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...last month, Japan's Prime Minister Yukio Hatoyama proposed an "East Asian community" that would bind together Japan, China, South Korea and the 10 countries of Southeast Asia, plus India, Australia and New Zealand. Hatoyama - who recently opined that "the era of U.S.-led globalism is coming to an end" - suggested this zone have its own common currency and could some day "lead the world." Less ambitiously, China has suggested a smaller group that would include Southeast Asia plus Japan, China and South Korea. (See how to know when the economy is turning...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

...frustration over the failure of the World Trade Organization to complete the Doha Development Round, which is supposed to lower trade barriers globally. Leaders at the upcoming APEC summit are expected to commit to the completion of a basic framework for an Asia-Pacific zone by the end of 2010. While the details have yet to be hammered out, such an agreement would be an unprecedented step forward. One thing is for certain: this year's APEC must generate more than an amusing photo...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

...petty criminals shot in a month on a low budget, his long takes, real-time, off-hand dialogue and minimal exposition combine to superb effect in charting the pull of human loyalties. This is a gangster film that works without violence - or even revealing, until close to the end, that these pill-popping, pleasure-seeking if girl-shy goof-offs are gangsters at all. And Lee wisely lets singer turned actor Pete Teo and sleepy-eyed Singaporean cult actor Sunny Pang (cast as a country bumpkin who rises by default to gang boss) carry the weight with amazingly nuanced...

Author: /time Magazine | Title: Camcorder Capers in Malaysia | 11/16/2009 | See Source »

...lands that used to form the British Empire he was immensely popular, from the 1930s right through to the 1980s, and he has a small fan base still. In his native England, he was a well-loved dramatist whose record of having four plays running concurrently in the West End remained unbroken for a generation. He climbed dizzying heights of fame and prosperity, lived a long life (of which nearly six decades were in circumstances of great renown), and besides being a writer was a doctor and a spy, all with generous measures of success. His private life, however...

Author: /time Magazine | Title: The Drama Queen: William Somerset Maugham | 11/16/2009 | See Source »

...epic story of China's modernization has often been told in numbers. Once dormant, insulated and ravaged by war and social upheaval, China is now the world's third biggest economy with more mobile-phone users and, by the end of this year, more car sales than anywhere else on the planet. But the story behind those numbers, of the coal miners and assembly-line workers, of the parents and children they've left behind and the arduous journeys made out of sheer desperation to find work, has rarely been given the same attention as the country's impressive economic...

Author: /time Magazine | Title: The Sacrifice Behind China's Economic Boom | 11/16/2009 | See Source »

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