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...been trying to keep their currencies from appreciating against the dollar?an increasingly difficult challenge as their economies strengthened. Yuan reform could remove the first log from the logjam?the Japanese yen, Korean won and Thai baht all rose against the greenback immediately after China revalued. And within an hour of Beijing's announcement, Malaysia ended its 7-year-old peg of the ringgit to the dollar, which was imposed during Asia's financial crisis to help stabilize the faltering economy. Malaysia had to move almost immediately after Beijing acted, or else the speculative pressure from punters betting...

Author: /time Magazine | Title: The Yuan Effect | 7/25/2005 | See Source »

...into Patricia Schulz's bestselling 1,000 Places to See Before You Die, and each year up to 12,000 Stevensonians, tourists and scholars climb the hill to peer into the world of a man who has kidnapped the imagination of generations. Devoted pilgrims will hike a further hour to the author's final resting place on the peak of Mount Vaea. Here, under the breadfruit trees, they can wonder about his death at 44 from a brain hemorrhage, whose suddenness turned his life "into a fable as strange and romantic as one of his own," Henry James wrote...

Author: /time Magazine | Title: Treasure of the Islands | 7/25/2005 | See Source »

...child growing up on the island of Savaii, an hour's ferry ride and a world away from Apia, the capital, Sima recalls "chasing after cars, because it was such an unusual sight. And kids are still chasing after cars." These days, Urale does her chasing with the camera. In 1992, after realizing the world wasn't going to come to her as an actor, Urale enrolled at Melbourne's renowned Swinburne film school (now the Victorian College of the Arts). To help raise funds for her studies, friends and family pulled together to organize a "Cyclone Sima" appeal...

Author: /time Magazine | Title: Shaking Up the Happy Isles | 7/25/2005 | See Source »

...Americans weren't scary enough behind the wheel, our cars are becoming as diversion-packed as our homes. Customizers have started installing TV screens in the front seat of vehicles, allowing drivers to watch movies as they weave in and out of rush-hour traffic. If you think some jerky lawyer yammering on his cell phone is a road hazard, just imagine how deadly he'll be while watching Braveheart at the same time...

Author: /time Magazine | Title: My Roving Barcalounger | 7/24/2005 | See Source »

That, more or less, has been the case with treating any current war on series TV. During Vietnam, M*A*S*H satirized the Korean War, while on The Smothers Brothers Comedy Hour Pete Seeger sang Waist Deep in the Big Muddy, a protest song nominally about World War II. Hogan's Heroes, China Beach, even Operation Petticoat took place years after the hostilities. Only old wars were ready for prime time...

Author: /time Magazine | Title: Television: Missing in Action | 7/24/2005 | See Source »

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