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...Your selection reflects the reality that more than ever people are not merely observers but participants in a world that we are creating. It's a good time to recall Albert Einstein's words: "The world we have created is a product of our thinking. It cannot be changed without changing our thinking." David Alex Chicago...

Author: /time Magazine | Title: Letters | 1/18/2007 | See Source »

...choice for Person of the Year [Dec. 25-Jan. 1]. It was well-deserved recognition for the Internet users who are coming together to shape the future in virtually every sphere of our lives. But it is also an opportunity to reflect on how the Internet is a product of the work of collaborating communities, which means there is no central control and no restriction on the creativity and genius that bring new applications online each day. Open standards and collaboration, rather than top-down or centralized governance, have ensured that the Internet's development remains in the hands...

Author: /time Magazine | Title: Letters | 1/18/2007 | See Source »

...policymakers have long argued about the extent to which the world economy remains dependent on America, and the issue will loom large at this year's World Economic Forum in the Swiss mountain resort of Davos in late January. The U.S. constitutes about 28% of global gross domestic product as measured in dollars, and it accounted for one-fifth of worldwide growth between 2000 and 2006. So the big question is: If America's growth doesn't pick up significantly, can other countries make up the shortfall? That question has taken on fresh urgency as the once hot U.S. housing...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...Kong's economy, which grew 8.6% in 2004 and 7.3% in 2005. (For 2006, the final figure is expected to be 6.5%.) That success is partly due to the fact that Hong Kong is home to a major concentration of firms such as Li & Fung, which help orchestrate the production and flow of goods supplied by factories in the developing world to multinational retailers. Hong Kong, says Dennis Cicetti, group managing director of product-sourcing firm William E. Connor & Associates, is "the command and control center" for much of world trade, particularly for thousands of factories in southern China that...

Author: /time Magazine | Title: At the Center of the World | 1/18/2007 | See Source »

...Your selection reflects the reality that, more than ever, people are not merely observers but participants in a world that we are creating. It's a good time to recall Albert Einstein's words: "The world we have created is a product of our thinking. It cannot be changed without changing our thinking." David Alex Chicago...

Author: /time Magazine | Title: Letters | 1/16/2007 | See Source »

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