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...authoritarian government so long as it generated jobs and opportunities. Now, with the economy slowing, growth needs to be maintained, goes conventional wisdom, at a minimum of about 8% - in part to forestall the labor unrest that Beijing fears could spread and turn into protests against the ruling Communist Party. Despite its domestic agenda, the stimulus package has been warmly welcomed overseas, too. The day after it was revealed, share prices from Hong Kong to London surged. And by again taking action along with the rest of the world (Beijing had previously cut its interest rates in tandem with central...

Author: /time Magazine | Title: The Moment | 11/13/2008 | See Source »

...Guantánamo Bay has been seeped in controversy for the greater part of the century. Located on the southeastern tip of Cuba, it is the only U.S base located in a communist country. The 45-square-mile site was originally used as a coaling station for U.S. Navy ships, under a lease drawn up in 1903. U.S. possession of Guantánamo was reaffirmed under former Cuban president Batista in 1934 with a provision that the lease could not be terminated without mutual consent - a provision that was challenged to no avail by Fidel Castro following the Cuban Revolution...

Author: /time Magazine | Title: A Brief History of Gitmo | 11/12/2008 | See Source »

...Jintao and his Premier, Wen Jiabao. The two men have been stressing the importance of measures aimed at relieving poverty in the countryside since coming to office in 2003. Until now, their efforts to enact concrete measures to back those promises have often been frustrated by opponents within the Communist Party who believe the government's No. 1 priority should be to continue encouragement of booming economic growth...

Author: /time Magazine | Title: A New Deal for China? | 11/10/2008 | See Source »

...industrialization and technical developments with much new information and communication transfer, exerting considerable 'cultural pressure' on an individual," the researchers write. An increasing sense of individualism might add to the problem - the 1970s weren't called "The Me Decade" for nothing. The repression of political dissidents by Yugoslavia's communist regime probably didn't help either...

Author: /time Magazine | Title: The Evolution of Insanity | 11/6/2008 | See Source »

During Eastern Europe's good times, few countries partied quite as hard as the tiny Baltic states. The end of communist rule and the liberalization of their economies, together with the promise of joining the E.U. (which all three did in 2004), drove dizzying growth. Rapidly rising wages and property prices fueled the exuberance. In cities like Tallinn, families borrowed to buy their own homes for the first time. Flashy cars bumped along cobblestone streets, while high-end restaurants catered to the new moneyed class, serving mojito cocktails and champagne for lunch. "It was like New York City...

Author: /time Magazine | Title: The Baltic Mourning After | 11/6/2008 | See Source »

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