time Magazine | Title: The World of China Inc. | 12/7/2009 | See Source »

...crafting isn't about revenue, per se, but juicing up employee engagement may end up beefing up the bottom line. Amid salary, job and benefit cuts, more and more workers are disgruntled. Surveys show that more than 50% aren't happy with what they do. Dutton, Berg and Wrzesniewski argue that emphasizing enjoyment can boost efficiency by lowering turnover rates and jacking up productivity. Job-crafting won't rid you of a lousy boss or a subpar salary, but it does offer some remedies for job dissatisfaction. If you can't ditch or switch a job, at least make...

Author: /time Magazine | Title: Hate Your Job? Here's How to Reshape It | 12/4/2009 | See Source »

...their small but burgeoning scene - there are only a handful of Muslim punk bands in the U.S. and Canada - rebellion is an act of piety. Strident as their sound can seem, it is, in spirit, in harmony with other rebellious voices that are rising amid the breakdown of authority in the Islamic world. Whether they're the voices of Muslim feminists going back to read the Koran and the Hadith as documents of liberation, gay Muslims working out a theology that embraces homosexuality or even the millions of Muslim youths trusting Islamic chat rooms - which one British Muslim leader...

Author: /time Magazine | Title: Muslim Punk Rock: A Mashup of Piety and Politics | 12/3/2009 | See Source »

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