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...believe Taiwan needs to become more diversified and integrated into the regional economy, which is increasingly dominated by China. "The main lesson we learned in the financial tsunami is that we are only dependent on our export industry, in particular IT," says San Gee, deputy minister of Taiwan's Council for Economic Planning and Development. The idea is to "transform our overall economy to a different stage...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...edge of a nearby settlement. They complain that settlers from the Gush Etzion bloc have come in the night and uprooted or poisoned olive trees. "I am willing to live with Israelis," Sarras says. "But they will not live with us." Shaul Goldstein, mayor of the Gush Etzion regional council, defends his community's dealings with local Arabs. "We have the right to have cameras to protect our communities," says Goldstein, 49, a builder who constructed many of the Etzion homes. He insists he has Palestinian friends and says, "When I saw someone had uprooted trees, we condemned it very...

Author: /time Magazine | Title: Israeli Settlers Versus the Palestinians | 7/27/2009 | See Source »

...Booker bio is irresistible - and familiar: he arrived in Newark fresh out of Stanford, Oxford and Yale Law, passing up riches to save a poor city. He moved into a decrepit Newark public-housing project, which has since been torn down, and was elected to the Newark city council at age 29. In 2006, at 37, he became mayor. To his supporters, who include A+ listers like Oprah Winfrey, Bon Jovi and Brad Pitt, plus an élite cadre of Wall Street and Silicon Valley scions, Booker's self-sacrificial tale is heroic. To his critics, Booker is still...

Author: /time Magazine | Title: Why Cory Booker Likes Being Mayor of Newark | 7/27/2009 | See Source »

...country has more production capability than markets at home and abroad can support. In February, Luo Bingsheng, secretary general of the China Iron and Steel Association, said China's steel-production capacity exceeded the 2008 domestic demand of 500 million tons by 160 million tons. China's State Council has called for a consolidation of the industry in order to manage output better, with five major producers generating 45% of Chinese steel by 2011. (See pictures of Chinese investment in Africa...

Author: /time Magazine | Title: How China's Steel Boom Turned Deadly | 7/27/2009 | See Source »

...series of problems facing the city. Over the past year, there has been a spate of car burnings in the capital, teachers have written public letters to the authorities complaining about the poor standards at city schools, and youth violence has been on the rise. And the city council is struggling for money after running up new debts this year to the tune of $1.3 billion, bringing its debt total to $85 billion...

Author: /time Magazine | Title: Train Chaos Brings Berlin to a Standstill | 7/24/2009 | See Source »

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