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...summer will seem unusually long for businesses, people out of work, the Fed and the Treasury, and the tens of millions of Americans who have a direct stake in an economic recovery. The normal slowing of economic activity during the summer season will make any progress seem like walking through water. The seasonal drop in real estate markets could increase the fear that this sector is in worse trouble than it really...

Author: /time Magazine | Title: Summer 2009: The Long Wait for Evidence of a Recovery | 5/26/2009 | See Source »

...unification. People in Taiwan "still have a lot of doubts about China," Ma says. "They fear [the mainland Chinese] way of life is not something they can accept." Though Ma may be bridging the gap with China faster than anyone could have expected, one year - even one of great progress - can't erase 60 years of animosity...

Author: /time Magazine | Title: Building Bridges to China | 5/25/2009 | See Source »

That prudence was one of several qualities that won Boutros-Ghali the IMF job. His track record as Egypt's Finance Minister was another: under him, the notoriously sclerotic Arab nation has grown at an annual rate of 7%. "He's seen as a facilitator, somebody who can generate progress," says Eswar Prasad, professor of trade policy at Cornell University and former head of the IMF's China division. "In Egypt, he's been able to operate under significant institutional and political constraints - that's valuable experience when you're dealing with...

Author: /time Magazine | Title: Boutros-Ghali's Developing Vision for the IMF | 5/25/2009 | See Source »

...program has made some real progress in weaning Noah from some of the medications he had been taking, cutting him down to two drugs from four. And the mysterious scars and bumps and bruises he was getting, what Fairview termed USIs, have largely ended. So far, Noah's assisted-living program represents a great improvement over Fairview, and my parents and I are thankful every day for this change in Noah's circumstances...

Author: /time Magazine | Title: Growing Old with Autism | 5/25/2009 | See Source »

...Observers outside India have hailed the general results of this month's polls as a sign of stability and progress. Rather than vote along divisive lines of caste or creed, peddled by some candidates and parties, the electorate rewarded good governance and platforms that promised further development. The right-wing BJP is flailing desperately to recast itself as a more moderate political force; the CPI-M faces a long spell out in the cold. "All of us Indians have been shocked by how long the old ideas have lasted," says Bhalla. "But now we are graduating to a sort...

Author: /time Magazine | Title: Why India's Communists Are Losing Ground | 5/25/2009 | See Source »

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