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...second quarter - real wages of urban workers have been soaring at double-digit rates, rising 18% in the first half of this year alone, according to the government. Add in higher raw-materials prices, and manufacturers are facing increases in production costs they may no longer be able to absorb. The costs will be passed along to consumers worldwide, a situation that will be made worse by a strengthening Chinese currency. "Internationally, the price of imports from China will come up," says Chen Xingdong, chief China economist for BNP Paribas Securities. "The increase will be inevitable." There's evidence...

Author: /time Magazine | Title: Bloated Dragon | 10/11/2007 | See Source »

...more than those produced by road traffic, which account for 17% of the world's CO2 emissions, according to the International Energy Agency. Inventor worries that by committing to coal, countries such as Vietnam are making a mistake that will be difficult, if not impossible, to undo. "In the longer term, we believe this will be a losing proposition for Vietnam," Inventor says...

Author: /time Magazine | Title: Power Puzzle | 10/11/2007 | See Source »

...showcase the latest work of one world-class photojournalist, we remember another who is no longer with us. Alexandra Boulat, who passed away in Paris on Oct. 5, was frequently on assignment for Time. As fearless as she was talented, she covered wars in the former Yugoslavia, Iraq, Afghanistan and the Palestinian territories, where she suffered a brain aneurysm last June. She had a gift for capturing the condition of societies, especially women, caught in bloody conflicts. I particularly recommend her multimedia piece on Palestinian rappers and her powerful first-person account of a riveting photo-essay from Gaza--both...

Author: /time Magazine | Title: Hope and Despair | 10/11/2007 | See Source »

...companies are beginning to screen expat candidates to make sure they've got it. "Companies used to think that whoever was successful here would be successful anywhere else, and so they'd send that guy," says Ramakrishnan of CTPartners, which is based in New York City. "That is no longer the case." Through a battery of tests, including psychological profiling and hypothetical scenarios, the firm tries to identify ideal candidates by looking for clear demonstrations of flexibility: interest in other cultures, knowledge of at least one other language, varied careers...

Author: /time Magazine | Title: The New Expatriates | 10/11/2007 | See Source »

...allegation that South Africa's state organs are being used as battlegrounds for the ANC's internal feuds seem fair. But they may no longer have grounds to complain that the process in which the ANC will choose the next President of South Africa is less than transparent...

Author: /time Magazine | Title: South Africa's Succession Fight | 10/10/2007 | See Source »

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