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...cost of imports while subsidizing Chinese producers who sell their products overseas. As the dollar has declined in value in the past year, so has the RMB - making Chinese goods cheaper in the international marketplace. In other words, China's peg has helped it maintain its share of global export markets at the expense of other countries who let their currencies float. That's exactly the opposite of what needs to happen if rebalancing is to occur. (See pictures of the best-selling cars in China...

Author: /time Magazine | Title: Could China's Economic Policies Trigger Another Crisis? | 11/3/2009 | See Source »

...second major play to open on Broadway this fall is another Chicago product: Superior Donuts, Tracy Letts' follow-up to August: Osage County, his multi-award-winning family drama that stormed Broadway nearly two years ago and is now on a national tour. Chicago theater's most celebrated export, David Mamet, will be represented on Broadway with two works this fall: a revival of his 1992 drama Oleanna and a new play, about black-white tensions at a law firm, titled Race. Meanwhile, hot Chicago director David Cromer--whose moving, teacup-size revival of Our Town is a megahit downtown...

Author: /time Magazine | Title: Chicago Takes Center Stage in New York | 11/2/2009 | See Source »

America’s role in solving the problem is crucial. Former President Vicente Fox recently gave a speech in which he stated that the export market of the United States might become even more valuable if the domestic market in Mexico were to collapse due to the increasing instability. As instability increases, the domestic drug trade will become less profitable, creating even more incentives to trade within the United States...

Author: By Charles A. Lacalle | Title: Drugs Without Borders | 11/2/2009 | See Source »

...friend, Aziz Ullah Kukchar, 37, adds that the whole place ought to be developed. "If there was a proper park, and restaurants, and billiards tables, 70% of the people here would not fly kites," he says. "We would charge admission." Kukchar, who says he was in the import-export business and has lived in Moscow, thinks that it would be "good for the park to look like Gorky Park...

Author: /time Magazine | Title: On a Kabul Hill, the Dogs and Kites of War | 10/25/2009 | See Source »

...Mexico's heroin (called "brown mud"). La Familia and other Mexican gangs manufacture meth at industrial superlabs that dwarf small-town U.S. shops like those depicted on the AMC cable drama Breaking Bad, churning out tons of the white, flaky crystal each day. And while U.S. law blocks the export of pseudoephedrine to Mexico, La Familia can easily access that key chemical by way of sources in Asia, shipping it in via Michoacán's major Pacific port, Lázaro Cárdenas. In 2006, Mexican police seized 19 tons of it there and linked...

Author: /time Magazine | Title: A Major Blow to Mexico's Masters of Meth | 10/23/2009 | See Source »

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