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...India accounted for only $1.6 trillion of the world's spending last year, a tiny fraction of the $9.5 trillion spent by Americans, according to Stephen Roach, head of Morgan Stanley's business in Asia. It's impossible to pull U.S. spending back without sending ripples through the rest of the world...

Author: /time Magazine | Title: Can the World Stop the Slide? | 1/23/2008 | See Source »

...Credit markets are one worry; another is whether the rest of the world will be able to breeze along despite the U.S. slowdown. There are lots of signs that it'll be just fine, thanks. For the emerging economies of Asia, Africa and Latin America, these past five years have seen the best growth run in memory, and so far signs of slowdown outside the U.S. and Europe are few. India and China are posting astonishing growth numbers, while economies of countries from Africa to Latin America that export raw materials, like oil from Nigeria and copper from Chile, have...

Author: /time Magazine | Title: Can the World Stop the Slide? | 1/23/2008 | See Source »

Thirty-five years after the Supreme Court legalized abortion in the U.S., abortion rates are at their lowest level in three decades - which gives both sides in the culture wars something to celebrate and plenty to fight over, while the rest of us try to figure out what happened...

Author: /time Magazine | Title: Why Have Abortion Rates Fallen? | 1/21/2008 | See Source »

...edge of a dirt crater 40 feet wide and 20 feet deep, Lieutenant Shawn Spainhour and Sheikh Dawood Rashid al-Shuhaib stare down in silence at the wreckage. In August 2007, the U.S. military bombed the sheikh's house, obliterating it with a 500-lb. JDAM "bunker buster." The rest of the village was flattened by artillery. Spainhour, in full battle gear - flak jacket, helmet, knife, guns, boots, camouflage and radio - turns to the grief-stricken, 60-year-old sheikh, who is wearing resplendent traditional Arab dress, and asks his translator to tell him that "I sincerely apologize for everything...

Author: /time Magazine | Title: Can Cash Create Goodwill in Iraq? | 1/21/2008 | See Source »

...with half of its $200 million funding, has his sights set on China. Israel Corp. already has a joint venture with the Chinese automaker Chery, and if Agassi's plan works in Israel, says Ofer, "it will work even better in China. Their pollution is killing them and the rest of us, too." with reporting by Tim McGirk/Jerusalem

Author: /time Magazine | Title: Israel Looks to Electric Cars | 1/20/2008 | See Source »

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