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...This chain reaction plainly demonstrated the increasingly prominent place China now occupies in the minds of global investors. Its extraordinary economic rise has been a key reason for soaring demand for everything from copper to oil to cars, much to the benefit of multinational and Chinese companies alike. But while investors are right about China's economic importance to the world, they're clearly still confused about how to interpret a decline in Chinese stocks. There's little question that the reaction to China's market swoon was overwrought, and that this is not a replay of 1997. Rarely...

Author: /time Magazine | Title: Fear Factor | 3/1/2007 | See Source »

...relented on Siniora's refusal to allow U.N. peacekeeping troops to use force, and on his demand that a U.N. resolution call for Israel's withdrawal from the disputed Shebaa Farms territory, which he insists "is Lebanese land and they should withdraw from it. I cannot go and ask Hizballah to surrender their arms while my country is still occupied." He wants the U.S. to do more to pressure Israel to pull out, but so far Washington prefers not to add to Israeli Prime Minister Ehud Olmert's burdens...

Author: /time Magazine | Title: Standing His Ground | 3/1/2007 | See Source »

...persuade Hizballah to accept a cease-fire that required the Lebanese army to take control of southern Lebanon, Hizballah's main base of operations, for the first time in 30 years. Soon afterward, however, Hizballah plunged Lebanon into its December crisis by sending its supporters into the streets to demand more power. Though Siniora refuses to step down, he has shown flexibility. He has offered to expand the Cabinet to include more opposition figures, and to discuss limiting the scope of the U.N. investigation in light of Hizballah's fears that the tribunal might judge past acts of terrorism blamed...

Author: /time Magazine | Title: Standing His Ground | 3/1/2007 | See Source »

...countries that JumpTV owns rights to. The deal will launch with prerecorded Spanish and Arabic programming from stations in Latin America and the Middle East. Eventually JumpTV plans to provide Joost with live streams from TV stations around the world. That will move Joost further from video on demand and closer to live...

Author: /time Magazine | Title: 50,000 TV Channels! The Skype Guys Strike Again | 3/1/2007 | See Source »

Simplicity is the magic of the service, something that YouTube, with its millions of videos in thousands of categories, lacks. And it's in high demand. Steve Johnson, CEO of Choicestream, which helps video sites customize their offerings, says viewers prefer receiving personalized recommendations to wading through reams of search results...

Author: /time Magazine | Title: 50,000 TV Channels! The Skype Guys Strike Again | 3/1/2007 | See Source »

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