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...last year and has been opening up its economy to market forces. Vietnam suffers from the highest inflation in Asia; the country's Prime Minister, Nguyen Tan Dung, recently acknowledged during an interview with TIME that "promptly responding to adverse impacts of the global economy is a relatively new matter...

Author: /time Magazine | Title: Tiger Trap | 7/10/2008 | See Source »

...Well, I certainly wouldn't want to live in the 18th century myself, or the 19th either, for that matter. I am operating on a slightly smaller time frame here and thinking that there has been a real increase in inequality since the 1970s. In recent years we have seen stagnation in average people's wages and salaries and a decline in the benefits they get from their employers. So in recent years I don't think we have been fulfilling that kind of potential that historically we have always felt was America...

Author: /time Magazine | Title: Barbara Ehrenreich, Reporting From a Divided Nation | 7/9/2008 | See Source »

...what does it matter that Iran test-fired nine missiles Wednesday? "It's mostly relevant because of how it plays out in the campaign," says Suzanne Maloney, an Iran expert at the Brookings Institution. After a week of bad news, campaign restructuring and silly television spots, the missile tests are a boon for John McCain. Wednesday his campaign made hay with them, saying they showed Barack Obama's inexperience and the danger of his willingness to negotiate with Tehran. For his part, Obama tried to spin the tests to his advantage, saying they showed the Administration's policies were failing...

Author: /time Magazine | Title: More Theater Over Iran's Nukes | 7/9/2008 | See Source »

...balance, McCain has the advantage in this news cycle. Obama's inexperience on foreign affairs and previous slips on Iran are among the few issues breaking the Republican Senator's way in voters' eyes these days. But no matter which campaign reaps the most political benefit from the Iranian tests, come January the next President will find that, talks or no talks, he has the same limited diplomatic, political and military options that have forced Bush to bluff about the cards he's holding...

Author: /time Magazine | Title: More Theater Over Iran's Nukes | 7/9/2008 | See Source »

...Appearances matter - and remember to smile When Mandela was a poor law student in Johannesburg wearing his one threadbare suit, he was taken to see Walter Sisulu. Sisulu was a real estate agent and a young leader of the ANC. Mandela saw a sophisticated and successful black man whom he could emulate. Sisulu saw the future...

Author: /time Magazine | Title: Mandela: His 8 Lessons of Leadership | 7/9/2008 | See Source »

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