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...powerful strain of export-led growth. Moreover, to the extent that its currency-management objectives required ongoing recycling of a massive reservoir of foreign-exchange reserves into U.S. dollar - based assets, such capital inflows helped keep longer-term U.S. interest rates at exceptionally low levels. In effect, China's implicit interest-rate subsidy ended up becoming an important prop to bubble-prone U.S. asset markets and, ultimately, for the asset-dependent American consumer...

Author: /time Magazine | Title: The Evolution of Asia | 10/12/2009 | See Source »

...Post that sent reporters to stalk the humiliated Ruth Madoff on the Manhattan subway, photographers to capture her at the worst possible moments, and writers to transcribe every last angry word she said as she tried to escape their questions. We find The Post’s implicit condemnation of The Voice’s actions to be as hypocritical as we do amusing...

Author: By The Crimson Staff | Title: The Emma Debacle | 10/6/2009 | See Source »

...pilgrimages to Mecca and published children's books), few were suspicious when Ezzeddine promised investors a share of his business with the lure of outstanding returns - from 20% to 40% - and few details of how the plan worked or guarantees or paperwork. Still, what he seemed to have - the implicit backing of Hizballah, the popular anti-Israeli militant group and political party - was as good as gold to its many loyal followers among the Shi'ites of Lebanon...

Author: /time Magazine | Title: Lebanon's Bernie Madoff: A Scandal Taints Hizballah | 9/16/2009 | See Source »

...international celebrity as any of his subjects, Stone is ever willing to interrupt an interview for some schmoozing or fun. He kicks a football around with Chávez, shares coca leaves with Morales, quizzes Kirchner on how many pairs of shoes she owns. (A little annoyed at the implicit comparison to Imelda Marcos, Kirchner replies, "If I were a man, would you ask me how many pairs of pants I own?") Accompanying Chávez to the mud hut where he was born, Stone directs the President in a scene: ride around the yard on the bicycle...

Author: /time Magazine | Title: South of the Border: Chávez and Stone's Love Story | 9/8/2009 | See Source »

...black women, hair has classification power (witness the connection Don Imus made between hair and sexual promiscuity when he referred to the Rutgers women's basketball team as "nappy-headed hos"). Just as blond has implicit associations with sex appeal and smarts (or lack thereof), black-hair descriptors convey thick layers of meaning but are even more loaded. From long and straight to short and kinky - and, of course, good and bad - these terms become shorthand for desirability, worthiness and even worldview. (See pictures of Michelle Obama's fashion diplomacy...

Author: /time Magazine | Title: Why Michelle Obama's Hair Matters | 9/7/2009 | See Source »

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