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...third largest economy and trading nation, has become a global innovator in science and technology, and is building a world-class university system. It has an increasingly modern military and commands diplomatic respect. It is at peace with its neighbors and all major powers. Its hybrid model of quasi-state capitalism and semidemocratic authoritarianism - sometimes dubbed the "Beijing Consensus" - has attracted attention across the developing world...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...Greenspan's policies, which were wildly popular at the time. But that was before the chaos, before the collapses of Bear Stearns and Merrill Lynch, Fannie and Freddie, Lehman Brothers, AIG and WaMu, before Bernanke called upon decades of historical study to start dispensing money to banks and then quasi-banks and then companies that weren't banks at all. In his insider account In Fed We Trust: Ben Bernanke's War on the Great Panic, David Wessel details how Bernanke essentially turned himself into a fourth branch of government, exploiting a loophole in a 1932 law that gave...

Author: /time Magazine | Title: Why Obama Reappointed Bernanke to the Fed | 8/25/2009 | See Source »

...chilling call appears to be the latest attempt to take the moral high ground by a quasi-religious drug cartel that has become one of the most dangerous threats to Mexican security forces. The caller identified himself as Servando Gomez, head of a narcotics mafia that has baptized itself La Familia Michoacana. The gangsters, who had bought ads in newspapers and given an interview to a leading Mexican magazine, claim that although they traffic drugs, they protect their local community and purport to be devout Evangelical Christians. All members are disciplined to abstain from narcotics themselves and care for their...

Author: /time Magazine | Title: Drug-Dealing for Jesus: Mexico's Evangelical Narcos | 7/19/2009 | See Source »

...lost almost 50 seats, leaving it with 146, while the PRI picked up 100 to secure 233. (The leftist Democratic Revolution Party won on ly 72 seats, continuing the downward spiral it began after coming within half a percentage of winning the presidency in 2006.) The PRI's quasi-coalition with Mexico's Green Party, which grabbed 22 seats, gives it a tacit congressional majority that promises to "paralyze" Calderon's presidency if not "mark the end of his term," says syndicated political columnist Martha Anaya. A political hobbling of Calderon could hamper Washington's efforts to help the Mexican...

Author: /time Magazine | Title: Why Mexico's Voters Turned Back to the Future | 7/8/2009 | See Source »

...Gaulle airport and forced it to discontinue its flights from Marseille. "This accident was inevitable, because these planes don't respect international standards," says Farid Soilihi, president of the Marseille-based SOS Voyages To Comoros association, which was formed in 2008 to protest Yemenia's service. "Yemenia's quasi-monopoly [allows it] to treat us like we're animals." (Read: "What the Comoros Invasion Reveals...

Author: /time Magazine | Title: Does the E.U.'s Airline Blacklist Make Flying Safer? | 7/3/2009 | See Source »

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