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...other side are the Chinese, who adopted a currency peg of about eight RMB to the dollar to stabilize their economy in 1994 and stuck to it even when there was great pressure to devalue after the Asian currency crises of 1997. Since 2005 the Chinese have allowed an 8% rise in the renminbi's value, but they are deeply suspicious of those who urge faster change. Never far from their minds is the sad example of Japan, which acquiesced to Washington and--many Asians are convinced--paid a terrible economic price. Adding to their suspicions is the fact that...

Author: /time Magazine | Title: The New China Syndrome | 8/2/2007 | See Source »

JAKARTA Iraqi soccer team in stunning Asian Cup victory...

Author: /time Magazine | Title: Dashboard: Aug. 13, 2007 | 8/2/2007 | See Source »

Manicurists and pedicurists in the U.S. number 155,000, and the industry has tripled over the last two decades. Forty-two percent of nail technicians are Asian immigrant women, according to industry estimates, and many have little recourse when exposed to dangerous health conditions. Cosmetics ingredients don't fall under the jurisdiction of either the EPA or the Food and Drug Administration, and many such products sold in the U.S. today contain known toxins. Formaldehyde and toluene, both identified by the EPA as carcinogens, are part of the mix in many common cosmetics, as are phthalates, chemicals that have been...

Author: /time Magazine | Title: The Worst Jobs in America | 7/30/2007 | See Source »

According to a 2006 report by the National Asian Pacific American Women's Forum, 89% of the 10,000 chemicals used in nail-care products have not been safety tested by an independent agency. Since 2001, the Environmental Working Group, a public health watchdog, has been studying many of those same ingredients, with disturbing results. The group has noted that one common brand of nail glue contains ingredients linked to cancer and reproductive defects, a significant finding given that more than half of Asian immigrant women working in nail salons are of child-bearing age. Hannah Lee, executive editor...

Author: /time Magazine | Title: The Worst Jobs in America | 7/30/2007 | See Source »

...entire week, all of Iraq had lived for this moment, bearing the cynical attacks of car-bombs and terrorists, who had slaughtered more than 50 people who had rushed into the streets to celebrate after the country's soccer stars won a berth in the Asian Soccer Cup finals by beating 2006 World Cup semi-finalists South Korea. In Baghdad, people stocked up on gasoline for their generators (most of the capital gets only two hours of electricity per day and no one knows when the lights in their area will go out). Abu Ahmad, a taxi driver, described...

Author: /time Magazine | Title: Iraqis Unite Over a Big Soccer Win | 7/29/2007 | See Source »

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