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...support from its 3.5 billion consumers. The private-consumption share of developing Asia's overall GDP fell to a record low of 47% in 2008 - down from 55% as recently as 2001. In other words, Asia remains an export machine. Developing Asia's export share rose from 36% of pan-regional GDP during the financial crisis of 1997-98 to a record 47% in 2007. And recent research by the International Monetary Fund shows that Asian exports continue to be underpinned by demand from consumers in the industrial world - especially from the U.S. Despite a surge of trade within Asia...

Author: /time Magazine | Title: Kidding Ourselves About an Asian Recovery | 6/8/2009 | See Source »

Vampires these days are sorta lovelorn and wimpy. Not Guillermo del Toro's. His will suck you dry with a stinger-tipped tentacle. It's not really the kind of stuff teen girls want to read. But Del Toro, director of the Oscar-winning Pan's Labyrinth - as well as The Devil's Backbone, Blade II and the Hellboy series - isn't trying to appeal to the Stephenie Meyer set with his new novel. The first in a trilogy (co-written with author Chuck Hogan), The Strain opens with a plane that lands in New York City, lights off, windows...

Author: /time Magazine | Title: Guillermo Del Toro on Vampires | 6/3/2009 | See Source »

...also contain more disruptive elements. These range from the U.K. Independence Party (UKIP), which campaigns to pull Britain out of the E.U., to France's Dieudonné M'bala M'bala, a comedian of Cameroonian descent whose declared primary aim is "wiping out Zionism" in the world. The only pan-European party, with 600 affiliated candidates standing across the E.U., is the fiercely Euroskeptic Libertas, led by Irish millionaire Declan Ganley. (Read "How One Man Plans to Sink the European Union...

Author: /time Magazine | Title: The European Parliament: Where the Fringes Flourish | 6/3/2009 | See Source »

...German union leaders insist other European countries will play a role in future negotiations with Magna over the restructuring. "We need a pan-European solution and I'm sure other European countries will come up with loan guarantees in the future when the new group under Magna is reshaped," says Klaus Franz. But it could be months before GM's workers in Europe find out what its new owners have in store for them...

Author: /time Magazine | Title: Merkel Saves Opel From GM's Fate | 6/1/2009 | 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 »

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