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...savings rate in the U.S. that hovers near zero. China needs to start creating new jobs by boosting its underdeveloped service sector, which contributes just 40% to overall GDP, compared with 79% in the U.S. In that way, the country can reduce its dependence on exports and continue to grow, thereby increasing its role as an outlet for the goods and services produced by the rest of the world...

Author: /time Magazine | Title: Wanted: A New Miracle | 12/11/2008 | See Source »

...Much Luxury I very much enjoyed the article "No Free Rides, Kid" [Nov. 24]. I think the issue goes way beyond the privileged and their children. Today's children grow up in a material world; they are being pampered regardless of their parents' income. Most children don't even have to wait anxiously for Christmas or their birthday to be showered with often senseless gifts. Walking into my children's room makes me wonder what to get my 3-year-old for Christmas. It's no wonder the work ethic suffers somewhere down the line. Where are the classes...

Author: /time Magazine | Title: Inbox | 12/11/2008 | See Source »

...Ling Woo Liu correctly points out that most of the time, spoiled kids grow up to be dependent on their family's wealth. This is unacceptable in today's society; everyone should start working to earn their own money and thus create more "working" brains. This in turn will help the development of countries. Rami El Chamaa, Beirut

Author: /time Magazine | Title: Inbox | 12/11/2008 | See Source »

...These students are early adopters of a trend that is likely to grow, and indications suggest that they're not alone...

Author: /time Magazine | Title: Verbatim | 12/11/2008 | See Source »

...Vertical farming could allow food to be grown locally and sustainably," says Glen Kertz, CEO of Valcent, a tech company based in El Paso, Texas, that's trying out the process. His firm uses hydroponic greenhouse methods to grow upward rather than out. The result saves space--vital in urban areas--and allows farmers to irrigate and fertilize with far less waste...

Author: /time Magazine | Title: Vertical Farming | 12/11/2008 | See Source »

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