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...account and an undervalued renminbi (RMB) were icing on the cake for China's 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 »

...cover story on Glenn Beck is the equivalent of giving a terrorist publicity for setting off a bomb [Sept. 28]. Beck is a charlatan: he has made himself rich off people's fears without making the slightest constructive comment about national issues. Instead, he has spread innuendo to keep his audience happy. He's a TV evangelist who makes altar calls and then drives away in his Cadillac...

Author: /time Magazine | Title: Inbox | 10/12/2009 | See Source »

...youths ages 11 to 18 uses a tanning bed each year. Wisconsin is the only state that bans indoor tanning among kids under 16; in 28 other states, teens under 16 need parental consent or accompaniment. The U.S. Food and Drug Administration (FDA) recommendation - for adults - is to keep tanning-bed exposure to no more than three times a week during the first week of tanning. And yet a survey of more than 3,600 tanning salons in 50 states has found that 71% would turn a blind eye to that guideline when it came to teenage customers. Most salons...

Author: /time Magazine | Title: Cancer and Teen Tanning: Where's the Regulation? | 10/12/2009 | See Source »

...will keep expanding through the pre-Halloween fright season, trying to hold off other horror pictures - The Stepfather, Saw VI, The House of the Devil and Cirque du Freak: The Vampire's Assistant - at least until the last weekend of October. That's when we get the one back-from-the dead movie that won't be stopped: Michael Jackson's This...

Author: /time Magazine | Title: Box-Office Weekend: Couples Fills a Vacuum | 10/11/2009 | See Source »

...when last we saw a world without nuclear weapons, human beings were killing one another with such feverish efficiency that they couldn't keep track of the victims to the nearest 15 million. Over three decades of industrialized war, the planet averaged about 3 million dead per year. Why did that stop happening? (See the top 10 Obama-backlash moments...

Author: /time Magazine | Title: Want Peace? Give a Nuke the Nobel | 10/11/2009 | See Source »

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