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...factories - the $15 sweaters, the $25 sneakers, the sub-$100 DVD players - may start getting pricier as the mainland struggles to bring its runaway economy under control. Not all economists agree it's inevitable, but some are warning that an era during which low-cost Chinese production helped to maintain unusually stable prices for manufactured goods around the world is coming to an end. This view isn't held just by a few lonely bears in the wilderness. In his new book and in recent newspaper interviews, former U.S. central-bank chairman Alan Greenspan has been emphasizing that prices...

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

...Vietnam's leaders believe they have little choice. To maintain economic growth of around 8% per year, the state power company, Electricity of Vietnam (EVN), needs to double its capacity to an estimated 26,000 megawatts by 2010. Vietnam's hydropower potential is nearly exhausted - the 2,400-megawatt Son La dam now under construction is the last feasible major project, EVN spokesman Nguyen Duc Long says. Prices for natural gas, another fuel source for electrical generators, are up 15-20% over last year, and domestic gas reserves are too small to meet demand. Vietnam is planning nuclear power plants...

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

...made a rare foreign visit, traveling by train (he reportedly abhors flying) to the booming southern Chinese city. Kim may see China as more than a path to prosperity. "To him it's an assuring message," says Mansourov. "Even if you open up economically, you can still maintain political control for his regime and his family...

Author: /time Magazine | Title: Risky Business | 10/11/2007 | See Source »

...back. "I find that particular section moving," says Affleck. "You're in a world out there that's hostile. Bad things are going to happen to you. You're going to be scorned. How do you reconcile these two sides of yourself? What are you going to do to maintain your innocence? I guess I think it's a hard thing to figure out how to do, being serpents and doves, but I think it's beautiful because you want to be able to do it. It sounds kind of wonderful if you could...

Author: /time Magazine | Title: That Director Looks Familiar | 10/10/2007 | See Source »

...rusty. They are in a good shape and they will, almost certainly, continue to shine. The tremendous success of higher education in this country has lasted so long partly because of a mixture of charity, pride, and personal freedom, elements that must be preserved in order to maintain quality. The inseparable part of quality, however, is money...

Author: By Jan Zilinsky | Title: Is Harvard good for society? | 10/10/2007 | See Source »

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