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...saving for a rainy day. Beijing realizes that among consumers "household savings are high (and their consumption low) because of structural factors" says Roubini in his report, citing such factors as the lack of adequate health care and unemployment benefits, poor rural infrastructure and public services, lack of a proper social security system, and underdeveloped credit markets for mortgage and consumer finance. These all conspire to place an almost insurmountable drag on the government's efforts to get its consumers to open their wallets. Domestic consumption accounts for about one-third of China's GDP, compared with around...

Author: /time Magazine | Title: Is China's Economy Strong Enough To Save the World? | 4/10/2009 | See Source »

...Tommy Lee Jones ’69; the rest are privately owned, typically older horses lent to the team for the season. Though a school like Cornell boasts a 30-horse string, Harvard’s 14 are better than nothing (what the team had last year), and if proper arrangements with outside interests are made, the team may see double the number of ponies next fall, according to Crocker...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Grabbing the Reins | 4/8/2009 | See Source »

Expect a two-day slog through dense rainforest, bare-bones style camping and blisters. From Guatemala City, it's a short flight to Flores, where you can organize guides, mules and equipment through a local outfitter (try www.nitun.com). The trail proper starts at the village of Carmelita and the wise will arrive in dry season (November to May), when the rainforest is scorching but mosquito- and mud-free. The journey is utterly exhausting, of course, but your inner Indiana Jones will exult at your first glimpse of El Mirador - thought to be home to around 80,000 at one time...

Author: /time Magazine | Title: Jungle Gym: Maya Ruins in Guatemala | 4/8/2009 | See Source »

...scientific, it is less political. The charts and graphs describe the status quo; they don’t define our ideals. If we focus too much on what the people want from their government, we may forget to wonder what they should want. For centuries, people have debated the proper role of government, and the significance of these questions attracts students to the field. Only humans can provide answers to these problems; science just measures the results...

Author: By Brian J. Bolduc | Title: The Boredomization of Politics | 4/6/2009 | See Source »

...latest tragedy in Abruzzo is unlikely to resolve the question of whether scientists' predictions can help minimize the damage and death wreaked by earthquakes. What we know for sure is that following proper building standards certainly...

Author: /time Magazine | Title: Italy's Earthquake: Could Tragedy Have Been Avoided? | 4/6/2009 | See Source »

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