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...Chinese officials hope he's right, because the country's policy options are limited. A rate hike would likely only increase the flow of speculative "hot money" into the country from abroad, says Jing Ulrich, chairman of China equities at JP Morgan. And excess liquidity (read: too much money chasing too few goods) is at least partly to blame for China's rising-prices problem. Although some say the July spike was due to short-term food shortages, the increases "are a lot less temporary than some people think," argues Michael Pettis, a professor of finance at Peking University. "China...

Author: /time Magazine | Title: Too Much of a Good Thing | 8/16/2007 | See Source »

...expressed my conviction that such a move subverts the academic values and freedoms necessary to the free flow of ideas," Faust said in a statement on Monday. "[A]cademics should be promoting, not undermining, the fullest possible collaboration with Israeli universities as well as other universities in the Middle East and elsewhere...

Author: By Paras D. Bhayani and Claire M. Guehenno, CRIMSON STAFF WRITERS | Title: Faust Condemns Boycott of Israeli Universities | 8/14/2007 | See Source »

...disappeared. Last February, the park's experts laid out benchmarks for Everglades improvement - "which when met," the report says, "would facilitate the removal" of the park from the U.N. list. The report made it clear that while progress was being made in areas like correcting the Everglades' water flow and reducing pollutants, more was needed. The World Heritage Committee's scientific advisory group reached the same conclusion, and it recommended the Everglades be kept on the list...

Author: /time Magazine | Title: Has Bush Abandoned the Everglades? | 8/10/2007 | See Source »

...Murakami has been embraced abroad as no other Japanese writer has. His books have been translated into about 40 languages. (In Japan, where Murakami is also regarded as an accomplished translator of American literature, the flow is neatly reversed: his recent rendering of The Great Gatsby sat atop the best-seller list for seven weeks.) Last October in Prague, he was awarded the prestigious Kafka Prize, dedicated to authors whose work "addresses the readers regardless of their origin, nationality and culture." It's difficult to imagine a better recipient than Murakami, who today splits his time between Tokyo and universities...

Author: /time Magazine | Title: Haruki Murakami Returns | 8/9/2007 | See Source »

Your story of American University law professor Angela Davis and the conduct of prosecutors was welcome [Aug. 6]. The problem also needs to be examined beyond the legal community. "Perp walks" of those charged are staged like motion-picture galas. State and local press, weaned on the daily flow of announcements and tips, are none too anxious to bite--by critical analysis of conduct or budget--the law-enforcement hands that feed them. Staged press conferences, featuring a speaking prosecutor and a background of stern-looking, silent officials and assistant prosecutors, have become ubiquitous. In terms...

Author: /time Magazine | Title: Inbox: Aug. 20, 2007 | 8/9/2007 | See Source »

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