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...This marks a big change. As Thailand's Prime Minister Abhisit Vejjajiva said during the recent ASEAN summit, "The old growth model where, simply put, we have still to rely on consumption in the West for goods and services produced here, we feel will no longer serve us." This is especially true because China, which is poised to overtake Japan as the world's second largest economy, is an increasingly important trading partner for countries such as Japan, South Korea and Indonesia. "Asian firms would do better to reorient their exports and production towards meeting the demand of Chinese consumers...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

...Obama during his scheduled appearance at APEC in Singapore. But some American businessmen support the idea - as long as the U.S. is included. Creating a common set of trade rules would simplify the bewildering spaghetti bowl of bilateral trade agreements that have been signed between various Asian countries in recent years, executives say. Others, worried about their prospects in a China-led free-trade zone, are eager to see APEC take the lead. Says Kevin Thieneman, the Southeast Asia and India country manager for industrial-equipment giant Caterpillar: "There must be a realization by the Obama Administration that...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

...phallic reference latent in the ticket’s name. The only pun that could possibly lie in the name’s reading, he said, is “long johns [underwear] on.” On that note, the pair took off their pants during a recent On Harvard Time interview to proudly showcase their tight undergarments...

Author: By Jacob D. Roberts and Janie M. Tankard, CONTRIBUTING WRITERS | Title: One Campaign Seeks To ‘Go Deep’ | 11/16/2009 | See Source »

...Tuesday, campaign manager Michael J. Pankratz ’11 released a statement criticizing a recent Crimson article stating that the ticket was “taking the race less seriously.” Though Pankratz—a Crimson editor—recognized the “unorthodox” strategies of the campaign, he defended them as integral to distinguishing Long-Johnson from the other tickets...

Author: By Jacob D. Roberts and Janie M. Tankard, CONTRIBUTING WRITERS | Title: One Campaign Seeks To ‘Go Deep’ | 11/16/2009 | See Source »

...round welterweight battle between Pacquiao and Miguel Angel Cotto of Puerto Rico had been one of the most anticipated fights in recent boxing history, a sport that has been in short supply of anticipation lately. And it did not disappoint, what with the momentum of the zero-to-hero legend of Pacquiao. Indeed, Cotto, the reigning welterweight champion, was pegged as the 5-1 underdog two days before the fight, though he came in with the power that everyone expected him to deliver. Most unofficial scorers gave him the first round. (See a story about Manny Pacquiao...

Author: /time Magazine | Title: Good and Bad News for Boxing: Only One Pacquiao | 11/15/2009 | See Source »

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