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...million-per-year business is a microcosm of globalization in action. It buys raw cotton from Asia and Africa, ships it to Mauritius, spins it into yarn and makes it into clothes designed in-house. Those are shipped to retailers in Europe, Asia and the U.S. "We have to import all our raw materials, and we are very far from our customers," Woo says. "So the challenge is clear. We have to be the most efficient factory in the world...

Author: /time Magazine | Title: The Highs and Lows of African Oil | 11/15/2007 | See Source »

...have often admired Klein's thoughts, but in "Inflating a Little Man" he missed the mark by a mile. He wrote that Ahmadinejad's "words had no practical import, only symbolic, global import. He has very little real power in Iran." This leaves me incredulous because Ahmadinejad is the mouthpiece for the mullahs, who hold the real power in Iran. They hide behind him, sending him out in the world to do their dirty work, just as they send IEDs to Iraq to kill our soldiers. Ahmadinejad is the symbol of the very real poison emanating from Tehran. Symbols...

Author: /time Magazine | Title: Inbox | 10/18/2007 | See Source »

...yuan is indeed undervalued, and this does negatively affect the U.S. economy: The current exchange rate results in low production costs in China, allowing Chinese businesses to produce products (which they then import to the U.S.) whose prices are lower than the prices of their American-made counterparts. The U.S.-China trade deficit is, in part, a result of this phenomenon...

Author: By Justine R. Lescroart | Title: Overvalued Legislation | 10/17/2007 | See Source »

...have often admired Klein's thoughts, but in "Inflating a Little Man" he missed the mark by a mile. He wrote that Ahmadinejad's "words had no practical import, only symbolic, global import. He has very little real power in Iran." This leaves me incredulous because Ahmadinejad is the mouthpiece for the mullahs, who hold the real power in Iran. They hide behind him, sending him out in the world to do their dirty work, just as they send IEDs to Iraq to kill our soldiers. Ahmadinejad is the symbol of the very real poison emanating from Tehran. Symbols...

Author: /time Magazine | Title: Inbox | 10/12/2007 | See Source »

...this heat and division. As the dust rises and the opinions, concurrences and dissents pile up, the court turns its attention to ever smaller cases related to ever narrower points of law. There is, it seems, an inverse relationship between the passions expressed in judicial writings and the import of the cases that inspire them. In the midst of these battles, no one seems to have noticed that the stakes have diminished. This trend--a steady shrinking of the judicial role in public policy and a handing over of issues to the states--is consistent with Roberts' conservative philosophy...

Author: /time Magazine | Title: The Incredibly Shrinking Court | 10/11/2007 | See Source »

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