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...produced numerous economic miracles as nations transformed from impoverished backwaters into global competitors. But one miracle that has received scant attention has been the way the region in the first half of this decade has enjoyed generally rapid growth - headlined by booms in China and India - without awakening the beast of inflation that so often roars when economies get overheated. From 2003 to 2007, Asian economies (not including Japan) expanded at an average annual rate of 8.1%, triple that of advanced economies. Over the same period, inflation in Asia averaged a relatively mild...

Author: /time Magazine | Title: Tiger Trap | 7/10/2008 | See Source »

...beast is back - and Asia could be headed into turbulent economic times. Merrill Lynch says that in May, the average inflation rate throughout the region reached nearly 7%, led by spikes in oil and food prices. That was sharply higher than the 2.5% rate in May 2007 - and that's just the regional average. In India, inflation jumped to an 11.6% annual rate in June, according to the latest government figures, the highest in 13 years. In Vietnam, one of Asia's fastest-growing economies, inflation has reached as high as 27% in the past few months...

Author: /time Magazine | Title: Tiger Trap | 7/10/2008 | See Source »

...happens he knows a lot about marine life. From this specimen's conical-shaped snout and peculiar coloring - gray dorsal area, white underside - and the size of the beast - clearly longer than his 5.5-m. (18-ft.) boat - he identified it as a great white shark, the world's largest predatory fish. He may or may not have known that it is rare, but not unheard of, for white pointers to attack and even sink boats as long as 10 m. (33 ft.). Whatever the case, he didn't muck about: in a state somewhere between agitation and terror...

Author: /time Magazine | Title: Attack of the Freshwater Shark? | 7/10/2008 | See Source »

...animated film has ever won Best Picture. Only one - Beauty and the Beast, in 1991 - has even earned a nomination. Since the creation of a Best Animated Feature category seven years ago, animated film has been trapped in Oscar's cartoon ghetto, even though reviewers consistently place Pixar's movies on their best-of-the-year lists...

Author: /time Magazine | Title: Can WALL-E Win Best Picture? | 7/7/2008 | See Source »

...Paul Chadwick WHY The "fully realized adventure fantasy" is "Disney meets Moby Dick." "A chronicle of life after zombies have taken over. It should be an HBO series." "An intense, quasifuturistic, retired Batman with real-world issues." "A speechwriter is encased in concrete. Kafka meets Beauty and the Beast...

Author: /time Magazine | Title: Graphic Novels are Hollywood's Newest Gold Mine | 6/19/2008 | See Source »

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