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...bigger and more regular war games in future. "However," says Chellaney, "Sino-Indian relations need to move beyond mere symbolic gestures towards more substantive steps to resolve outstanding issues." As the economic and security architecture of Asia is re-drawn, competition for resources and influence is likely to grow between Asia's second and third biggest economies. But this need not necessarily lead to tension, as Bhaskar points out: "What matters is how China wants to see India in the long run - as a worthy global power, or as an antagonist that must be mired in South Asia...

Author: /time Magazine | Title: Can China and India Be Friends? | 12/21/2007 | See Source »

...possible terrorists. My wife's hairdresser is a Christian who is moving to Australia because he is worried about his daughters. Walking home from school, the teenage girls are taunted by members of an Islamic militant group, just because they wear crosses. "I don't want my children to grow up in a bigoted society," he says...

Author: /time Magazine | Title: Memories of a Bethlehem Christmas | 12/20/2007 | See Source »

...earn greater returns than it would from U.S. Treasury debt, the traditional haven. The largest SWFs--the so-called Super Seven, comprising China, Russia, Abu Dhabi, Kuwait, Norway and two Singapore funds--control up to $1.8 trillion. By 2011, assets held by SWFs worldwide are projected to grow almost fourfold, to nearly $8 trillion, according to Merrill Lynch. By comparison, hedge funds--unregulated private investment pools--control a paltry $1.5 trillion to $2.6 trillion, according to estimates...

Author: /time Magazine | Title: Governments Get a SWF Financial Kick | 12/20/2007 | See Source »

...crest of a trendsetting ocean wave. Major skin-care companies are looking at these "enhanced" waters with great interest, says David Fowler, CEO of Wellness Enterprises, which produces water filters and water for skin-care manufacturers. "These waters hydrate better and are biologically stable," he says. "Fungus can't grow in them, so you don't need to add preservatives...

Author: /time Magazine | Title: Skin Care Becomes a Seaworthy Idea | 12/20/2007 | See Source »

...that's simply not true. The new national fuel bill sets 35 mpg as a federal fuel economy floor, not a ceiling - and in any case, California officials contend that their rules would require at least 36 mpg by 2016, with room to grow. The idea that there would suddenly be a "patchwork" of state CO2 regulations seems unlikely as well, since only California has put forward its own standards, with 16 other states ready to adopt Sacramento's rules, in line with California's role as a national leader on environmental regulation. And several recent court cases have recognized...

Author: /time Magazine | Title: California's Clean-Air Slapdown | 12/20/2007 | See Source »

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