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...From a macroeconomic point of view, better balance is Asia's most urgent priority. Central to that rebalancing will be the long-awaited emergence of the Asian consumer. For a region steeped in a culture of saving, this will not be an easy transformation. Here again, China undoubtedly holds the key. Its legendary excesses of precautionary savings are traceable to two major developments: massive layoffs associated with over 15 years of state-owned enterprise (SOE) reforms and the lack of an institutionalized social safety net. With SOE reforms likely to be ongoing - albeit probably at a slower pace...

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

...growth model. The Next Asia that emerges from this transition will need to be all about a shift in focus from the quantity to the quality of the growth experience. Although the quality of economic growth is something of an amorphous construct, its attributes are undoubtedly steeped in better balance, stability, coordination, sustainability and integration. This is the essence of a critical transformation that could well usher in more of a pro-consumption, lighter and greener Asian economy than is the case today. The Next Asia will need to measure its success increasingly on those counts...

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

...looked down and found that he was unable to count the money in his hand. Tests revealed that a congenital heart defect had caused a series of ministrokes. Talking to his wife, he realized that large portions of his memory were gone forever. He has had surgery and feels better about things now. And on the days when the tide is out, you can find him on the foreshore of the Thames, down on his knees, his large hands digging through the muck for mementos of the past...

Author: /time Magazine | Title: Following in the Footsteps of the Mud God | 10/12/2009 | See Source »

...funny thing - literally - is happening in prime time. Sitcoms don't have the ratings or reach Seinfeld did, and probably no single one will again. But collectively, TV sitcoms are better and more diverse than they have been in years. Any roundup of the best new TV shows of 2009 would be mostly, if not entirely, comedies. And they're expanding the definition of what sitcoms can be: musical, complex, more than a half-hour long and sometimes even dead serious...

Author: /time Magazine | Title: No Laugh Track Required: The Comeback of the Sitcom | 10/12/2009 | See Source »

...couch school, and this fall brings plenty of weak, high-concept sitcoms like Hank, which features Kelsey Grammer as a downsized CEO. Even some more-inventive sitcoms are familiar types: FX's It's Always Sunny in Philadelphia, which is like a raucous, lowlife Seinfeld, and ABC's Better Off Ted, a workplace satire with a weird but sincere heart. But one look at Seinfeld's old home, NBC's Thursday night - with The Office, Parks, 30 Rock and the bright new outcasts-in-junior-college comedy Community - and we can see how sitcoms have become more ambitious and strong...

Author: /time Magazine | Title: No Laugh Track Required: The Comeback of the Sitcom | 10/12/2009 | See Source »

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