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...started painting pictures of Mao when he was a child "because I have always had deep feelings for him." Those sentiments come through in his depiction of Mao as a handsome young scholar standing on a mountaintop under swiftly moving clouds. With Jiang Qing's endorsement, it became a "model artwork" and was reproduced more than 900 million times. In the video, Liu explains that a group of printers came to him apologizing that his given name, Chenghua, had been misspelled as Chenhua on the first batch of reproductions. He told them not to be wasteful, that it didn...

Author: /time Magazine | Title: Seeing Red | 12/11/2008 | See Source »

...befits the subject, the Asia Society show has not been without controversy. China's Culture Ministry refused exit papers for several works, suggesting lingering unease about the Cultural Revolution. That sensitivity is not shared by art collectors, however. Some model artworks have sold in Beijing for over $1 million. One wonders what Mao would have made of that...

Author: /time Magazine | Title: Seeing Red | 12/11/2008 | See Source »

...marketplace, a key metric of growth, fell 1%, to $14.3 billion, from a year ago. The strength and popularity of Google's search, Amazon's sales and the sheer number of other Web retail sites have eroded eBay's dominance, making it harder to compete with the same business model that steered the firm through its first 10 years of jaw-dropping growth. Three years ago, eBay boasted 30% more traffic than Amazon, but today its 84.5 million active users scarcely best Amazon's 81 million customers. The troubled economy and weakness in eBay's core business contributed...

Author: /time Magazine | Title: eBay Bids for Revitalization | 12/11/2008 | See Source »

...that gets discussed a lot is the decade-plus malaise Japan fell into in the 1990s after financial and real estate bubbles collapsed there. Then there's the less well known but more encouraging Scandinavian experience of the early 1990s. Sweden in particular is now held up as the model for how to restructure a busted financial system. How did that work out for the Swedish economy? It shrank for three years running, from 1991 through 1993 - ending up 4% smaller before it began growing again...

Author: /time Magazine | Title: Don't Say the D Word | 12/11/2008 | See Source »

Intuitively, this Swedish model seems like a plausible enough scenario for the U.S. today - what Reich calls a "Mini Depression," or what one commenter on my TIME.com blog has dubbed the "Great Recession...

Author: /time Magazine | Title: Don't Say the D Word | 12/11/2008 | See Source »

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