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...there is another story here, more prosaic but no less important to the future arc of global business and the global balance of power. Google has not been doing all that well in China, as many have noted in recent days, badly trailing the domestic Chinese search company Baidu. But it isn't just that Google has struggled. All of the New Economy western companies in the media and information business have failed to establish themselves in China. Before Google, eBay and Yahoo both made investments of years and millions upon millions of dollars to tap the fast-growing Internet...

Author: /time Magazine | Title: Google and China: Silicon Valley Is No Longer King | 1/15/2010 | See Source »

Google and the Western media in general have effectively turned this imbroglio into a clash of morals. Perhaps. But it is also yet another symbol of the shifting balance of economic power globally. Other countries censor content, and not just rogue regimes such as the Iranian mullocracy. Web sites are blocked throughout the Persian Gulf and North Africa based on objectionable content and this hasn't created much of a furor. Other countries also engage in cyber espionage, especially Israel and of course the United States Government itself with the largest group of hackers in the world employed...

Author: /time Magazine | Title: Google and China: Silicon Valley Is No Longer King | 1/15/2010 | See Source »

Traditional vaccines work by introducing a killed or weakened version of a disease into the body, where the immune system spots it and cranks out antibodies against it. Then, if a wild strain of the pathogen comes along later - one that has the power to sicken or kill - the body is ready for it. The new approach is different. Developed by Rhoel Dinglasan, an entomologist and biologist at Johns Hopkins University Hospital, it would instead work within the mosquito gut. (See the top 10 medical breakthroughs...

Author: /time Magazine | Title: Hopes for a New Kind of Malaria Vaccine | 1/15/2010 | See Source »

...significantly deter new foreign investors. Even though Communist hardliners have clamped down on some freedoms, the government nonetheless promised in November it would soon allow foreigners to own 49% of local businesses, up from 30%. As Vietnam's Communist Party encourages economic growth without wanting to let go of power, it's only setting itself up for more clashes with foreign partners...

Author: /time Magazine | Title: Jetstar Detentions Raise Red Flags for Investors in Vietnam | 1/15/2010 | See Source »

...further rows seem inevitable. Turkey's newfound ambition to become a major regional power broker has seen an energetic forging of ties with Arab and Central Asian countries. Asserting a foreign policy increasingly independent of Washington, Turkey has not hesitated to criticize Israel's actions against the Palestinians, defend Iran's nuclear program and expand economic ties at a moment when the U.S. seeks to isolate Tehran, and repair relations with Syria. Israel's leaders warn publicly that they believe Turkey is moving into the region's Islamist orbit, and hard-liners within Prime Minister Benjamin Netanyahu's coalition government...

Author: /time Magazine | Title: Turkey and Israel: The End of the Affair? | 1/15/2010 | See Source »

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