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China now allows most of it major companies to be privatized and traded on public stock exchanges. It is the largest owner of U.S. Treasuries in the world and a major investor in private businesses through its sovereign wealth fund. The Chinese banking system has clearly been developed by the government to encourage the creation of private enterprise. Parts of the financial and commercial structure of China are still owned by the state, but the government's once-famous totalitarian grip on the economy appears to be loosening some each year...

Author: /time Magazine | Title: Trading Places: China and the U.S. | 3/5/2009 | See Source »

...Porn in the USA: Conservatives are biggest consumers.” Despite the correlation between religion and pornography, Edelman downplayed over-politicizing his findings, instead putting an emphasis in his study on the more cautious conclusion that “there’s little sign of a major divide” in porn access across the U.S. “There are strong correlations,” he said, “and yet you need to be careful about what that tells you. Maybe the liberal people in the conservative regions are getting their porn online rather than...

Author: By Alexander J. Ratner, CONTRIBUTING WRITER | Title: Study Links Porn to Politics | 3/4/2009 | See Source »

...task force's website, but while tickets for the Philadelphia meeting were distributed to labor and environmental groups, the task force did not accept questions from the audience. "If Biden and his team want to go into this [middle-class issue]," says Daniel Morris, communications director of the Drum Major Institute, a think tank that analyzes middle-class policy issues, "they're going to need to talk to real members of the middle class. There's no substitute for immediate intimate interaction...

Author: /time Magazine | Title: Obama's Middle-Class Task Force Has No Middle Class | 3/4/2009 | See Source »

...ugly, but it's true: when a Washington power player looks set to fall, the capital drools. So Treasury Secretary Timothy Geithner found himself the object of intense interest when he went before the House Ways and Means Committee to testify on Tuesday. It was his first major public appearance since his less than inspiring rollout on Feb. 10 of a half-baked plan to save banks that left Washington and Wall Street whispering that Geithner, 47, wasn't ready for prime time...

Author: /time Magazine | Title: Geithner Tries to Resell the Bank Plan — and Himself | 3/4/2009 | See Source »

...Islam, it is the translation of a book-length interview two Italian journalists conducted with Samir in 2002 in the wake of the 9/11 attacks. The priest says that in reviewing the material before the English-language release, he was struck by how little there was to update. "The major points that I laid out are the same today, after more than six years," Samir told TIME in a telephone interview. "This means the problems that we face with Islam continue to be more or less the same...

Author: /time Magazine | Title: The Jesuit Who Inspired the Pope's Ideas on Islam | 3/4/2009 | See Source »

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