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...While some filmmakers are lucky enough to secure funding from elsewhere - Yu Lik-wai's Venice competition entry Plastic City has partners in Hong Kong, Brazil, Japan, France and China - the choice facing most directors is stark. "You either do very low-budget films for the local market, or some side markets like Southeast Asia, or you do really huge, huge-budget films as a co-production with China," says Lau. Medium-sized productions are few, meaning that up-and-coming directors are finding it hard to make the transition to mainstream features. Occasionally, established filmmakers will nurture prot...

Author: /time Magazine | Title: The China Syndrome | 7/31/2008 | See Source »

...evident power and influence that developing nations now have on the international economic agenda. Seven years ago, before Iraq, the subprime meltdown and $140-a-barrel oil, the world economic order was easier to maneuver. But the intervening years have seen huge growth - and concomitant influence - outside the U.S., Japan and Western Europe...

Author: /time Magazine | Title: Global Trade Talks Collapse | 7/30/2008 | See Source »

...flyer for a "Turkish Blues Night" hosted by Istanbul, the key rings from many cities showing bridges and interlocking circles. I can remember Desmond Tutu bringing his irrepressible charm and authority to the cause of Cape Town, while flocks of bright young things tried to seduce us toward Osaka, Japan, or Paris or the "next great international city," Atlanta. One result of covering six Olympiads for this magazine was that I came to see that the real competition on display at any Olympic Games is not on the track or in the pool but offscreen, among the many ferociously determined...

Author: /time Magazine | Title: The Olympic Challenge | 7/24/2008 | See Source »

...being oppressed (like Uighurs and Mongolians and millions of Han Chinese freethinkers) by the government in Beijing--consistently says that the world needs China and that this Olympics should go on, ushering the planet's largest nation into a real sense of global brotherhood and peace. In Japan, where I live, and in Seoul, whose Summer Games I covered, long-ago Olympiads are still cherished as the historic moments when their countries had to become accountable to their new status within the executive club of nations...

Author: /time Magazine | Title: The Olympic Challenge | 7/24/2008 | See Source »

...United Auto Workers' study projects that the percentage will rise to 28% by 1995. Robert Reich, a political economist at Harvard and author of The Next American Frontier, is an outspoken critic of this development. Says he: ''If American workers get stuck assembling and distributing sophisticated gadgetry from Japan and elsewhere, they are not building world-class skills.'' The ultimate price for industrial obsolescence is now being paid in Homestead, Pa. (pop. 4,500). In 1892, on the banks of the Monongahela River, striking steelworkers fought Pinkerton detectives who had been hired by Carnegie Steel to squelch their protest...

Author: /time Magazine | Title: SINGING THE SHUTDOWN BLUES U.S. industry undergoes a wrenching change, but it could be for the good | 7/21/2008 | See Source »

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