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...sign ASEAN's Treaty of Amity and Cooperation. The treaty is pretty innocuous - it merely pledges signatories to uphold a zone of peace in Southeast Asia. But the Bush Administration objected to Burma's membership in ASEAN and was averse to signing anything (remember the Kyoto Protocol). In contrast, as with Kyoto, the Obama Administration says it will consider signing the ASEAN treaty...

Author: /time Magazine | Title: A New Direction | 5/25/2009 | See Source »

...contrast, Saudi Arabia's institutional memory of the boom and bust cycle served it well during what was the kingdom's third great oil boom of the past four decades. After the high prices of the 1970s, Saudi Arabia's economy went through a long-drawn-out slowdown as oil revenues plummeted for most of the 1980s. After a spike when Iraq invaded Kuwait, prices weakened again in the 1990s, even as Saudi struggled to pay off its (large) chunk of the bill for the first Gulf War. At the height of the Asian financial crisis in 1998, oil prices...

Author: /time Magazine | Title: Saudi Arabia's Lessons Learned | 5/25/2009 | See Source »

...another inventive way surplus is used in Umbrian cuisine, with leftover country bread serving as the foundation of an elegant layered dessert. Though it is soaked with chocolate and espresso sauce and buried in whipped cream, the bread doesn't disintegrate, and provides a pleasing textural contrast in every heavenly spoonful...

Author: /time Magazine | Title: Lidia Bastianich's Bread Recipes | 5/22/2009 | See Source »

...which would have looked like a cross between a lemur and a small monkey, is astonishingly complete. "Most of what we understand about primate evolution is pieced together from bits of teeth and jaws," says Michael Novacek, curator of paleontology at the American Museum of Natural History. Ida, by contrast, has pretty much every bone, from the skull to the tip of the tail, and they're all in place. Not only that: you can see impressions of its fur in the surrounding material, and there are even the remains of what was presumably Ida's final meal (leaves...

Author: /time Magazine | Title: Ida: Humankind's Earliest Ancestor! (Not Really) | 5/21/2009 | See Source »

...Theroux's hero worked from a cramped Chinese shophouse and muttered darkly about his tight-fisted boss while sweating in a crowded bus to meet his customers. By contrast Ng sits in Con-Lash's spacious, modern offices on the western edge of Singapore where he presides over a 40-person firm with an annual turnover of roughly $17 million. Apart from the toy models of various clipper ships nearby, his office could belong to a stockbroker or management consultant. Gone are the days when he scrambled aboard ships to haggle over the price of eggs or beer...

Author: /time Magazine | Title: Plunge in Trade Is a Boon for Singapore Ship Suppliers | 5/20/2009 | See Source »

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