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Meet the American consumer of late 2007. Sure, he's worried. Apart from a brief blip after Hurricane Katrina in 2005, the University of Michigan's much watched Index of Consumer Sentiment hasn't been this low since 1992. But buying stuff is what we Americans do. The last outright decline in consumer spending came in 1991, and that was shallow and short-lived. Most indications are that this year's Christmas shopping season will be, if not exactly a blowout, better than the last...

Author: /time Magazine | Title: Bracing for a Recession | 11/29/2007 | See Source »

...Surprised at the findings? The index is less about total funding (although, per capita, the U.S. is no world leader by that measure either), and more about how well aid dollars reach their beneficiaries. The index ranks 22 developed countries and the European Commission on how consistently each adheres to guidelines they all approved in 2003, the Principles and Good Practice of Humanitarian Donorship...

Author: /time Magazine | Title: US Ranked Low in Humanitarian Aid | 11/29/2007 | See Source »

...tool to evaluate governments' humanitarian spending can help countries get aid out more efficiently to those who need it, say former U.N. Secretary-General Kofi Annan and the Spain-based non-profit DARA. Their Humanitarian Response Index (HRI), launched Thursday in London, ranks Sweden as the world leader in humanitarian aid. Norway comes second, followed by Denmark, the Netherlands and the European Commission. The U.S. scores a lowly 16th out of 23. (See the full rankings below...

Author: /time Magazine | Title: US Ranked Low in Humanitarian Aid | 11/29/2007 | See Source »

...reduced from half the population at independence to just 5% today, as an affirmative-action policy created a prosperous Malay middle class that had never before existed. In Asia, only the nations of Singapore, Japan, South Korea and Brunei rank higher than Malaysia in the U.N.'s Human Development Index. Most impressively, while other multiethnic nations like Yugoslavia, Sri Lanka and Rwanda fractured into conflict, Malaysia has largely kept peace between groups that include Muslim Malays (about 50%); Buddhist and Christian Chinese (roughly 25%); Hindu, Sikh and Muslim Indians (less than 10%); and indigenous peoples, who abide by many faiths...

Author: /time Magazine | Title: Identity Crisis | 11/28/2007 | See Source »

...media to maintain "peace and harmony" by blacking out debate over Islam's role in the state. The censorship disappoints journalists who were pleased when Abdullah initially allowed for more freedom of expression than predecessor Mahathir. In October, Malaysia received its worst-ever ranking in the worldwide press-freedom index compiled by watchdog Reporters Without Borders, falling by 32 places to No. 124. The drop was due, in part, to two separate cases in which a blogger and a publisher of an online newspaper were both pulled in for official questioning. "There's lots of intimidation toward people who speak...

Author: /time Magazine | Title: Identity Crisis | 11/28/2007 | See Source »

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