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...happens to China's stock markets actually has little bearing on the nation's white-hot economy, let alone on other countries' economies. In China, "the stock market is really, really small compared to the overall economy," says Michael Pettis, a professor of finance at Peking University and an expert on China's markets. "Participation is limited. You're not going to see a wealth effect"-a decline in consumption because people feel poorer when stocks fall-"and companies don't use the market as a major tool of financing." Investors who thus savaged the stock of, say, Caterpillar...

Author: /time Magazine | Title: Fear Factor | 3/1/2007 | See Source »

...boats in the sea.” The way the authors tell it, hundreds of companies have opened up forums and problems to the global community through the “innovative” idea of “sharing,” receiving a variegated slew of expert and not-so-expert opinions from the world over. Corporations from Boeing to Proctor & Gamble have gotten ahead by using mass collaborative efforts, and “Wikinomics” is not hesistant at all about sharing many, many, many examples of such success.Did I mention that there are many examples...

Author: By Beryl C.D. Lipton, CONTRIBUTING WRITER | Title: Sharing Is Caring, Even At Fifty | 3/1/2007 | See Source »

...happens to China's stock markets actually has little bearing on the nation's white-hot economy, let alone on other countries' economies. In China, "the stock market is really, really small compared to the overall economy," says Michael Pettis, a professor of finance at Peking University and an expert on China's markets. "Participation is limited. You're not going to see a wealth effect" - a decline in consumption because people feel poorer when stocks fall - "and companies don't use the market as a major tool of financing." Investors who thus savaged the stock of, say, Caterpillar...

Author: /time Magazine | Title: Behind China's Stock Meltdown | 2/28/2007 | See Source »

...buying works about a decade ago. Even then, Monets and Manets were beyond their budget, and a Picasso was out of the question. So Mudam ended up focusing on what is sometimes called contemporary art, stuff produced after the 1970s or so. You don't have to be an expert to know that the contemporary art scene is a dizzying circus of dead sharks, unmade beds, provocative installations and whizbang video displays - but few crowd-pulling artists with household names...

Author: /time Magazine | Title: A Coming-Out Party | 2/28/2007 | See Source »

...among Parisian stars and fashionistas for hair-color treatments (he is also the brains behind Preference, L'Oral Paris' popular hair-color line). Now, thanks to a new collaboration with skin specialist Jolle Ciocco, pedicurist Bastien Gonzalez, osteopath Grgor Schultze, makeup artist Mina Matsumura and vintage expert Dorothy Barrick, Robin and his business partner Hlne Limoges are opening the doors to Autour de Christophe Robin, a three-story beauty space in Paris' 6th arrondissement...

Author: /time Magazine | Title: Paris When It Primps | 2/27/2007 | See Source »

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