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...since at least 2005, according to China's Purchasing Managers' Index, resulting in reduced hiring by the sector. Meanwhile, a 50% drop in China's stock markets from their peak last October is creating a reverse wealth effect, some economists believe, leading both consumers and companies to be more cautious about their outlays. Tao Wang, an economist with Bank of America in Beijing, says China's GDP growth will slow to 10% this year, down from 11.4% in 2007, and could drop...

Author: /time Magazine | Title: Not-So-Great Expectations | 8/14/2008 | See Source »

...series of meetings with intelligence and national security advisers in which reports of continuing movements by Russian forces in the region raised fears that Moscow might still be pursuing military ambitions in the country. The sum effect of Bush's statements was to turn what had been a cautious approach from Washington into an aggressive one, and it raised the possibility of a sharper confrontation with Moscow...

Author: /time Magazine | Title: Bush Raises the Heat in Georgia Crisis | 8/13/2008 | See Source »

King, though a willing partner, is a bit more cautious about the experiment's potential for success. "I kind of soft-pedaled everybody's expectations for this," he says. "People who surf the Net are hop-toady about it. They'll find something and alight on it for a while, and then their interest wanes and they'll go somewhere else. It's so quirky as to what's going to work and what's not." And though, as one of the top-selling fiction authors of all time, King doesn't have to worry about selling books in large...

Author: /time Magazine | Title: Stephen King, Ready for Download | 8/12/2008 | See Source »

...percent, both because of Taiwan's sluggardly economy and because of a leadership style that some see as too subdued for the island's raucous political arena. "The issue is his personality," says Yang Tai-shun, a political science professor at Taipei's Chinese Cultural University. "He's cautious and tries not to say more than he can promise. He puts too much stake on cross-Strait relations, but it's not the panacea for everything." Ma may avoid ruffling feathers with his flight overseas. It's the homecoming that could be turbulent...

Author: /time Magazine | Title: Taiwan's Leader Keeps Low Profile Abroad | 8/11/2008 | See Source »

...more cautious figure than Warren might have passed on the opportunity to become a political lightning rod. But he has spent the past few years positioning himself for just such a role as a suprapolitical, supracreedal arbiter of public virtues and religious responsibilities. Unlike some other conservative religious leaders during this long election season, he has remained conspicuously neutral on candidates. When he pushed to "unstick" an earlier stalled attempt to get John McCain and Barack Obama together, he did so by sending a personal "Let's do it" e-mail to each of them. The payoff...

Author: /time Magazine | Title: The Global Ambition of Rick Warren | 8/7/2008 | See Source »

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