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...Vietnam abandoned a centrally planned, Soviet-style economy back in the 1980s but remains under the firm control of the Communist Party. Reforms helped Vietnam grow at breakneck speed, with several consecutive years of 8% growth - a rate only slightly behind China's - that lifted millions out of poverty. Economic liberalization, however, has not been accompanied by similar political freedoms. While Vietnam continued to grow and its citizens prospered, there was little groundswell of support for multiparty democracy. But the recent economic downturn, coupled with several high-profile corruption scandals where officials have been caught with their hands...

Author: /time Magazine | Title: In Crackdown, Vietnam Activists Sentenced | 1/21/2010 | See Source »

...residences resold within five years of their purchase. Earlier this month the State Council introduced a rule that requires a 40% down payment on the purchase of a second home, and on Jan. 12, China's central bank raised the reserve requirement for commercial lenders in an effort to control the torrid growth of credit after the value of new loans more than doubled last year. (See pictures of the best-selling cars in China...

Author: /time Magazine | Title: Amid Recovery, China's Property Market Soars | 1/21/2010 | See Source »

...salt shaker at your next meal, but unfortunately, it may not be that easy to keep sodium levels in check. Almost 75% of the salt we consume each day comes from processed and prepared foods, such as breads, cereals and dairy products - sources we have very little control over, not to mention awareness of. (You can easily get 3 g of sodium in a single sandwich with two pieces of bread, some deli meat and cheese...

Author: /time Magazine | Title: Study: Cutting Salt Can Have Big Health Benefits | 1/20/2010 | See Source »

...million yen ($4.4 million) came to be used to buy residential land in western Tokyo in October 2004 to build housing for Ozawa's aides. Rikuzankai, Ozawa's funds-management body, failed to properly report the sum and could be in violation of Japan's Political Fund Control Law for misreporting the funds, not logging the land purchase properly and concealing an illegal donation from the construction company. Ozawa has apologized to the Japanese people for any "misunderstanding" in misreporting the funds, saying there was no criminal intent. It is reported that Ozawa will submit to prosecutors' questioning this weekend...

Author: /time Magazine | Title: New Scandal Hits Japan's Ruling Party | 1/20/2010 | See Source »

...according to a recent Kyodo News poll. Last month, news broke that contributions from Hatoyama's mother were recorded as political funds coming from other donors - some of whom were dead. Hatoyama has promised to pay hundreds of millions of yen in tax on that sum, but the damage control has been slow. Still, according to a recent survey in the Yomiuri Shimbun newspaper, the DPJ's approval rating is still 23 points higher than that of the LDP. But cries for Ozawa's resignation grow louder as each day moves the ruling party closer to July's election...

Author: /time Magazine | Title: New Scandal Hits Japan's Ruling Party | 1/20/2010 | See Source »

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