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...facilities in Xi'an that will ultimately employ 26,000 people. Hybrid-car maker BYD, also headquartered in Shenzhen, has turned Xi'an into one of its main manufacturing centers, with almost all of the cars sold to Chinese consumers. Earlier this year, the company launched a $585 million plant expansion to produce another 300,000 cars in Xi'an. In all, domestic investment in the city surged 31% to $8.1 billion in the first three quarters of 2009 from a year earlier. (Read "China: The Road to Prosperity...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

...exactly two minutes after midnight on Jan. 1, 2000, an alarm sounded at a nuclear power plant in Onagawa, Japan. Government officials and computer scientists around the globe held their breath. Was this the beginning of a massive Y2K computer meltdown? Actually, no. It was an isolated event, one of a handful of glitches to occur (including the failure of 500 slot machines at two racetracks in Delaware) as the sun rose on the new decade. The dreaded millennial meltdown never happened...

Author: /time Magazine | Title: The '00s: Goodbye (at Last) to the Decade from Hell | 11/24/2009 | See Source »

Thanks to a flooded plant in Atlanta and a broken bakery in Tennessee, Kellogg Co. confirmed last week that it will have to ration its Eggo shipments well into next year. Considering the brand claims nearly 70% of the frozen-waffle industry, the shortage has been called a national calamity, further proof of global warming's reach, a sign of the apocalypse, evidence of a corporate conspiracy and a good opportunity to cash in. (Witness the Katy, Texas, resident who posted a "rationed" box of Blueberry Eggos on eBay - "toaster not included...

Author: /time Magazine | Title: Waffles | 11/23/2009 | See Source »

...Monday's protest represents a different thread of environmental demonstration, in which well-organized, middle class residents gather to oppose a threat to their common interests, says Shanghai-based environmental attorney Charles McElwee. It follows similar efforts by citizens to block a chemical plant in the coastal city of Xiamen in 2007 and a demonstration against a proposed petrochemical facility near Chengdu in 2008. "They are generally directed more toward proposed projects that they think may have an impact to health or property values," he says. "These are classic 'not in my backyard' protests that you see happen in developed...

Author: /time Magazine | Title: China Environmental Protests Gather Force | 11/23/2009 | See Source »

Throughout his tale, Cal recounts a century of American history—Ellis Island, the Great Depression, the River Rouge Ford plant, Vietnam, Detroit race riots, the desegregation of schools, Watergate, the Cold War, and the oil embargoes. In doing so, Eugenides questions what it means to be American—citizenship, attitude, and history. Despite being third generation American and despite her family having climbed the class ladder­—at least achieving the financial aspect of the American Dream—Calliope feels out of place in her private preparatory all-girls school...

Author: By Kristie T. La, CONTRIBUTING WRITER | Title: Eugenides’ Transitive Epic | 11/20/2009 | See Source »

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