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...drought will no doubt exacerbate rural unemployment, because arable land is what most migrant workers resort to when they lose their jobs in the cities, and now their last option is under what's probably the most severe threat in decades," says Zhang Xinghua, a researcher at the Chinese Academy of Social Sciences' Rural Development Institute. "This will also have an impact on social stability, though it's hard to gauge to what extent yet. But as the overall economy further slows, I think the situation is likely to get worse...

Author: /time Magazine | Title: China Suffering Worst Drought Since 1951 | 2/6/2009 | See Source »

Bretton Woods is the mountain resort in New Hampshire where in 1944 the Allied nations met--with the U.S. calling almost all the shots--to plan a postwar financial system. The Bretton Woods creations included the International Monetary Fund (IMF), the World Bank and a quarter-century of fixed exchange rates built around a U.S. dollar that was linked to gold. The fixed exchange rates and gold standard unraveled in the 1970s, and ever since we've had a system in which the IMF occasionally steps in to help countries in currency crises (usually imposing harsh terms in the process...

Author: /time Magazine | Title: New World Order | 2/5/2009 | See Source »

...knew I was at the Sundance of lore when the Filipino man renting my hotel manager’s basement drove me the hour to Sundance Resort one day because no other option was remotely affordable. I knew I was at Sundance when the busboy, who didn’t speak much English asked if I liked “The Informers”—because...

Author: By Andrew F. Nunnelly, CRIMSON STAFF WRITER | Title: Finding Fun in the Sun(dance) | 2/5/2009 | See Source »

...During resort stints in the Turks and Caicos Islands, chef Felix Sienatra cooked for the likes of Bruce Willis, the Kennedy clan and the moguls of Silicon Valley. But the 43-year-old has never been one for glitz and glamour, and now that he's back in his native Indonesia, he's probably happier than he has ever been. A large part of that comes from the chance to finally helm his own restaurant, the Wind Chime, tel: (62-22) 423 9963. Set in a gorgeous, 90-year-old Dutch colonial home in the backstreets of Bandung in West...

Author: /time Magazine | Title: A Hidden Gem in West Java | 2/5/2009 | See Source »

...forced delay would certainly endure a First Amendment challenge. "In free-speech areas, government management of speech, even if it's commercial speech, should always be the last resort," says Billy Tauzin, a former Republican Congressman from Louisiana who now runs Pharmaceutical Research and Manufacturers of America, the industry's trade association. Banning tobacco ads is one thing - cigarettes can kill you. But these are prescription drugs we're talking about. They at least have the potential to save you, right? (See the top 10 video moments of campaign...

Author: /time Magazine | Title: Are Direct-to-Consumer Drug Ads Doomed? | 2/4/2009 | See Source »

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