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...actually lower in 2009 than in 2008. As a result, economists see continued strength in India's banks. A January report by economic-research outfit Centennial Asia Advisors noted that based on available data, "there was no sign that domestic banks' nonperforming assets were deteriorating materially." Nor do analysts harbor the same concerns that India's monetary policies are sending prices of Indian real estate to bubble levels. "India's growth, though less stellar, does have the reassuring factor that the [risks of] asset price bubbles are less," says Rajat Nag, managing director general of the Asian Development Bank...

Author: /time Magazine | Title: India vs. China: Whose Economy Is Better? | 1/28/2010 | See Source »

...case, however, were convicted for their roles in composing and circulating the fake list. "After many years of torment, my innocence has been recognized," a solemn but relieved-looking de Villepin said outside the same courtroom where Marie-Antoinette was sentenced to the guillotine in 1793. "I harbor no rancor. I want to turn the page...

Author: /time Magazine | Title: Sarkozy Foe de Villepin Free of Smear Row | 1/28/2010 | See Source »

...believes a Fed chairman needs to act like he's worried about inflation - and actually worry about inflation - even when he doesn't think it's around the corner. Inflation fears may not be justified by data today, but they can be self-fulfilling tomorrow, and the hawks who harbor them are quite influential on Wall Street. If markets and Chinese bondholders start to lose confidence in the value of the U.S. dollar, that could trigger another panic, regardless of the rationality of their fears. A little inflation might be a good thing, but if jittery markets take a little...

Author: /time Magazine | Title: The Case for Reconfirming Fed Chairman Ben Bernanke | 1/26/2010 | See Source »

...them. But Park, the activist, asserts that a new trial will only be the first step in a struggle to revise the treaty that could take decades. "It'll certainly loosen tensions, but only a little bit," Park says. And without a conviction, many South Koreans will continue to harbor anger over what they believe was the great solvable murder that went unsolved...

Author: /time Magazine | Title: South Korea Reopens the Burger King Murder File | 1/20/2010 | See Source »

...want the impression that Yemen is the harbor of those terrorists," said Prime Deputy Minister of Foreign Affairs Mohy A. al-Dhabbi. "No, it's the other way around. They came here. We don't know about them." Indeed, Yemenis point out that the three most infamous al-Qaeda-linked figures from their country came from elsewhere: Abdulmutallab is Nigerian; Anwar al-Awlaki, the radical cleric who may have inspired both Abdulmutallab and accused Fort Hood gunman Major Nidal Malik Hasan, was born in New Mexico and studied at U.S. colleges; and John Walker Lindh, the so-called American Taliban...

Author: /time Magazine | Title: In Yemen's Capital, Fearful Talk of War with al-Qaeda | 1/6/2010 | See Source »

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