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Being an American in Asia has never been more humbling. I recently appeared on a panel at a conference in the southern Chinese city of Guangzhou with investment guru Jim Rogers and Kirby Daley, an outspoken Hong Kong - based financial strategist. Though both Americans, the two appeared to be engaged in a contest to decide who could bash their home country the hardest. Rogers called China "the next great country of the world," while comparing a debt-burdened America to the failed British Empire. Daley lambasted American economic policy as ill conceived and out of touch. Rogers warned his listeners...

Author: /time Magazine | Title: American Lament | 10/12/2009 | See Source »

...routine of work life, but the filming technique - in which the handheld camera reacts almost like another character - also lends itself to sitcom wackiness. The opening of its post-Super Bowl episode (a fire drill goes wrong, leading to chaos that includes a cat being thrown through a ceiling panel) was probably the funniest scene on TV this year. (See pictures of cubicle designs submitted by The Office viewers...

Author: /time Magazine | Title: No Laugh Track Required: The Comeback of the Sitcom | 10/12/2009 | See Source »

...deluge came as a shock because if followed a protracted drought, and a monsoon season branded a dud by the authorities. To experts who've tracked the effects of climate change, however, the flooding came as no surprise. In its fourth assessment report in 2007, the Inter- Government Panel on Climate Change (IPCC) predicted that more extreme droughts, floods, and storms, would become commonplace in the future, and that these intense weather conditions would follow in close succession to each other, often in the same areas...

Author: /time Magazine | Title: India's Floods Reveal Climate Change Specter | 10/11/2009 | See Source »

...after a short hiatus in 2005, when the prize went to the International Atomic Energy Agency and Mohamed ElBaradei for refusing to confirm the existence of Saddam Hussein's nonexistent weapons of mass destruction before the war in Iraq - in other words, for standing up to Bush. The Intergovernmental Panel on Climate Change probably deserved the Nobel in 2007 for spreading the word about global warming, but the committee wouldn't have dreamed of adding former Democratic Vice President (and almost President) Al Gore if it hadn't wanted to contrast his advocacy with Bush's climate denial. (See George...

Author: /time Magazine | Title: Obama's Nobel: Another Slap at George W. Bush | 10/9/2009 | See Source »

...half-decade before the financial crisis was a go-go time for the global economy. Consumption reached unprecedented heights; so did oil prices and shipping rates. And that frantic buying and selling was a boon for manufacturing. As U.S. consumers flexed their credit cards for flat-panel TVs and video games, factories sprouted around the world to make all the stuff that was crammed into consumers' SUVs. But amid the recession, spending has shrunk dramatically, as debt-laden U.S. consumers are learning to save - and those factories have a lot less to do. During the downturn, the rates at which...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

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