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...counters that everything he has done is in Taiwan's best interests, especially concerning the economy. The global financial crisis hit trade-dependent Taiwan especially hard. Exports in April plunged a staggering 34% from the same month in 2008 - the sixth consecutive monthly double-digit decline - as demand for the island's computer and electronic equipment shriveled in the U.S. and Europe. The government expects GDP to contract 3% in 2009; some private estimates predict worse. The severity of the crisis brought new urgency to the effort to improve ties with China in order to capitalize...

Author: /time Magazine | Title: Building Bridges to China | 5/25/2009 | See Source »

...tact, however, Boutros-Ghali is not averse to holding up a mirror to the rich nations every once in a while. On the eve of last month's G-20 summit in London, he warned that giant stimulus plans like those announced by the U.S. and the U.K. could lead to a humanitarian catastrophe in the developing world, because borrowing by rich countries would divert funds from the poor. "People are going to die, babies are not going to get the proper nourishment," Boutros-Ghali said. "Poverty is at the doorstep, something needs to be done." (See pictures of poverty...

Author: /time Magazine | Title: Boutros-Ghali's Developing Vision for the IMF | 5/25/2009 | See Source »

...city's first outbreak of swine flu occurred about a month ago, when more than 1,000 teenagers at a Catholic high school in Queens began falling ill following the return of several students from vacations in Mexico, the epicenter of the outbreak...

Author: /time Magazine | Title: Woman Become NYC's 2nd Swine Flu Death | 5/24/2009 | See Source »

...month after the H1N1 virus first grabbed the world's attention, we're still pondering the essential question: how afraid of swine flu should we be? The answer is that we may not know for weeks or months - the world has been hit with pandemics before, but what is happening now is unprecedented. "For the first time in humanity, we are seeing, or we may be seeing, pandemic influenza evolving in front of our eyes," said Margaret Chan, the director-general of the WHO, at the agency's annual meeting...

Author: /time Magazine | Title: 5 Burning Questions About Swine Flu | 5/22/2009 | See Source »

...November, the presiding judge banned publication of the case's details other than procedural decisions and the final verdict. That same month, a defense lawyer for Moustafa confirmed to CNN that his client had been romantically involved with the singer, and that he had been unable to take Tamim as a second wife because his family had objected. (Polygamy is legal in Egypt...

Author: /time Magazine | Title: Hisham Talaat Moustafa: Egypt's Condemned Tycoon | 5/22/2009 | See Source »

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