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...Just when modern technology has dramatically speeded up the connections between East and West, between developing countries and the rich countries of the world, two nations with more than a billion people each have suddenly embraced capitalism and rejoined the world economy. Hundreds of millions of poor people have been lifted from desperate poverty as a result, and the West should not try to stop the rise of India and China. But the powerful, swift changes in the global economy will also trigger strong repercussions in the West. So nations such as the U.S. need to strive to create...

Author: /time Magazine | Title: Coping Strategies | 7/19/2007 | See Source »

...Nobody can say with certainty where the rich world's future jobs will be found. Mostly due to offshoring, the U.S. has lost more than 1.1 million once coveted I.T. jobs in the past five years. On the other hand, since 2001, about 1.7 million new health-care industry jobs have been created. Perhaps the new jobs will be in nanotechnology, or in green engineering because of China's need to clean up its water and air. Many in the U.S. believe that growing income inequality will create a raft of service jobs to cater to the growing ranks...

Author: /time Magazine | Title: Coping Strategies | 7/19/2007 | See Source »

...reality show about her family's new life. It is fair to say that her useful insights--"High heels are good because they really lengthen you out"--did not win over all viewers. The show, sniffed the New York Times, "tests the American market's seemingly insatiable demand for rich, idiotic It girls." But the real point of the Beckhams' arrival is that it solidifies the mutual love affair between British celebs...

Author: /time Magazine | Title: Smitten with Britain. | 7/19/2007 | See Source »

...keep those promises. (He was right, but it was still boring.) Peterson made $1.88 billion when Blackstone went public last month. Here was an opportunity for statesmanship that you would have thought Peterson would be unable to resist. Like Warren Buffett and Bill Gates Sr., he could be the rich man who speaks the truth to other rich folks about the need to pay their taxes. Yet there has been silence from that corner. Maybe Peterson has found a better use for his billions than securing his reputation for vision and honesty. What that could be, I cannot imagine...

Author: /time Magazine | Title: Private-Equity Pigs | 7/19/2007 | See Source »

...these young adults are doing much more than merely surviving. Their medical histories are rich textbooks for teaching doctors and future patients about how to overcome cancer--not just the initial dangers of the disease but also the late-stage complications of the surgery, chemotherapy and radiation that saved those young lives. "We know that we will see more and more long-term survivors," says Dr. Melissa Hudson of St. Jude Children's Research Hospital in Memphis, Tenn. "Now we need to monitor them as they age, to understand how we can best help them to preserve and maintain their...

Author: /time Magazine | Title: Young Survivors | 7/19/2007 | See Source »

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