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...down from 25.5% in 1993. Yet there are significant regional differences. Jonathan Anderson, chief economist for Asia at Swiss bank UBS, says Singapore, Malaysia and Japan remain more vulnerable if tapped-out Americans start to shop less, given that their own domestic spending is relatively weak; by contrast, China's consumption is rising steadily, propelled partly by housing demand. He points out that China wasn't hit as badly as other Asian countries by the U.S. downturn in 2001, and that it's in a stronger position now to weather a slowdown...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...it’s hardly as if men relish exposing their own delicate parts to the perilous January air. Yet for women, taking part is seen as either an outspoken statement of liberation or as providing a special opportunity for voyeurs to gape at bare female anatomy. By contrast, for men, it’s just a bit of a laugh...

Author: By Pierpaolo Barbieri, Lucy M. Caldwell, Lena Chen, Daniel E. Herz-roiphe, Matthew S. Meisel, and Juliet S. Samuel | Title: Notes On Primal Harvard | 1/17/2007 | See Source »

...contrast to the prime minister's kind words, Peretz remained silent about the Chief of Staff's resignation, leaving it to an anonymous official to mutter to Israeli journalists that "Halutz needed to do this a long time...

Author: /time Magazine | Title: An Israeli General Takes the Fall | 1/17/2007 | See Source »

...contrast, the Golden Globes were designed to have the maximum number of stars show up, and thus the maximum number of stargazers tune in. Of the 24 competitive Academy Awards, four go to actors; of the 25 competitive Golden Globes, actors get 14. The star wattage is blinding for folks who care less about Best Live Action Short Subject than how far Cameron Diaz's table is from Justin Timberlake's. (Ten feet, one TV Seymour Hersh reported.) So from the pre-show arrivals, where the celebs emerge from their ostentatiously eco-friendly limos to trod the red carpet...

Author: /time Magazine | Title: Hollywood With a British Accent | 1/16/2007 | See Source »

...less leverage over China than it ever had over the Soviet Union. China holds billions of dollars of U.S. government assets. American consumers have come to rely on cheap labor in China to provide goods at Wal-Mart's everyday low prices. The Soviet Union, by contrast, was an economic basket case: it had minimal foreign-exchange reserves and was desperate for U.S. and European high technology...

Author: /time Magazine | Title: China Takes on the World | 1/11/2007 | See Source »

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