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...China skeptics' mill. If low-interest loans meant to keep businesses humming are being diverted to stock speculation, how sustainable is China's recovery? An asset bubble may already be forming. The initial public offerings (IPOs) of Chinese companies in China and Hong Kong are being bid up to eye-popping heights. The $7.3 billion IPO of China State Construction Engineering, which debuted on the Shanghai bourse last week, soared 90% on its first trading day. The property market is sizzling too. New home sales in Shanghai shot up 70% in the first half of the year compared with...

Author: /time Magazine | Title: China's Soaring Stocks Pose Risk to Global Markets | 8/3/2009 | See Source »

...even if this is second-tier Pynchon, it's still entertainment of a high order. It was only a matter of time before he would write a private-eye novel. Each of his books has been built around a character - or two or 12 - on a quest into the heart of a mystery that is never quite solved. The difference here is that Pynchon finally makes one of those characters a licensed gumshoe, albeit one with an incongruous hippie backstory. "Doc" Sportello is an ambling longhair with links to the surfer world and an appetite for controlled substances that would...

Author: /time Magazine | Title: Thomas Pynchon's Magical Mystery Tour | 8/1/2009 | See Source »

Borowitz, Andy • America is deemed "less safe" by now that Palin is "no longer keeping an eye on Russia...

Author: /time Magazine | Title: This Preposterous Week! Paul Slansky's News Index | 7/31/2009 | See Source »

...higher education by 55% to $3.1 billion, saying that "the demographic advantage that India has needs to be converted into a dynamic economic advantage by providing the right education and skills." Taking cues from India's politicians, nearly all of the major foreign English-language universities now have an eye on India. Next January, Allan Goodman, president and CEO of the New York-based Institute of International Education (IIE), with which some 800 U.S. colleges are affiliated, plans to take a 20-college delegation to India to explore opportunities to set up programs there. Goodman sees India's large English...

Author: /time Magazine | Title: India to Foreign Colleges: Set Up Campus Here | 7/31/2009 | See Source »

...Comedy Nerd Because Apatow is a guy who can get into his own head, set up an office there and really go to work. A bearded 41-year-old in a uniform of striped short-sleeved Izods, he makes a lot of eye contact, has a friendly, nervous laugh and constantly plays with his right thumb. He seems more like a therapist than someone who sees one. But behind the approachable attitude, Apatow is superintense. He is rarely far from a Red Bull. On the nights he doesn't use sleeping pills, often the only way he can fall asleep...

Author: /time Magazine | Title: Taking Judd Apatow Seriously | 7/30/2009 | See Source »

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