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...Massive bailouts like those being considered for GM and Chrysler in the U.S. aren't currently on the cards for most European and Asian carmakers, which don't face the kind of long-term structural problems dogging Detroit. Instead, policymakers in countries with substantial automotive industries are rolling out programs to ease the short, sharp shock of plunging sales by giving consumers incentives to start buying again. In January, China slashed its sales tax on cars with engines of up to 1.6 liters. The measure, designed to get Chinese to buy smaller, more fuel-efficient vehicles, had an immediate impact...

Author: /time Magazine | Title: Germany's Auto-Woes Fix: Scrap That Clunker! | 3/12/2009 | See Source »

...center of the country's restaurant scene is Sjávarkjallarinn (Seafood Cellar). Housed in the capital Reykjavík's oldest underground storeroom, which served as a stable in the late 18th century, the restaurant is known for its fusion of Asian flavors (think kaffir lime, star anise and yuzu) with fresh Icelandic fish, served within hours of being caught. The menu changes twice a month and recently included enticing entrées like a blue lingcod seasoned with red ginger, wasabi and shiso (a minty herb), and crispy salmon with soybeans, saffron and parsley. Other dishes, like...

Author: /time Magazine | Title: Reykjavík's Best Cellar | 3/11/2009 | See Source »

...Tokaj, assessing the variety's food-matching potential will provide plenty of enjoyment. Its tropical-fruit, floral and walnut notes make it an excellent match for Asian cuisines, but go equally well with game and of course strong cheeses. And once you're smitten by Tokaj, the next experience to hanker after is Eszencia - a sort of super-Tokaj and the color of burnished gold. Because it is produced from naturally running juice (and not pressed juice) it is only available in minute quantities. It also ferments very slowly, due to an exceptionally high concentration of sugars. Presently very much...

Author: /time Magazine | Title: The Sweet Sensation of Hungary's Tokaj | 3/11/2009 | See Source »

Indonesian hipsters looking for a place to chill in steamy Jakarta didn't have to look much further than the Buddha Bar. Last year, the posh establishment opened as the first Asian branch of an international chain with outlets everywhere from Paris and Cairo to Kiev and Sao Paulo. But on March 10, the Jakarta Legislative Council ordered the nightspot shuttered because its use of religious iconography could be considered offensive to Buddhists. In addition to its religiously inspired name, the restaurant's dining area is dominated by a giant Buddha sitting in the lotus position...

Author: /time Magazine | Title: Indonesia Cracks Down on Offensive Hot Spot | 3/11/2009 | See Source »

...Buddha Bar is part of a French franchise that made its mark with popular albums that mixed world-music elements with a lounge-y vibe. The international eateries serve up a pan-Asian menu and aesthetic that clearly uses the Buddha more as a cultural marker than as a religious icon. Restaurant souvenirs for sale include a Buddha snow globe - not the kind of thing a member of the faithful would be likely to purchase. Indeed, the Buddhist reverence toward compassion notwithstanding, a Middle Way might not be so easy to reach in the current climate in Jakarta...

Author: /time Magazine | Title: Indonesia Cracks Down on Offensive Hot Spot | 3/11/2009 | See Source »

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