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...foreign direct investment. To fuel its economic boom, China's voracious and insatiable appetite for raw materials has led it to absorb large amounts of global commodities. China now consumes 16% of global energy resources and is the world's third largest consumer of oil. (Read "Can China Save the World's Economy...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

...opening and closing shots of a field of sunflowers, the entire film takes place in an Israeli tank holding four very nervous soldiers. The only view to the streets outside is through the gunsight aimed at insurgents and civilians. Which ones to shoot at? Which ones to save? Working as both a horrors-of-war screed and a depiction of men under impossible stress, Lebanon is an unrelentingly claustrophobic nightmare. (Read: "Lebanon's Bernie Madoff: A Scandal Taints Hizballah...

Author: /time Magazine | Title: Venice Film Festival: Films with a Mission | 9/28/2009 | See Source »

...dramatic shots of lava flows, stalactites and waterfalls - promise plenty of unobjectionable, pledge-drive-friendly nature porn. But in a way he couldn't have planned, Burns has ended up making his most topical and political film yet. With America frothing over the role of government - should it save banks? should it expand health coverage? - The National Parks makes a simple case for an idea that is wildly controversial in the year of the tea party: That we need government to do things the private sector can't or won't. See pictures of the natural miracles of the world...

Author: /time Magazine | Title: National Parks: a Case for Big Government | 9/28/2009 | See Source »

Still, the summit wasn't a total loss for greens. President Barack Obama introduced the idea of phasing out fossil fuel subsidies over time, to help improve energy efficiency and "transition to a 21st-century clean energy economy." Phasing out subsidies for fossil fuels would save money - the Environmental Law Institute estimated that the U.S. paid out $72 billion in subsidies between 2002 and 2008 - and correct a market that has been warped against low-carbon alternatives precisely at a time when nations are supposed to be cutting carbon. But again, specifics of a concrete plan were wanting in Obama...

Author: /time Magazine | Title: G20 Leaders Agree, Broadly, on Climate Change | 9/26/2009 | See Source »

...prefectural airports lose traffic and money, says Hosoya. In the past, the government has typically propped up airlines to maintain routes and the number of airports - which are often a source of local pride rather than a reflection of traveler demand. "Basically, the country is losing money to save the network," Hosaya says. Soon it may be losing money to save its largest airline...

Author: /time Magazine | Title: Japan Airlines Needs GM-Style Bailout | 9/25/2009 | See Source »

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