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Part of the trend toward sensibility is being driven by a shift in buyers. With home prices back to earth and federal dollars encouraging first-time owners, Generation Y is out shopping in a way it never has before. People in their 20s and early 30s aren't looking for large move-up homes, rather simple starters that put minimal space to efficient use. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Downsizing: Today's Home Buyers Are Thinking Small | 9/28/2009 | See Source »

...Much of this dynamic growth has been export-driven, benefiting the low- and medium-technology sectors of the economy. But China is beginning to move up the technological ladder and is becoming more innovative in certain sectors such as electronics and biotechnology. The country has become a manufacturing superpower and the workshop of the world, producing two-thirds of all photocopiers, microwaves and shoes; 60% of cell phones; 55% of DVDs; over half of all digital cameras; 30% of personal computers; and 75% of children's toys, plus a wide variety of other goods...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...does objecting to all legislation serve your constituents? -Richard English, Mission Viejo, Calif. I vote against all spending - even spending that I might justify - unless it doesn't add to the deficit, because debt is a monster and it has driven us to the point of bankruptcy. I think my constituents' best interests are served by voting against all excessive spending. Evidently, they must understand it to some degree, because up until now I've been re-elected...

Author: /time Magazine | Title: 10 Questions for Ron Paul | 9/28/2009 | See Source »

Maybe the most surprising thing about Modern Family is how many laughs it gets out of the most ordinary of its three couples: Phil (Ty Burrell) and Claire (Julie Bowen), overscheduled and driven by competing parenting impulses. She wants to compensate for her wild childhood. "If Haley never wakes up on a beach in Florida half-naked," she says, "I've done my job." He wants desperately to be cool, mortifying his kids by memorizing every dance move in High School Musical and asserting his (faulty) knowledge of text-message-speak ("WTF: 'Why the Face...

Author: /time Magazine | Title: Yes, We Kin | 9/28/2009 | See Source »

...luxury residential market, however, is getting a special boost. Local property agents say prices are being driven higher by buyers from the Chinese mainland. Wealthy Chinese have ample cash and easy access to low-interest loans because of the government's loose monetary and fiscal policies, which were implemented last year to fight the recession. Buyers are looking to invest close to home, and despite China's restrictions on moving capital beyond its borders, that often means acquiring assets in Hong Kong. (The former British colony belongs to China but has a separate system of government and a more open...

Author: /time Magazine | Title: Hong Kong: The World's Most Expensive Real Estate? | 9/24/2009 | See Source »

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