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...more domestic spending by the government and attempts to boost Chinese consumers' spending. True, neither is necessarily bad news for foreign firms. It has, however, also meant an increasing reluctance to let U.S. companies call the shots in China. The most visible evidence of this was the denial in March of Coca-Cola's bid to buy juicemaker Huiyuan, but Bremmer says that's just the tip of the iceberg. "The ability of Western companies to do effective business in China over the next five years is going to be increasingly limited," he says...

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

...million times, more even than footage of style-deprived singer Susan Boyle. The top three stand-up-comedy DVDs on Amazon's best-seller list are Dunham's. And his Very Special Christmas Special last November, featuring Achmed, was the highest-rated show Comedy Central has ever aired. In March the network signed him to a massive series/special/DVD/book/tour deal. "I look at it like a very large aircraft taking off," says Dunham. "It takes a long runway to get anything significant up in the air." (See pictures of Susan Boyle's road to fame...

Author: /time Magazine | Title: The Puppet Master | 6/8/2009 | See Source »

...from Arab nationalists and the backing of Iran and Syria. Meanwhile, many Lebanese Shi'as revere Hizballah for its social and educational-development programs. Many Western governments, meanwhile, consider it a terrorist group; it was placed on the U.S. State Department's terrorist list in 1999. Lebanon's ruling March 14th coalition has also blamed the organization for destabilizing the region and unnecessarily embroiling Lebanon in a near-30-year conflict with Israel. In 2006, a second conflict exploded between Hizballah and Israel; the resulting battle killed more than 1,000 Lebanese civilians, only adding to Lebanese discontent with Israel...

Author: /time Magazine | Title: Hizballah | 6/8/2009 | See Source »

...nightmare that began on March 17 for the two American journalists kidnapped by the North Koreans along the Chinese border got worse on Monday: Euna Lee, 36 and the mother of a 4-year-old, and Laura Ling, 32, were each sentenced to 12 years in prison by North Korea's highest court. Their crime: illegal entry into the country and "hostile acts." The sentence - "reform through labor" - raises the prospect that the two could be sent into North Korea's notorious system for political prisoners - the so-called kwan li so, which are infamous for their mistreatment of prisoners...

Author: /time Magazine | Title: Jailed U.S. Reporters: Business As Usual for North Korea | 6/8/2009 | See Source »

...regime has also kidnapped several hundred South Koreans over the years - usually also to help train its spies, but not always. Since late March, the North has detained a South Korean business executive who was working at the Gaesong Industrial District, a site just across the border, where scores of South Korean companies set up light manufacturing operations. The project was arguably the most visible success of the so-called Sunshine Policy run by Roh Moo Hyun, the former South Korean President who committed suicide in May. Pyongyang revoked all the contracts at Gaesong last month and has continued...

Author: /time Magazine | Title: Jailed U.S. Reporters: Business As Usual for North Korea | 6/8/2009 | See Source »

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