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...Therein lies a critical challenge for Asia. Unless it comes up with a new source of demand to support its export-led growth model, Asia will face stiff and enduring headwinds. Nowhere is this more evident than in China, where the mood has turned particularly upbeat. While I no longer doubt that China's performance will be better than expected in 2009, there is good reason to be wary of extrapolation. China's incipient rebound relies on a timeworn stimulus formula: upping the ante on infrastructure spending to support growth in anticipation of a return of global demand for Chinese...

Author: /time Magazine | Title: Kidding Ourselves About an Asian Recovery | 6/8/2009 | See Source »

...take a closer look at all the costs - time to market, quality control, etc. - of stringing their supply chains across oceans. While shipping rates have since subsided, the shift in mind-set among executives has stuck, says John Ferreira, head of the manufacturing practice at Archstone Consulting. No longer is there a herd mentality pushing them to China and other faraway places, he says. When Ferreira surveyed U.S. and European manufacturing execs late last year, almost 90% said they were contemplating bringing some operations home or at least closer...

Author: /time Magazine | Title: The End of the Big Business-China Love Affair | 6/8/2009 | See Source »

...took more questioning, and some interrogators' sleight of hand, before the Yemeni gave up a wealth of information about al-Qaeda - including the identities of seven of the 9/11 bombers - but the cookies were the turning point. "After that, he could no longer think of us as evil Americans," Soufan says. "Now he was thinking of us as human beings...

Author: /time Magazine | Title: After Waterboarding: How to Make Terrorists Talk? | 6/8/2009 | See Source »

...persuade him that giving up Saddam could lead to the release of his friends and family. Then Maddox played his final card: "I told him he had to talk quickly because Saddam might move," he says. "I also said that once I got on the plane, I would no longer be able to help him. My colleagues would just toss him in prison. Instead of saving 40 of his friends and family, he'd become No. 41." It worked. That evening, Ibrahim's directions led U.S. forces to Saddam's spider hole...

Author: /time Magazine | Title: After Waterboarding: How to Make Terrorists Talk? | 6/8/2009 | See Source »

...guys," says Brewer, and become the new favorite sport of celebrities - Julia Roberts recently bought a board at Brewer's shop, joining the paddling ranks of Kate Hudson, Jennifer Aniston, Matthew McConaughey and Lance Armstrong, among others. It's already spawned new manufacturing: the SUP boards are specially designed, longer and wider than traditional boards. Meanwhile, multiple SUP magazines are now being published, races and wave-riding contests are popping up every month, and, as with any new-wave trend, a whole slew of entrepreneurs are trying to cash in, selling everything from boards and paddles to board bags...

Author: /time Magazine | Title: What's SUP? A Surf Sport That Needs No Ocean | 6/8/2009 | See Source »

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