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...lies a critical challenge for Asia. Unless it comes up with a new source of demand to support its export-led growth model, Asia will face stiff and enduring headwinds. Nowhere is this more evident than in China, where the mood has turned particularly upbeat. While I no longer doubt that China's performance will be better than expected in 2009, there is good reason to be wary of extrapolation. China's incipient rebound relies on a timeworn stimulus formula: upping the ante on infrastructure spending to support growth in anticipation of a return of global demand for Chinese-made...

Author: /time Magazine | Title: Kidding Ourselves About an Asian Recovery | 6/8/2009 | See Source »

...doubt that President Obama has changed American politics, consider that we are about to have the first Supreme Court confirmation hearing in almost a quarter-century that does not revolve, in one way or another, around Roe v. Wade. The appeals-court judge Sonia Sotomayor has ruled on just three cases that dealt, indirectly, with abortion. She has written a lot about racial preferences, though. That is one reason the country is set to have a knock-down, drag-out fight over affirmative action instead...

Author: /time Magazine | Title: The Limits of Empathy for Sonia Sotomayor | 6/8/2009 | See Source »

...instance, while regular surf shops around the country were struggling to stay afloat, Brewer's store sold 16 boards - which start at about $1,500 - in one day. "If I had opened a surf shop eight months ago, we would have been out of business right now, no doubt," he says. Instead, Brewer, who also works as a distributor, fields calls for paddleboards from kayak and surf shops all over the country. "They know that's the only thing they can sell right now," says Brewer, who compares the sport's skyrocketing trajectory to snowboarding, which similarly gained traction...

Author: /time Magazine | Title: What's SUP? A Surf Sport That Needs No Ocean | 6/8/2009 | See Source »

...social legislation since the New Deal. "Meaningful, comprehensive health-care legislation passes this year. That's a given," he declares, sipping a bottle of water in his functionally furnished hideaway office just steps from the Senate chamber. "It's gonna pass. It's gonna happen. There's no doubt about...

Author: /time Magazine | Title: The Five Big Health-Care Dilemmas | 6/5/2009 | See Source »

...Israeli far right - many of whose supporters gathered yesterday outside the U.S. consulate with portraits of Obama with a Palestinian headscarf superimposed on his head, with the words "Jew-hater" written beneath - is unlikely to be swayed by Obama's balanced oratory. Even among moderate Israelis, there is a doubt about Obama's intentions. "His middle name, Hussein, keeps coming back to me. We're suspicious of him," says Yossi Danon, a high-tech expert. "Obama's entitled to change U.S. policy in the region - this is too much for Israel." (See Cairo getting ready for Obama...

Author: /time Magazine | Title: Speech Stirs Mixed Feelings in Holy Land | 6/4/2009 | See Source »

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