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...China's current economic woes come at a momentous point in history. Dec. 18 marks the 30th anniversary of when Deng Xiaoping launched the nation into the most extraordinary burst of economic development the world has ever seen. For almost this entire period, outsiders have been predicting that it wouldn't last. And each time, China has forged ahead. The financial crisis has led the whole world into uncharted territory. But the one constant in this changing world may be China's ability to surprise once more...

Author: /time Magazine | Title: A Nation Apart | 11/27/2008 | See Source »

Just as critically, there are key legal differences. Unlike gay marriage, which seemed to burst upon the scene all at once when Massachusetts Supreme Court made it legal, courts began slowly to recognize gay rights as far back as 1985. Several states - including California, Maryland, Massachusetts, Nevada, New Jersey, and New York - already expressly forbid discrimination against gays seeking to adopt. A handful of other states, even without specific legislation, allow gay adoption...

Author: /time Magazine | Title: The Fight Over Gay Adoption Heats Up | 11/26/2008 | See Source »

...There is no doubt that government intervention is an absolute necessity when markets go horribly awry. After Japan's stock-and-real-estate bubble burst in the early 1990s, the economy staggered along for half a decade until the government finally stepped in to restructure the financial sector. During the Asian financial crisis of 1997-98, state action was crucial to rebuilding moribund banks and companies...

Author: /time Magazine | Title: Why Government Intervention Won't Last | 11/25/2008 | See Source »

This Dec. 18 will mark the thirtieth anniversary of the moment when Deng Xiaoping pushed a Communist Party plenum into adopting the first measures that would launch the country into the most extraordinary burst of economic development the world has ever seen. Outsiders have been predicting that it couldn't last ever since. The financial and economic crisis currently plaguing the globe has lead the whole world into unchartered territory. If the likes of Kroeber and Rothman are right, the one thing that could remain constant in a world where nothing seems fixed is China's ability to surprise...

Author: /time Magazine | Title: Is China Headed for a Hard Landing? | 11/24/2008 | See Source »

...Their sheer size, along with their higher educational attainments and output levels, drove exceptional income growth, though these big spenders weren't big savers. The generations that have followed represent a smaller share of the overall population. Thus as boomers age, the overall workforce will shrink. "Without an unexpected burst of productivity growth or a significant upsurge in investment per worker, the aging boomers' reduced levels of working and spending will slow the real growth of the U.S. GDP from an average of 3.2% a year since 1965 to about 2.4% over the next three decades," says the MGI report...

Author: /time Magazine | Title: Financial Woes Force Boomers to Work Longer. That's Good | 11/18/2008 | See Source »

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