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...festive mood survives to this day, as the city in September celebrated the opening of three major art fairs, one of which, ShContemporary, showcased not only top contemporary Chinese artists, but also emerging talent from more than 20 different countries. ShContemporary ranks as Asia's first international art fair, and the fact that it takes place in Shanghai is no coincidence. Shanghai may be in China, but its ambitions have always extended beyond the Middle Kingdom. Note, for instance, that China's regional bloc with the Central Asian nations - the People's Republic's only formal attempt at international alliance...

Author: /time Magazine | Title: Postcard: Shanghai | 9/24/2008 | See Source »

...long will the money last? The Bush Administration is proposing that the government's mortgage purchases be spread out over two years - while speed is of the essence, the Treasury needs time to set up a fair program to evaluate just what it's buying. There is a lot of paperwork to go through: about 10% of the nation's $11 trillion in mortgages are delinquent or in foreclosure. Uncle Sam would likely hang on to some of the mortgage securities it buys for far longer before reselling them to investors, in an attempt to minimize its losses and maybe...

Author: /time Magazine | Title: 7 Questions About the $700 Billion Bailout | 9/24/2008 | See Source »

...opportunity for MUFG, and it took it. Time will tell if the Japanese bank made the right move. In the 1980s, when Japan was booming, its companies bought a series of U.S. assets - from movie studios to the Pebble Beach golf course - that subsequently plunged in value, generating a fair bit of xenophobic resentment in the process. Now, it's Tokyo to the rescue on Wall Street. The Japanese are hoping that having learned the hard lessons of their own banking disaster a decade ago, they can now make some money navigating the one unfolding across the Pacific...

Author: /time Magazine | Title: Japan to the Rescue of Ailing US Firms | 9/23/2008 | See Source »

...basis of things like a more conservative style of dress or hairstyle and demure mannerisms, Judge says. "I wouldn't be surprised," he says, "if employers are treating these women differently." Employers perhaps should be aware of this subconscious effect and make more of an effort to be fair. "Most employers," says Judge, who studies gender differences in negotiating skills, "wouldn't be happy to see a big salary differential between men and women in the workplace...

Author: /time Magazine | Title: Sexist Attitudes and the Wage Gap | 9/22/2008 | See Source »

...Fair or not, it's this stubborn sentiment that amplified the implications of Dahal's Olympic visit last month. Dahal himself eulogizes the Chinese path to prosperity and has referred to India in the past as an "expansionist" enemy. His government unflinchingly cracked down on Tibetan activists, further evidence, to some in India, of Beijing's growing influence over Kathmandu. Ironically, China backed the monarchy to crush the Maoists during the civil war, but Beijing - unburdened by the divisive rancor which grips India's democracy - has nimbly changed tack, expanding its already significant involvement in Nepal's hydropower sector, while...

Author: /time Magazine | Title: Nepal's New PM Makes the Rounds | 9/22/2008 | See Source »

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