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...abandoned because parents wanted a son for their only child, or state-mandated abortions. Now, as a father-to-be, I cannot imagine a government telling me to have no more kids, or forcing my wife and me to get rid of a new, additional baby. And as I grow older, I take ever greater comfort from having a sibling - my sister...

Author: /time Magazine | Title: The Family Way | 5/29/2008 | See Source »

...most pernicious impact of the one-child policy soon becomes apparent. In mall after mall, children raised as "Little Emperors" drape themselves in the latest Italian leather shoes and South Korean mobile phones. Pampering yourself might seem benign. But a society consumed by consumerism, and where most urbanites grow up never learning to care for siblings or to give up any of their own needs, will become a selfish society...

Author: /time Magazine | Title: The Family Way | 5/29/2008 | See Source »

...economist at Kaupthing, Iceland's largest bank. Following the 2006 crisis, banks greatly strengthened their liquidity positions and shifted their liabilities further into the future: on average, newly issued bonds now mature in 2010 or after, rather than within a year. Although Iceland's major banks had hoped to grow quite quickly this year, they will use their liquidity conservatively as a buffer instead. Meanwhile, to their relief, Iceland's banks have negligible subprime exposure. Whether through luck or foresight, Glitnir and Landsbanki didn't buy any of the bad paper...

Author: /time Magazine | Title: Cracks in the Ice | 5/29/2008 | See Source »

...euphoria, few seem to fret about the other seemingly glaring risk to the Gulf - the possibility that property speculation in cities like Dubai might lead to a bust. Mohamed Bin Ali Alabbar, chairman of Emaar, the region's leading property developer, says Dubai still has plenty of room to grow as a services center for the Gulf and its 200 million people: "The region is expanding, Dubai is too small, and so more needs to be done." For now, at least, such bullishness reigns supreme...

Author: /time Magazine | Title: Giddy Heights: Boom in the Gulf | 5/29/2008 | See Source »

...hard to get rid of could also make them an environmentally friendly food. "Nature is very good at making insects," says David Gracer, one of the chefs at the Richmond festival and the founder of future bug purveyor Sunrise Land Shrimp. Insects require little room and few resources to grow. For instance, it takes far less water to raise a third of a pound (150 g) of grasshoppers than the staggering 869 gal. (3,290 L) needed to produce the same amount of beef. Since bugs are cold-blooded invertebrates, more of what they consume goes to building edible body...

Author: /time Magazine | Title: Eating Bugs | 5/29/2008 | See Source »

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