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...expand 8% or more this year. Evidence of increasing momentum appears almost every day. Factory production has begun to edge up, in part because Chinese consumers continue to spend money at a healthy pace. Auto sales, helped significantly by government subsidies for small-car purchases, hit an all-time record in April and will easily surpass those in the U.S. this year. Overall, retail sales in China this year are up 16%. (Read "Is China's Economy Strong Enough To Save the World...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...with Kotak Mahindra Bank to offer "business cards" with which customers can shop on credit for 14 days. Kalia, the restaurateur, laughs at this: "In a country where half the economy is a black economy, how do they expect a shopkeeper to give checks and put all transactions on record...

Author: /time Magazine | Title: A Visit to India's First Walmart (a.k.a. Best Price) | 8/9/2009 | See Source »

...colleagues at the Smithsonian Institution and the University of Chicago examined 200 million years of history of marine clams, oysters and mussels; they picked the simple bivalves because they have a long and detailed fossil record. Going back to the Jurassic period, researchers analyzed when each genus - a taxonomic category just above species - disappeared, and whether relatives vanished at the same time. On average they found that closely related groups of clams went extinct together at a rate that was more often than expected by blind chance - generally those groups of species were confined to a fairly small geographic area...

Author: /time Magazine | Title: Extinction 'Gene': Some Species Are More at Risk | 8/7/2009 | See Source »

...marketed as something of an advantage - "when proximity to the market can give your business model a competitive edge." That edge can translate into huge profits for high-frequency-trading firms like Goldman Sachs, which, according to Bloomberg, made more than $100 million in trading revenue on a record 46 separate days during the second quarter, or 71% of the time - partly thanks to high-frequency trading...

Author: /time Magazine | Title: High-Frequency Trading Grows, Shrouded in Secrecy | 8/5/2009 | See Source »

...determine levels of inactivity over one week, the children in the study wore accelerometers, which resemble pedometers but instead of tracking distance, they record the body's acceleration in a vertical plane - sitting results in a score of zero, and walking and running produce progressively higher scores. The researchers considered anything under a score of 50 per day as sedentary. They coupled this data with reports from the children's parents about how much time the kids spent in inactive pursuits, including watching television, sitting at a computer, playing video games, reading or doing other projects that don't require...

Author: /time Magazine | Title: Watching TV: Even Worse for Kids Than You Think | 8/4/2009 | See Source »

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