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France has long liked to see itself as the other, non-American model for organizing a modern economy, with a rich tradition of exalting the state and disdaining "Anglo-Saxon"-style capitalism. So it would be completely de rigueur for the French to smile smugly over Washington's French-style intervention in the financial markets. But by and large, they're not. For however suddenly the U.S. government has embraced the Gallic tradition of nationalization, the French economy has itself been slowly and surely becoming très américaine. As a result, the impulse to utter "I told...

Author: /time Magazine | Title: No Gloating in France on Finance Crisis | 9/23/2008 | See Source »

...truth, Lula has no more problem with being called a capitalist than he does with being branded a socialist. "Let the theorists write their theses; it's called doing things right," says Lula, who disdains academic policy labels. It's about "allowing the rich to earn money with their investments and allowing the poor to participate in economic growth...

Author: /time Magazine | Title: Brazil Booms by Going Lula's Way | 9/22/2008 | See Source »

...breach between Washington and Caracas matters less to Brazilians than the huge chasm between the nation's rich and poor. Lula, who as an impoverished kid shined shoes on the streets of São Paulo, has pumped some $100 billion into anti-poverty projects like Bolsa Familia (Family Purse), which provide everything from rewards for poor families who keep their kids in school to financing for small farmers and entrepreneurs. As a result, 52% of Brazil's 180 million people now occupy the middle class, up from 44% when Lula took office...

Author: /time Magazine | Title: Brazil Booms by Going Lula's Way | 9/22/2008 | See Source »

...themes of multiculturalism and immigration, but I just can’t.Thankfully, Smith’s novels don’t need me: they are wildly successful, and in many ways they deserve the acclaim they received. Smith is a gifted writer whose works are positively epic: plentiful characters, rich plot twists, and clever details that enthrall and intimidate the reader. Furthermore, she taps a store of compelling themes: race, immigration, colonialism, and ethnic and cultural ambiguity. But she does so with such a heavy hand that it’s impossible not to feel as if you?...

Author: By Emma M. Lind, CRIMSON STAFF WRITER | Title: Simple is Best in Postcolonial | 9/19/2008 | See Source »

...This is not the first safety scandal related to Chinese milk. In 2004, at least 13 babies died of malnutrition in Anhui province after unscrupulous producers sold milk with no nutritional value. Melamine, a nitrogen-rich compound used in plastics and fertilizers, has been used to make milk that has been watered down appear to have more protein than it actually does. The chemical was also found in Chinese pet food exported to the U.S. that was blamed for the deaths from kidney failure of thousands of cats and dogs last year. In July 2007, China executed the former head...

Author: /time Magazine | Title: China's Rage Over Toxic Baby Milk | 9/19/2008 | See Source »

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