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...London about the options left for laid-off bankers: "It's Dubai, Mumbai, Shanghai, or goodbye." But the reality may be even grimmer. In fact, Dubai and the other oil-enriched regions of the Arab world aren't quite the safe havens they once were. Western and Middle Eastern markets are more closely intertwined than they were during the 1970's oil boom. But recently, Arab exchanges have been hit with a double whammy. Western investors have pulled out of Arab markets to cover bad deals back home, at the same time that Western economic problems have pushed down...

Author: /time Magazine | Title: The Slump Hits the Gulf: No More Palm Islands? | 9/17/2008 | See Source »

...parents of sickened babies are demanding a greater response. "Sanlu is a big company and we trusted their products. We never dreamed that they would sell something so poisonous," says a mother in Xuzhou, a town in the eastern province of Jiangsu. Her 21-month-old son, who drank Sanlu powdered milk since birth, was just diagnosed with kidney stones. "What angers me the most is that Sanlu had known about it for so long," says the mother, who would only give her surname Zeng. "When I called Sanlu, they told me, 'The country will take care...

Author: /time Magazine | Title: Tainted-Baby-Milk Scandal in China | 9/16/2008 | See Source »

...Sanlu scandal has revived longstanding concerns about the safety of Chinese products. In 2004, 13 babies in eastern China died after they were fed milk made with powder that contained little nutritional value. That incident, know as the "big headed babies" scandal because the malnourished children developed swollen heads, touched off domestic demands for greater scrutiny of Chinese food products. Last year, the food supply chain became an international concern when a series of faulty export products were uncovered including fish contaminated with banned drugs, toothpaste and cough syrup made with toxic chemicals and lead paint used on toys...

Author: /time Magazine | Title: Tainted-Baby-Milk Scandal in China | 9/16/2008 | See Source »

...countries from South Africa to Sudan. With work on the line started last year, the project is due for completion in 2009. The World Bank's $424 million Africa Regional Communications Infrastructure Program - a complementary scheme approved at roughly the same time - aims to have all major cities in eastern and southern Africa hooked up to the high-speed lines over the next decade. (See photos of struggle and triumph in Africa here...

Author: /time Magazine | Title: High-Speed Internet Coming to Africa | 9/15/2008 | See Source »

...Confronting the Roma issue in 2008 raises questions about immigration and citizenship, identity and belonging, social policy, individual freedom and collective accountability. With their ancestry tracing back to the Indian subcontinent, the Roma settled, over the centuries, across many parts of the world, but especially in central and eastern Europe. Poor and often living apart from mainstream society, an estimated 1 million Roma went to their deaths in Nazi camps in World...

Author: /time Magazine | Title: Preparing for a 'Gypsy Summit' | 9/15/2008 | See Source »

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