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...success of the procedure over the past three decades has created a new problem: rising demand. With far more patients in need than donors, researchers have high hopes for alternative treatments, including stem-cell therapy or heart pumps. Twenty-five years after Baby Fae, the learning continues...

Author: /time Magazine | Title: Heart Transplants | 11/16/2009 | See Source »

...problem, says Hedrick-Wong and other economists, is that the average Chinese still faces too much uncertainty about the future to spend more freely. China's social safety net systems remain weak, forcing Chinese families to squirrel away large sums to care for elderly parents, pay rising medical bills and prepare for retirement. Aware of the problem, the Chinese government has been taking steps to beef up welfare programs to alleviate the financial burden faced by Chinese families and loosen their purse strings. Beijing, for example, is undertaking a three-year, $125 billion program to build hospitals and clinics...

Author: /time Magazine | Title: Will China's Consumers Save the World Economy? | 11/15/2009 | See Source »

...economy. The average Chinese, he says, doesn't have as much cash to spend as many people think. Actual household income per capita is only about half of GDP per capita, compared to 80% or more in other major economies, placing "a cap," Huang says, on consumer spending. The problem is that income growth among rural dwellers and migrant workers badly trails that of residents of the major urban centers creating a mass of 900 million people who still tend to be very heavy savers. Huang suggests that China needs to act aggressively to boost rural incomes, by, for example...

Author: /time Magazine | Title: Will China's Consumers Save the World Economy? | 11/15/2009 | See Source »

Part of the problem, too, is the distance with which the U.S. held ASEAN in recent years. While China, India, Australia and other regional economies have been assiduously wooing Southeast Asia by signing free-trade agreements with the bloc, the U.S., particularly under the presidency of George W. Bush, kept ASEAN at arm's length. One reason was Burma's accession to ASEAN in 1997, which put the U.S. in a tough spot. Washington had been tightening sanctions on the Burmese junta because of its dismal human-rights record. By participating in ASEAN confabs, Bush's State Department worried that...

Author: /time Magazine | Title: Obama in Southeast Asia: Mending Fences in a Key Region | 11/14/2009 | See Source »

Wodiczko tries to achieve verisimilitude in this piece with visual and auditory effects, without relying on his usual documentary measures. Yet he still encounters the problem of exploitation. By creating his own narrative and dialogue, he projects his perception of the defining characteristics of war onto the audience...

Author: By Rebecca J. Levitan, CRIMSON STAFF WRITER | Title: Wodiczko Installation Plays Veterans’ Stories at Full Volume | 11/13/2009 | See Source »

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