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These were expensive lessons, but Beijing has decided that Going Out is still a better economic strategy than staying home. Despite China's slowing economy, officials see the global recession as a prime opportunity to cheaply acquire strategically important raw materials such as iron ore, copper, oil and gas--commodities China will need in vast quantities in the long run. In the past two months, Chinese companies have sought to buy assets abroad at an unprecedented pace. Aluminum Corp. of China (Chinalco) has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

There's no question that it's a buyer's market for raw materials and that many resource companies are struggling to find willing partners and financiers. China's Rosneft injection will allow the Russian company to pay off $8.5 billion in debt-- 60% of it owed to foreign banks--that matures this year. Beijing looks like the last, best hope of miners and drillers...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

...thing, many young "vegetarians" continue to eat the white meat of defenseless chickens (25% in the current study) as well as the flesh of those adorable animals known as fish (46%), even when they are butchered and served up raw as sushi. And in a 2001 study in the Journal of Adolescent Health, researchers found that the most common reason teens gave for vegetarianism was to lose weight or keep from gaining it. Adolescent vegetarians are far more likely than other teens to diet or to use extreme and unhealthy measures to control their weight, studies suggest. The reverse...

Author: /time Magazine | Title: Study: Is Vegetarianism a Teen Eating Disorder? | 4/7/2009 | See Source »

Hong Kong isn't known as a city of swingin' hepcats, but it does play host to a small, surprisingly busy jazz scene and a newly launched international jazz festival. It's against this homespun backdrop that the album Raw Jazz emerges, with a kind of indomitable energy that's entirely fitting for the place in which it was born. Introducing Singaporean vocalist Hanjin Tan, a producer and composer of Cantonese pop by day, this low-frills, high-moxie album is a collection of 11 jazz standards, each recorded in a single take along with the help of local jazz...

Author: /time Magazine | Title: Dig It, Daddy-O! | 4/6/2009 | See Source »

...sing it the way you feel, react to the way the players are playing," says Tan, about the ensemble's approach to recording. This spontaneity comes across in the listening. From the easy swing of first song "Sweet Lorraine" to the skittering ebullience of "Spain," the album's closer, Raw Jazz sparkles with the brio of live performance. Standout tracks include a jive-worthy version of "Honeysuckle Rose" and "That Old Black Magic," in which Candelaria's bass grounds Tan's larger-than-life channeling of the already larger-than-life Sammy Davis Jr. Exuberant and unexpected, this album reveals...

Author: /time Magazine | Title: Dig It, Daddy-O! | 4/6/2009 | See Source »

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