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...Although theme parks made up less than a third of Disney's total revenue of $38 billion last year, Shanghai Disneyland still figures to be a key addition to the business because it will boost the company's visibility in one of the world's fastest-growing markets. Due to government rules aimed at protecting the public from what are perceived to be unwelcome foreign cultural influences, awareness of the Disney brand in China lags that of the rest of the world. Unlike in the U.S., where Disney operates a 24-hour TV channel and radio station, the company...

Author: /time Magazine | Title: Disneyland in Shanghai: A Second Try in China | 11/4/2009 | See Source »

...past 12 months. Everything from bicycle makers to textile producers to chemical companies have seen their export subsidies rise because their markets worldwide were shriveling, and a panicky Beijing was spooked by the prospect of massive unemployment if factories shut down. "By transferring wealth from households to boost the profitability of producers, China's ability to grow consumption in line with growth of the nation's GDP is severely hampered," says Michael Pettis, a finance professor at Peking University's Guanghua School of Management. Indeed, although China is also subsidizing some consumer purchases and retail sales in China were...

Author: /time Magazine | Title: Could China's Economic Policies Trigger Another Crisis? | 11/3/2009 | See Source »

...doesn't even consistently measure what actually gets done. Did you pay a cleaning company to clean your floors? Congratulations, you've added to this year's numbers. Did you scrub them yourself? Sorry, you haven't. Buying eggs from a factory farm: a GDP boost. Raising chickens in your backyard: nope. Forty years ago, buying a VCR to watch a movie at home would have been a significant contribution. Today, picking up a DVD player adds almost nothing. But doesn't the more modern machine provide the better picture...

Author: /time Magazine | Title: A Better Measure than GDP | 11/2/2009 | See Source »

...apparent bid to boost its ranks by capitalizing on a rival's internal friction, the Vatican said it would make it easier for Anglicans to join the Roman Catholic Church while retaining their own traditions. The world's 80 million Anglicans have grown increasingly divided in recent years over their church's stance on same-sex unions and the ordination of women and gays, prompting fears of a schism. Some analysts say the Vatican's move could be perceived as predatory, potentially imperiling efforts in recent decades to foster dialogue between the churches...

Author: /time Magazine | Title: The World | 11/2/2009 | See Source »

...It’s never an easy game against those guys,” Richter said. “Their fans are really into it so it gives them a boost for sure and they always give us a good game, so we’re looking forward to it. We want to build on Friday’s game and keep fine-tuning our team game...

Author: By Lucy D. Chen, CRIMSON STAFF WRITER | Title: Defense Stands Strong in Harvard Season-Opening Win | 11/2/2009 | See Source »

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