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...binge is being fueled in part by optimism that Beijing's $586 billion stimulus program will drive a turnaround in the sagging economy. "After a brief pause, China's appetite for natural resources has returned to buoyant levels," Jing Ulrich, chairman of China equities at JP Morgan in Hong Kong, wrote in a report last month...

Author: /time Magazine | Title: Commodities Conundrum | 5/18/2009 | See Source »

...which now directly contributes to 30% of the Maldives' GDP. In a country short on land, construction became a lucrative business: the cramped capital Malé, where more than a third of the population lives, is a maze of concrete. Rents sometimes match those of world cities such as Hong Kong or New York City, and a bleary-eyed community of foreign laborers hammers away at building sites daily. That's quite a change. Not long ago, Malé was a sleepy fishing island with sand-packed streets and pens for livestock, only reachable after a perilous weeklong journey...

Author: /time Magazine | Title: The Maldives' Struggle to Stay Afloat | 5/18/2009 | See Source »

...that countries in the developing world are totally unprepared for a pandemic. That's especially true in Africa, where many nations lack pandemic plans altogether, even though high rates of HIV infection there would probably worsen the toll of flu. But there are international models the U.S. can follow. Hong Kong was ravaged by SARS in 2003, but today the city has 20 million courses of Tamiflu--three times its population. (The U.S. Federal Government has enough for just one-sixth of the population, with additional stockpiles held by states.) Holiday camps on the fringes of Hong Kong have been...

Author: /time Magazine | Title: How to Prepare for a Pandemic | 5/18/2009 | See Source »

...world have stepped up preventive measures that seem to be keeping the virus under control. But Japan's weekend cases are not alone; by Sunday, the U.K. confirmed 14 more cases, while Turkey and India both announced their first, bringing the number of countries affected to 39. In Hong Kong, a 23-year-old student returning from North America became the territory's third swine flu case, and the 63 passengers who sat closest to him on his flight are being tracked by government officials to be quarantined for a week in a remote holiday camp in the region...

Author: /time Magazine | Title: Schools Close As Spike in Swine Flu Cases Hits Japan | 5/18/2009 | See Source »

...Authorities in East Asia - which has suffered heavily in recent years from outbreaks of various infectious diseases - have clamped down early and quickly on suspected cases of swine flu. Just over a week ago, Hong Kong released some 300 people stuck at a business hotel after cooping them up in a weeklong quarantine when one guest was found to be carrying the virus. The city, one of Asia's busiest business and travel hubs, was ravaged by the 2003 SARS epidemic as well as subsequent scares over avian flu. As a consequence, its counterpandemic procedures are among the most draconian...

Author: /time Magazine | Title: Schools Close As Spike in Swine Flu Cases Hits Japan | 5/18/2009 | See Source »

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