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...this credit flood has been directed mainly at large, state-owned companies. It has not been trickling down to the country's private small- and medium-size enterprises (SMEs), which continue to have difficulties securing loans, even though the global credit crisis has abated. The People's Daily newspaper reported in late June that SMEs have received less than 5% of the total volume of loans. That's not just a problem for private business owners. Because their firms do a better job of creating employment than state-owned enterprises, the credit crunch creates headaches for policymakers trying to limit...

Author: /time Magazine | Title: In China's Lending Boom, Small Businesses Go Begging | 7/15/2009 | See Source »

...There's a lesson there for other medium-sized powers. It is surely one that the rich nations of Western Europe, which at times carry themselves as if someone else will always look after their defense, could take more seriously. In the meantime, Rudd will continue with his multilingual diplomacy, trying to convince other world leaders that his pet idea of an Asia-Pacific Community won't just add to the alphabet soup of regional forums that litter the calendar with ineffectual meetings...

Author: /time Magazine | Title: Mr. World: Kevin Rudd | 7/13/2009 | See Source »

...today's generation, medium and content are on equal footing. Should I decide to join Twitter, my first tweet would be this: "Nothing can replace face-to-face communication." Sherwin Diaz Castillo, Manila...

Author: /time Magazine | Title: Inbox | 7/13/2009 | See Source »

Strickland knew there was a global market for rubber wood, which is used for furniture and medium-density fiberboard. He also knew there was an emerging market in wood power generation. Wood may not be the most efficient energy source, but replacing a tree with a growing sapling is basically carbon neutral because the sapling sucks in more carbon dioxide per mass than a mature tree. With volatile oil prices and environmental concerns boosting interest in wood energy on both sides of the Atlantic, Strickland saw an opportunity. "We're the closest supplier to Europe and the U.S.," Strickland says...

Author: /time Magazine | Title: Rebuilding Liberia | 7/13/2009 | See Source »

...Twenty years ago, Jackson was concluding one of the hottest decades enjoyed by any star in any medium. Twenty years before that, he was a magic child, the Prince of Pop. It would be a blessing if he could be remembered for the joy he engendered and the musical kingdom he created and - if we see that last rehearsal tape - the artist he was about to prove he still could...

Author: /time Magazine | Title: The Battle Over Michael Jackson's Legacy | 7/2/2009 | See Source »

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