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...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 on one of the world's few remaining sources of growth. "If we had not opened up to the mainland, we would suffer more," Ma says...

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

...current crisis, the IMF faces a familiar dilemma: Should borrowers be required to undertake wholesale reforms in order to win loans? In the past the IMF has imposed tough conditions on borrowers, requiring them to prioritize economic and financial reforms ahead of political and social considerations. It's an issue that must be addressed anew, says Boutros-Ghali. "You want a minimum set of policies to make sure things don't get worse," he says. "[But] do we tell them to adjust right now, when it's most difficult? Or do we just give them the money...

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

Like many Muslim Americans, Amanullah grew up eating Jewish kosher food in order to conform to Muslim strictures on animal slaughter. But increasingly, there's no need for Muslims to go kosher. Zabihah offers tens of thousands of reviews of halal restaurants, from fried chicken joints in Dallas to pan-Asian restaurants in Singapore. Says Amanullah: "We can't keep...

Author: /time Magazine | Title: Halal: Buying Muslim | 5/25/2009 | See Source »

...Mariposa in Manuel Antonio, Costa Rica, is a popular destination (satisfied guests include TIME.com's deputy photo editor), with rooms starting at $150. You can go zip-lining through the rain-forest canopy, sport fishing or whitewater rafting. Not an über-outdoorsman? Then head down to the beach, order cocktails at the hotel's three pools or take a free shuttle to the crown jewel of the region: Manuel Antonio National Park, where the jungle is brimming with howler, white-faced and squirrel monkeys. Try a guided hike to get the most out of the rain-forest experience...

Author: /time Magazine | Title: Oceanside Luxury Made Affordable (Think Mexico) | 5/25/2009 | See Source »

...tonight, at the closing ceremony, the Cannes Jury restored order. French star Isabelle Huppert, the jury president, and her majority-female panel bestowed most of their benisons on difficult art films, not movies that strain to entertain. In a festival where 12 of the 20 competition films ran two hours or longer, and five clocked in near two and a half hours, the top honors went to a pair of these epic-length dramas. Austrian and French films received the top two prizes; an Austrian actor and a French actress took the awards for best performances, in English-language films...

Author: /time Magazine | Title: Haneke's The White Ribbon Wins Cannes Palme d'Or | 5/24/2009 | See Source »

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