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...China's recovery and growing economic importance have led some to suggest that global institutions such as the Group of Eight - the U.S., the U.K., Canada, France, Germany, Italy, Japan and Russia - are becoming obsolete; that the only dialogue that really matters going forward is the conversation between the "G-2": China and the U.S. On July 27, President Barack Obama appeared to acknowledge this when, addressing participants in high-level talks between the two countries, he said Washington's relationship with Beijing would "shape the 21st century." In recent months, Beijing has started to throw its weight around. China...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...airing during Shark Week. Summer is high season for media freak-outs. This year, we've had celebrity deaths, political sex scandals and a conspiracy theory that President Obama was born outside the U.S., revived by the likes of CNN's Lou Dobbs. Sharkbite Summer (Aug. 4) looks back eight years to when a few high-profile shark attacks sent the media into their own feeding frenzy. The summer of 2001, postrecount and pre-9/11, was notoriously slow on news. (Hence, it was also the season of the Chandra Levy media circus.) So when an 8-year...

Author: /time Magazine | Title: Media Freak-outs: Every Week Is Shark Week | 8/10/2009 | See Source »

...Washington Home Sales on the Upswing At last, some good news on the housing front. In June, sales of new U.S. one-family homes saw their strongest increase in more than eight years as buyers hurried to take advantage of bargain-basement prices, low interest rates and a federal tax credit for first-time homeowners. Home prices are still dropping, however, with the median June figure of $206,200 down 12% from $234,300 a year earlier. And with a huge backlog of unsold homes, analysts continue to disagree on whether the higher-than-expected increase signals a coming recovery...

Author: /time Magazine | Title: The World | 8/10/2009 | See Source »

...influenza virus has only eight genes--far fewer than the estimated 25,000 that human beings possess--but its simplicity hasn't stopped it from wreaking havoc on humanity for centuries. Even today, with vaccines and antivirals, normal seasonal influenza kills some 36,000 Americans each year. And every once in a while, it gets much worse. When new flu viruses arise and begin spreading easily, they can trigger global pandemics. Sometimes they're relatively mild, like the pandemics of 1957 and '68. But sometimes they can be as catastrophic as the Spanish flu of 1918, which killed as many...

Author: /time Magazine | Title: The Moment | 8/10/2009 | See Source »

...home for people like Kevin Sherin, the public-health director in Orlando, Fla. He oversees a school system with about 175,000 students, a county with more than 1 million residents and a tourist industry that cycles through 49 million visitors in a typical year. He says he has eight nurses in the schools and 20 other nurses ready to do immunizations. But if they each spend five minutes per injection, it would take them a month and a half - working 24 hours a day - to deliver the vaccine to all the local students. "For most of the local health...

Author: /time Magazine | Title: Inside the Fight Against a Flu Pandemic | 8/6/2009 | See Source »

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