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...book, The World Is Flat: A Brief History of the Twenty-First Century (Farrar, Straus & Giroux; 488 pages). Instead the author embarks on a "trail of globalization" that leads him from Wal-Mart warehouses in Bentonville, Ark., to office parks in Bangalore, India. Thanks to a convergence of trends--cheap telecommunications, expanded trade, open-source software, Google--the global playing field is being "flattened" faster than ever before, allowing workers in India and China to compete with, and even outperform, their U.S. counterparts. Friedman sees this transition as the century's epic story line, one that may break...

Author: /time Magazine | Title: Books: The Flat Earth Policy | 4/10/2005 | See Source »

...rooms where pornography is available, two-thirds of all movie purchases are for pornos; and the average time they are watched is 12 minutes. The image instantly summoned is of the traveling businessman who wants a smidge of sexual exercise before retiring, but who is too tired, timid or cheap to summon a call girl. He cares little about whatever niceties of dialogue or mise-en-scene the movie may contain. He seeks only a brisk hand job, self-applied, then clicks off the TV, and so to bed. Someone I know, on hearing of this archetypal businessman, wondered, "What...

Author: /time Magazine | Title: That Old Feeling: When Porno Was Chic | 3/29/2005 | See Source »

...Such big dreams will inevitably come at a cost. Hydropower, once touted as cheap, clean energy, has fallen out of favor in recent years. In 2000, a report by the World Commission on Dams found that in developing countries the damage to communities and environment from building dams was rarely offset by the economic and developmental gains, which often failed to meet expectations. Assuming the World Bank approves funding for the project, Nam Theun 2 will be the first major new dam project the bank has supported in a decade. Opposition to the project has been fierce from international environmental...

Author: /time Magazine | Title: Options Under Water | 3/28/2005 | See Source »

Looking for an apartment in Shanghai today is a dispiriting reminder of what you should have bought back when everything was cheap. A three-bedroom apartment in The Summit?a stylish, but hardly palatial, development in the popular French Concession?is now on the market for $695,000, about twice what it would have cost two years ago. Another developer has raised its prices in the downtown area by more than 40% since November. Still, many investors feel compelled to buy. "They don't want to miss the boat," says Albert Lau, managing director of Savills Property Services in Shanghai...

Author: /time Magazine | Title: China's Property Fever | 3/21/2005 | See Source »

...each, the 24 titles initially available for the PSP aren't cheap, so it pays to choose wisely. Action-packed sports games like NBA Street Showdown and World Tour Soccer are good bets, as is Twisted Metal: Head-On, a demolition-derby title that you can play with others over the Internet using the PSP's built-in wi-fi. For a more cerebral thrill, try Lumines, a puzzle game with cascading blocks that's totally addictive...

Author: /time Magazine | Title: PSP: The "Gotta Have It" Gadget | 3/20/2005 | See Source »

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