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...because all those inexpensive exports gushing out of Chinese factories - the $15 sweaters, the $25 sneakers, the sub-$100 DVD players - may start getting pricier as the mainland struggles to bring its runaway economy under control. Not all economists agree it's inevitable, but some are warning that an era during which low-cost Chinese production helped to maintain unusually stable prices for manufactured goods around the world is coming to an end. This view isn't held just by a few lonely bears in the wilderness. In his new book and in recent newspaper interviews, former U.S. central-bank...

Author: /time Magazine | Title: Bloated Dragon | 10/11/2007 | See Source »

...that gives the police the right to censor films. But that might be about to change. This month, the Ministry of Culture is pushing before Thailand's military-appointed legislature a controversial new law that proponents say would move the country's censorship rules into the modern era. Many filmmakers, however, fear the proposed changes will only make censorship worse. "They want the power to control us," says Chalida Uabumrungjit, head of the nonprofit Thai Film Foundation...

Author: /time Magazine | Title: Making the Cut | 10/11/2007 | See Source »

...worldwide, the oil and gas industry is increasingly ruled by a handful of giants. Though StatoilHydro leads the world in offshore extraction, it's dwarfed by diversified behemoths like BP, Exxon-Mobil and Gazprom. How can a mid-size niche player from Norway possibly thrive in this new, hypercompetitive era...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

Although many luxury-goods executives say novelty is key to remaining competitive in this wear-it-all era of $2,000 handbags and $20 H&M dresses, plugging into the contemporary-art scene is also a way to stay one step ahead of another kind of artist: the knockoff artist. In a world where everything can be downloaded and copied in less than a fortnight, the thinking is that merchandise with unique craftsmanship, materials and ideas behind it will be harder to reproduce quickly...

Author: /time Magazine | Title: Art Lessons | 10/11/2007 | See Source »

Merle Haggard has always had his guitar hardwired to the gutbucket pulse of Middle America. Back in the Vietnam era, he seemed the essence of a historic political migration: white males fleeing the feminized, antiwar, politically correct Democratic Party. He was your basic Reagan Democrat, fully loaded with a resonant, iron-edged voice and the ability to write razor lyrics that stuck in the mind and the craw. His brilliant anthem-Okie from Muskogee-became a rallying cry for those who were disgusted by the "hippies out in San Francisco" smoking marijuana and burning draft cards. His next patriotic volley...

Author: /time Magazine | Title: Does Merle Haggard Speak for America? | 10/10/2007 | See Source »

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