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...need for stricter control of the Puer industry became clear two years ago, when the Puer market went on a destabilizing roller-coaster ride. Some Chinese buy tea as an investment, much like Europeans buy wines. In the early part of the decade, thousands of cash-rich urbanites poured their savings into the Puer, causing prices to double, then triple. "People were buying anything," says David Lee Hoffman, a California collector. By 2007, the finest aged Puer was - quite literally - worth its weight in gold. As demand soared, however, quality suffered, fakes flooded the market and prices fell...

Author: /time Magazine | Title: Puer Tea: China's Next Hot Commodity? | 8/25/2009 | See Source »

Obama is stuck in the New World's new paradox. Latin America today is less dependent on Washington, and less tolerant of its interventionism, than it has been for decades, thanks to the counterweight of rising star Brazil and the anti-U.S. gospel of Venezuela's oil-rich leftist President, Hugo Chávez. Yet for all that newfound self-reliance, Latin America still looks to the U.S.'s superpower leadership to put the squeeze on rogues like the Honduran coupsters. No other force in the western hemisphere, not Brazil, and certainly not the Organization of American States, wields...

Author: /time Magazine | Title: President Obama's Latin Challenge | 8/24/2009 | See Source »

...makes for a rich, captivating series to look at. And listen to. Even, or especially, when it's not saying anything...

Author: /time Magazine | Title: Mad Men: The Pauses That Refresh | 8/24/2009 | See Source »

...Massachusetts coast, has long conjured visions of well-heeled, sunburned Caucasians swarming its beaches and boardwalks in Top-Siders and pastel shorts. Yet when President Barack Obama and his family descend on this dune-swept summer playground the last week of August, they'll also find an island of rich diversity and harmonious race relations...

Author: /time Magazine | Title: Postcard from Oak Bluffs | 8/24/2009 | See Source »

...Defenders of the harsh interrogation - notably Cheney - claim it yielded a rich vein of information, possibly including details of imminent attacks on the U.S. homeland. But tantalizing references to the IG's findings contained in the now infamous "torture memos" by the Bush Administration Office of Legal Counsel suggest that interrogators didn't get much actionable information out of the detainees. Former CIA Director Michael Hayden said last week that the truth lies somewhere in between: that the program achieved "modest success" - providing the agency with useful information about al-Qaeda organization and leadership, but not necessarily information about attacks...

Author: /time Magazine | Title: Five Questions for the CIA IG's Interrogation Report | 8/24/2009 | See Source »

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