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...Indonesian investment board, jokes that, "If I want to get Americans going, all I have to say is China's interested in a deal and they don't worry about the sanctity of contracts or other legal niceties." The creation of an Asian trade alliance could place American big business at a disadvantage. Though U.S. companies have historically invested far more in ASEAN than China, the pace of investment has slowed in recent years as the U.S. is squeezed by Asian competition. (See pictures of Obama's diplomacy...

Author: /time Magazine | Title: Why Obama is Disappointing Asia — Even in Indonesia | 3/29/2010 | See Source »

...donkeys and heavily laden camels walk the dusty streets. Film buffs may know it from Zhang Yimou's 1988 adaptation of Mo Yan's Red Sorghum, set during the Japanese occupation. In fact, much of Mo Yan's fiction - from the 1996 epic he describes as his magnum opus, Big Breasts and Wide Hips, to Frog, published at the end of 2009 - is set in a world seemingly remote to the 350 million or so Chinese born after 1980 and the start of Deng Xiaoping's reformist policies. They also happen to be China's most voracious readers, judging...

Author: /time Magazine | Title: Lunch with China's Mo Yan | 3/29/2010 | See Source »

Barking and Dagenham - the two neighborhoods elect separate members of Parliament but make up a single London borough council - have witnessed rapid demographic change since the last national census, in 2001. At the time, 80% of locals identified themselves as "white - British." There's been a big influx of nonwhite families since then, with many blacks and Asians - British-born as well as new immigrants - looking for cheap housing. "There's a sense of competition for finite resources," says Jon Cruddas, Dagenham's MP and a Labour Party member. "These are generic forces, but they collide in an intense form...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...when soaring inflation and unemployment forced the Labour government to seek a humiliating bailout from the International Monetary Fund. Margaret Thatcher's Conservatives took power in 1979 and went on to abolish exchange controls, cut taxes and engineer the 1986 deregulation of financial markets, known as Big Bang, restoring London's position as one of the world's most important financial centers. Blair's New Labour did nothing to restrict the unfettered growth of the City, as London's financial district is called. In 1998, Blair's adviser Peter Mandelson, now the most powerful member of Brown's Cabinet, said...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...thinks there's a chance it might all come together--maybe when he finally talks to Emeril, whose people just called him to set up a meeting. "I'll meet one of the big boys and see if he'll ride with me on this mission to broaden the food landscape," Choi says. "It's 2010. Let's start feeding people. Let's get out there...

Author: /time Magazine | Title: Gourmet On the Go: Good Food Goes Trucking | 3/29/2010 | See Source »

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