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...breach opened by retreating American spenders. But that hope, too, is fading. Though Chinese spending is so far holding up - retail sales of consumer goods jumped 23% in September - household consumption, at only 40% of GDP (compared with about 65% in industrialized countries), isn't yet substantial enough to maintain China's high growth rates. "I don't think [domestic spending] will replace what has been lost in exports," says UBS economist Wang Tao. Nor will it offset another weakening pillar of China's economy: real estate. Rampant construction of new office towers and apartment blocks in recent years...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

...doesn’t make sense. Despite the fact that, after last year’s fiasco, HUDS has given us back whole wheat carbs and white chicken, the bounteous array of cream cheese brownies and popcorn chicken doesn’t exactly make it easy for us to maintain a healthy lifestyle...

Author: By Stephanie M. Woo, CONTRIBUTING WRITER | Title: The Death of Calorie Cards: Hate it | 10/22/2008 | See Source »

...Afghan government. "It's like a feudal system," says Captain David Panian, a U.S. reservist now training Afghan Police in Western Afghanistan. "The baron pays the count, the count pays the duke, the duke pays the king. So if you are Joe Chief of Bala Beluk, in order to maintain your job you have to give X amount to the provincial guy, and he has got to give it to the regional...

Author: /time Magazine | Title: Policing Afghanistan | 10/21/2008 | See Source »

...months since March, another 720 police have died. "Our police have changed to a combat force," says Munir Mohammad Mangal, the deputy minister of interior in charge of police. "The ANA goes to an area, clears it and leaves. But the police have to stay in one place and maintain security...

Author: /time Magazine | Title: Policing Afghanistan | 10/21/2008 | See Source »

...That, too, was in part to maintain the element of surprise - another bit of the old general's doctrine at work...

Author: /time Magazine | Title: Powell's Endorsement: Months in the Making | 10/20/2008 | See Source »

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