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...Velasco noted his view about good long-term macroeconomic forecasting: Look around a Harvard PhD classroom. Countries with students in such classes are a good indicator of good performance 10 to 20 years ahead. In the Harvard of 20 years ago, that would have led to forecasting that China and South Korea would perform well. The forecast for Chile already looks good, and it should be better. Neither Chile nor Harvard won the lottery, but, together, we are doing something better—not relying on chance but investing in some of the brightest and hardest-working young people...

Author: By JORGE I. DOMÍNGUEZ | Title: Investment for the Future | 10/8/2009 | See Source »

Accounts of his latest expedition in March were published in 50 U.S. newspapers and broadcast to schoolchildren in 15 other nations, including China, Taiwan, Australia, Italy, and Argentina...

Author: By Christen B. Brown, CONTRIBUTING WRITER | Title: Bringing the High Seas Home | 10/8/2009 | See Source »

...early 1949, China's in the endgame of its civil war and Mao Zedong's communist forces are poised to take Beijing. Just south of the Yangtze, in Nanjing, Mao's archfoe, Generalissimo Chiang Kai-shek, holds court as the leader of the Republic of China and its Nationalist Kuomintang (KMT) government. But Mao believes that winning Beijing first will deal a mortal blow to the morale of the KMT. En route to what will be the future People's Republic's capital, he and his top lieutenants pause in a town that has been deserted by shopkeepers and merchants...

Author: /time Magazine | Title: Reshooting History in a New China Film | 10/8/2009 | See Source »

...biggest prize of all is China, which is already the largest wine importer in Asia. But at the moment, Hong Kong, which is a part of China but has its own system of government, is not in a strong position to become sommelier to its big brother. Authorities in Beijing subject wine imports, including those from Hong Kong, to a 48% tax, and allow Chinese customs officials to seize three bottles from every shipment for "testing" - a major barrier to importing high-priced wines where bottles can be worth thousands of dollars. A Hong Kong industry group is trying...

Author: /time Magazine | Title: Vintage Wines Fetch Record Prices in Hong Kong | 10/7/2009 | See Source »

...have agreed with that assessment). That, a senior Administration official told reporters this week, was when the White House decided that knowledge of the Qum facility would be a useful card to put on the table when Iran finally agreed to talk to the six major powers (the U.S., China, Russia, U.K., France and Germany). If the Iranians failed to come to the talks, Obama would reveal the secret facility in his speech to the U.N. General Assembly in September. (Read "Iran's Nuclear Program: Why We Know So Little...

Author: /time Magazine | Title: CIA Knew About Iran's Secret Nuclear Plant Long Before Disclosure | 10/7/2009 | See Source »

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