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Researchers found that 42% of people surveyed in the U.S. had tried marijuana at least once, and 16% had tried cocaine. About 20% of residents surveyed in the Netherlands, by contrast, reported having tried pot; in Asian countries, such as Japan and China, marijuana use was virtually "non-existent," the study found. New Zealand was the only other country to claim roughly the same percentage of pot smokers as the U.S., but no other nation came close to the proportion of Americans who reported trying cocaine...

Author: /time Magazine | Title: An American Pastime: Smoking Pot | 7/11/2008 | See Source »

...scant attention has been the way the region in the first half of this decade has enjoyed generally rapid growth - headlined by booms in China and India - without awakening the beast of inflation that so often roars when economies get overheated. From 2003 to 2007, Asian economies (not including Japan) expanded at an average annual rate of 8.1%, triple that of advanced economies. Over the same period, inflation in Asia averaged a relatively mild...

Author: /time Magazine | Title: Tiger Trap | 7/10/2008 | See Source »

...investment and consumption that generates growth, threatening to put the brakes on Asia's unusually fast and relatively untroubled expansion. Glenn Maguire, chief Asia-Pacific economist for Société Générale in Hong Kong, estimates that GDP growth in East Asia (excluding China and Japan) could sink from about 6.5% this year to 5% in 2009, the slowest rate since 2001. Inflation, Maguire says, "is the largest risk to Asian growth since the financial crisis...

Author: /time Magazine | Title: Tiger Trap | 7/10/2008 | See Source »

...JAPAN Prime Minister Yasuo Fukuda ATTENDING "I would not like the Chinese to become unhappy. We are neighbors, after...

Author: /time Magazine | Title: The World | 7/10/2008 | See Source »

...world's 16 biggest carbon emitters have sat down to talk about climate change?will be remembered as a lost opportunity. First of all, the 2050 pledge doesn't specify a baseline year. European leaders want to bring emissions down to 50% of 1990 levels, but host nation Japan seemed to indicate that it would be happy to use present-day levels. The difference in actual reductions would be enormous. So what appears to be a firm numerical target is just more hot aspirations?not too different from the original U.N. Framework Convention on Climate Change, which aimed to stabilize...

Author: /time Magazine | Title: Too Little, Too Late. | 7/10/2008 | See Source »

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