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...Ironically, this very outcome was predicted by China's Premier, Wen Jiabao. In a statement following the conclusion of the National People's Congress in March 2007, Premier Wen acknowledged that the Chinese economy looked extremely strong on the surface, especially in terms of GDP and employment growth. Yet, beneath the surface, he cautioned, such strength was far more questionable. In the case of China, he warned of an economy that was increasingly "unbalanced, unstable, uncoordinated and unsustainable." Little did he realize at the time how those "four uns," as they were later to become known, would pose an immediate...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

Torrential rains brought on by Typhoon Ketsana ravaged the Philippine capital, causing flooding that killed at least 250 people, displaced thousands and submerged buildings beneath up to 20 ft. (6 m) of water. Several countries pledged aid, and President Gloria Macapagal Arroyo opened her palace to those left homeless. But critics, who note that the city of 12 million has long been considered flood-prone and lacking in proper drainage systems, blamed the government for not doing more to head off the disaster...

Author: /time Magazine | Title: The World | 10/12/2009 | See Source »

...attack came just weeks after gunmen attacked the visiting Sri Lankan cricket team in the heart of Lahore. In both instances, while the operation was surely orchestrated from South Waziristan, the attackers were traced to southern Punjab, where Taliban-linked militants are burgeoning. (See TIME's photo-essay "Pakistan Beneath the Surface...

Author: /time Magazine | Title: Taliban Siege Shows Need for Pakistan Offensive | 10/10/2009 | See Source »

...sure to convey his side's concerns in his own message congratulating Obama: "We hope that he will be able to achieve peace in the Middle East and achieve Israeli withdrawal to the 1967 border and establish an independent state on 1967 borders with Jerusalem as its capital." But beneath the veneer of formal congratulations, the Obama Nobel award is being viewed as an as yet undeserved laurel, as an embarrassment, by some even as an impediment to a sustainable peace...

Author: /time Magazine | Title: Cool Reaction in the Mideast to Obama's Nobel Prize | 10/9/2009 | See Source »

...story building. I told everyone to get out as quickly as possible. But when I came down to the ground floor, there were people lying on the floor who could not move." Four of those killed were Pakistani; the fifth victim was an Iraqi. (See pictures of Pakistan beneath the surface...

Author: /time Magazine | Title: Suicide Attack on U.N. Office in Pakistan Kills Five | 10/5/2009 | See Source »

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