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...despite exporters' grumblings, October's export earnings were actually up 35% in dollar terms from last October, a still respectable 18% in rupee terms. In the past week, the rupee has actually begun to slip a bit, partly because of worries about the high oil prices. But when economists look back at 2007, they will probably see it as a turning point in the currency's fortunes. For decades, the rupee has steadily depreciated. Now it seems to have turned a corner. One inkling of the significance of the change can be seen in the entrance fees to monuments such...

Author: /time Magazine | Title: Rising Rupee Doesn't Float All Boats | 12/7/2007 | See Source »

...first visitors from the People's Republic went to Japan in the early 1980s - but they weren't supposed to stay. China, under the leadership of Deng Xiaoping, had begun renewing contact with the outside world. Thousands of China's brightest scholars were dispatched to the U.S., Germany and Japan to vacuum up the latest scientific knowledge and take new ideas back home to advance the socialist cause. But the world outside proved too alluring for many students. Chen Jianjun, who arrived in the Japanese city of Kobe on a Chinese government scholarship in 1982, recalls how alien Japan...

Author: /time Magazine | Title: Chasing the Japanese Dream | 12/6/2007 | See Source »

...Missouri woman raped and murdered in 2000 by a former Arkansas inmate, Wayne Dumond. He died in prison before being charged with the murder of a second Missouri woman, Sara Andrasek. As Governor, Huckabee supported Dumond's parole. Other lowlights of Huckabee's generally successful tenure have also begun to circulate--including the wedding registry that was created to help friends shower him with parting gifts at the end of his fourth term...

Author: /time Magazine | Title: Why They Love Huckabee | 12/6/2007 | See Source »

...TIME investigation of the Fort Dix case shows that it is indeed an important prototype. Six years after 9/11, the U.S. government has begun to settle on a strategy for finding and stopping potential homegrown terrorists before they strike. Fort Dix offers a case study of this new and sometimes precarious method. The model is called pre-emptive prosecution, and like other pre-emptive strikes of late, it is risky. It means relying on often unreliable informants to infiltrate insular communities, and it means making arrests before anything close to a terrorist attack actually happens. The process sometimes ends with...

Author: /time Magazine | Title: The Fort Dix Conspiracy | 12/6/2007 | See Source »

...Early this morning, the capital was a surreal site for Venezuelans who had begun to believe Chavez was invincible at the ballot box. Most chavistas who celebrated early in front of the Miraflores presidential palace abandoned the party when the voting results were announced at 1 a.m., leaving a sparse crowd with long faces milling about in a sea of empty rum and beer bottles. A large inflatable bust of Chavez with his arms outstretched lay face-down and half-deflated on an empty stage. A man who looked drunk held up several soggy and torn "Yes" posters in front...

Author: /time Magazine | Title: Why Venezuelans Turned on Chavez | 12/3/2007 | See Source »

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