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...That helps to explain why, for example, Japan's stock index took such a hit on Feb. 28 after approaching a seven-year high earlier in the week. Toyota, Sony et al would surely feel it if a slowdown in the U.S. proves sharper than expected. But will it? On the same day that the dismal durable goods number came out, a monthly survey of U.S. consumer confidence rose unexpectedly, and so did the latest figures for existing U.S. home sales. In other words, a painful U.S. slowdown is not, by any means, a given. And for those...

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

Charbonneau said his team can’t explain the missing water. “It’s a bit of a puzzle,” he said...

Author: By Gabriel J. Daly, CONTRIBUTING WRITER | Title: Exoplanet Excites Earthly Observers | 2/23/2007 | See Source »

...Software is respected for doing results-oriented rocketry work on little dime. His shop in a suburban Dallas business complex looks like something out of Star Wars--Watto's junk shop on Tatooine, to be precise. Carmack takes you first to see his graveyard of old projects to explain his philosophy: Fly a whole lot, and learn where the gotchas are. He admits that he would like to go to the moon someday, but he doesn't waste his time dreaming. "It's pointless and a distraction. You get people with stars in their eyes looking at ways to conquer...

Author: /time Magazine | Title: The Space Cowboys | 2/22/2007 | See Source »

...Beijing is getting ready to host the 2008 Olympics, but even that can't explain why the government just spent some $56,000 painting southwest China's Laoshou Mountain green to cover up scars left by a strip-mining operation. Here are some of China's other "beautification" campaigns that are in the works...

Author: /time Magazine | Title: China Gets A Makeover | 2/22/2007 | See Source »

...veil is known in Iran), and I looked at my friend inquiringly. The little girl insists on wearing it, my friend told me; she thinks it makes her look like her mommy. The girl beamed beneath her scarf, imagining herself quite grown-up. You can't really explain to a five-year-old that mommy wears hejab because it is mandatory, and that if given the choice, she would prefer otherwise...

Author: /time Magazine | Title: If Jane Austen Lived in Tehran | 2/22/2007 | See Source »

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