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...Shari'a-law banks, which had terminated their zero-interest-rate facilities for Shanghai hedge funds. Others saw the sinister hand of the Russian-controlled OGEC (Organization of Gas Exporting Countries), which had stunned energy importers in Asia by trebling natural gas prices. Either way, the impact was disastrous. Output collapsed. Unemployment soared. The Chinese banking system, which had never been entirely free of corruption, imploded...

Author: /time Magazine | Title: The Nation That Fell To Earth | 9/3/2006 | See Source »

Cleaning up the mess is the responsibility of the species that made it, and that job starts with coal. The 440 coal-fired power plants in the U.S. produce about 48 tons of mercury a year--40% of the nation's total output, by some estimates. The Clinton Administration did not attack the problem until its final year, when it issued a proposal that would have required a 90% cut in power-plant mercury by 2008. President George W. Bush has discarded the Clinton rule in favor of a looser standard that would result in only a 70% reduction...

Author: /time Magazine | Title: Mercury Rising | 9/3/2006 | See Source »

...locked on her target with a laser beam and pulled the trigger, sending a 6-lb. practice shell 1,000 yds. directly to its mark. "I loved it!" exclaimed Thatcher. Peking Jan. 6, 1986 Life is getting better, fast, for many Chinese. Industrial production has leaped along with food output. Early in 1985 it was increasing at an annual rate of 23%, a pace Deng Xiaoping and his planners judged too rapid. They ordered a slowdown to avoid shortages and worsening inflation. In Mao's days, Chinese consumers dreamed of buying the "three bigs": a bicycle, a wristwatch...

Author: /time Magazine | Title: A Time For Change | 8/20/2006 | See Source »

...Exports from Shenzhen reached $101.5 billion in 2005?13% of China's total. Today the city is home to some of China's most important electronics manufacturers, such as telecom-equipment firm Huawei Technologies and mobile-phone maker ZTE. (Electronics products make up about 60% of Shenzhen's industrial output, according to Enright, Scott & Associates...

Author: /time Magazine | Title: The Birth and Rebirth of Shenzhen | 8/14/2006 | See Source »

...heart rate is elevated, but his pressure is still low and his urine output has dropped off, doctor. His CBC and chemistries are okay and his temp is only 99. He looks very pale and sick and he's going crazy, agitated. He knows where he is but he won't stay still. I can't get him to stop picking at his dressing...

Author: /time Magazine | Title: Hair of the Dog | 7/20/2006 | See Source »

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