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...Since the start of the year, it has become clear that such concerns are shared by the central government in Beijing, which is seeking to tighten credit growth generally, and property loans in particular. The latest budget report from the Ministry of Finance, released to coincide with the opening of the National People's Congress in Beijing on March 5, draws attention to debt levels being incurred by local governments forging headlong into massive infrastructural and development projects. Even as it was being distributed, Premier Wen Jiabao was telling NPC delegates that the authorities would slow both lending...

Author: /time Magazine | Title: China's Property: Bubble, Bubble, Toil and Trouble | 3/22/2010 | See Source »

...annual passenger load has increased dramatically from a combined 13 million customers in 2000 to more than 100 million today. But passenger complaints have spiked in recent years, too. Since 2005, Ryanair's complaints have increased by 70% and easyJet's are up by a third, according to a report released earlier this month by the London-based Air Transport Users' Council (AUC). Ryanair, in particular, has been derided for its penny-pinching ways - O'Leary even suggested last year that he may start charging passengers to use the toilets on planes. (See 50 essential travel tips...

Author: /time Magazine | Title: Getting Personal in Europe's Budget Airline Wars | 3/21/2010 | See Source »

Council members shouted demands for the names of sources and locations. They expressed indignation at the mention of pro-Israel Bedouin and the report that some Bedouin even cheered for Algeria (Egypt's fiercest soccer rival) during the final round of the African Cup of Nations. Several council members launched into wider diatribes about U.S. policy in the Middle East and Israeli conspiracies in the Sinai. But most of all, they wanted the reporter to apologize for tarnishing Sinai's name. "You interviewed smugglers. And those people are outlaws," said a council member, Abdel Hamid Salem. "President Mubarak...

Author: /time Magazine | Title: The Trouble with Sinai: Egypt's 'Mexico' Problem | 3/21/2010 | See Source »

...stimulus report card...

Author: /time Magazine | Title: The Workforce: Where Will the New Jobs Come From? | 3/19/2010 | See Source »

...International organizations and local activists say this is leading to severe neglect of the environment. In a March 16 report, the U.N. Environment Programme said the Olympic construction sites are causing irreversible damage to the region's ecosystem. Greenpeace Russia followed with a statement a day later, reporting that the Mzymta River valley running between the planned Olympic venues is being polluted with heavy metals and industrial waste, destroying the habitats of the local bear and bird populations. "So far, practically everything that we supposedly agreed to with the government and the contractors has in the best case remained only...

Author: /time Magazine | Title: Trouble in Sochi: Russia's Mounting Olympic Problems | 3/19/2010 | See Source »

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