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...there will be plenty of pain. Kroeber and others predict a rough next few months. They also concede that a sharp decline in exports will hit China hard, possibly cutting 2.5 percentage points off growth in 2009. There's also the strong likelihood that tens of millions of dollars will disappear into China's bridges to nowhere - or into the pockets of corrupt local officials. Still, if any government can drive change by diktat, it's the Chinese Communist Party. Doomsayer Roubini writes: "The government cannot force corporations to spend or banks to lend." In fact, Beijing can do exactly...

Author: /time Magazine | Title: A Nation Apart | 11/27/2008 | See Source »

Rhee grew up in a nice neighborhood in Toledo, Ohio, a middle child, between two brothers. Her parents immigrated from South Korea several years before she was born so that her father could study medicine at the University of Michigan. He became a specialist in rehabilitation and pain medicine, and her mother owned a women's clothing store. Education was highly valued in the family, as was independence. After Rhee finished sixth grade, her parents sent her to South Korea to live with an aunt and attend a Korean school, a harrowing experience for a child in a strange land...

Author: /time Magazine | Title: Rhee Tackles Classroom Challenge | 11/26/2008 | See Source »

...gonna have surgery at the end of the season and I got a cortisone shot, so it’s pretty much just managing and playing through the pain and icing it afterwards,” he said. “It’s as good as it’s going to get so I just got to deal with it. Being back on the floor, mentally it felt great, physically my knee is killing me. But it just felt great to get the win. Sitting on the bench at Colorado [a 70-57 loss last Saturday...

Author: By Ted Kirby, CRIMSON STAFF WRITER | Title: NOTEBOOK: Seniors Step Up In Tough Harvard Victory | 11/26/2008 | See Source »

...worlds like Dionysos and Lily. But when the ghosts of Carmen, Butterfly and Norma visit Dionysos in his sleep singing "Opera always kills its lovers," Dionysos brushes off their calls for a proper opero-tragic suicide. "He doesn't want anything to do with that Valhalla tradition celebrating tragedy, pain and death," says Teodori. "And neither do I." It's one of the opera's more effective conceits, and Nieve's arias shine with what one applauding critic called "a true musicologist's reflection on the themes of Bizet, Bellini and Puccini...

Author: /time Magazine | Title: A Night at the Opera with Sting and Elvis | 11/25/2008 | See Source »

...poster child for an institution that is allegedly "too big to fail." A much smaller financial institution, Lehman Brothers, was allowed to go down - and shock waves hit corners of the financial world, like money-market mutual funds, that no one had anticipated. The fear is not only of pain inflicted but also of unpredictability...

Author: /time Magazine | Title: Five Questions (and Answers) About Citi's Bailout | 11/25/2008 | See Source »

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