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In my more than two decades in China, I have seldom seen the foreign business community more angry and disillusioned than it is today. Such sentiment goes beyond the Internet censorship and cyberspying that led to Google's Jan. 12 threat to bail out of China, or the clash of...

Author: /time Magazine | Title: The China Fix | 2/1/2010 | See Source »

So both Chinese and non-Chinese have legitimate challenges and understandable phobias. Google is just a proxy in this intensifying dispute. It's really about rebalancing the economic and political dynamic between China and the developed world, with the U.S. as the key negotiator for the West. It won't...

Author: /time Magazine | Title: The China Fix | 2/1/2010 | See Source »

But what about that comfort zone of Social Security, Medicare, Medicaid and food stamps, plus the infrastructure currently funded by the federal government, including bridges, roads and particularly the interstate highways? One analysis by a researcher at the University of Vermont found that the state only gets 75 cents back...

Author: /time Magazine | Title: The Secessionist Campaign for the Republic of Vermont | 1/31/2010 | See Source »

One new calculation that's been attracting attention is the Happy Planet Index (HPI), which combines economic metrics with indicators of well-being, including subjective measures of life satisfaction, which have become quite sophisticated (HPI uses data from Gallup, World Values Survey, and Ecological Footprint). The HPI assesses social and...

Author: /time Magazine | Title: Is GDP An Obsolete Measure of Progress? | 1/30/2010 | See Source »

In terms of what the world wants measured, it seems the HDI and HPI have it over the GDP. For its report "International Public Opinion on Measuring National Progress: 2007" GlobeScan, a research firm based in Canada and London, surveyed 1,000 people in each of 10 countries not including...

Author: /time Magazine | Title: Is GDP An Obsolete Measure of Progress? | 1/30/2010 | See Source »

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