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...arriving by the thousands each day, he notes, giving the recession-hit local economy a welcome, albeit minor, boost. He stresses that he wants Taiwan to benefit economically from better ties with China - but he won't let the island be assimilated by the rising giant. "I won't sell out Taiwan," Ma told TIME, adding that "I'll sell China Taiwan fruit ... We're trying to create an atmosphere of peace." (See the world's most influential people...

Author: /time Magazine | Title: Building Bridges to China | 5/25/2009 | See Source »

...after he found that the developer of a villa he'd bought near the future site of Dubailand wasn't depositing his money in an escrow account reserved for construction funds. He suspects his and other investors' money was used by the developer to purchase more land and then sell off more units without ever starting construction at a single site. "It seems to be some kind of Ponzi scheme," he says. What's worse, he then discovered that the company may have sold his property twice. "I thought Dubai looked like the safest place to invest in the Middle...

Author: /time Magazine | Title: Dubai's Sand Castles | 5/25/2009 | See Source »

Used Car, Low Miles Rather than fight the system, many foreigners are fleeing the country. Used-car dealerships have been bombarded by departing foreigners trying to sell their vehicles, but dealers have stopped buying because there's no longer a resale market. "I've got no space; no one has any money; and no one's buying," says one. A government-run auction is doing a brisk business selling vehicles that have either been repossessed or been abandoned by their debt-ridden owners at the airport. Local website classified sections are filled with desperate ads offering entire household furnishings - often...

Author: /time Magazine | Title: Dubai's Sand Castles | 5/25/2009 | See Source »

...very liquid investments, predominantly U.S. government paper assets, rather than real estate. While other regional investment funds were buying into international banks, Saudi Arabia was purchasing U.S. government bonds, or paying down its debt. The country can tap into those liquid assets while its neighbors are struggling to sell their investments in banks, equities and companies - Saudi's debt now stands at just 13% of the total size of its economy...

Author: /time Magazine | Title: Saudi Arabia's Lessons Learned | 5/25/2009 | See Source »

When I was writing my book about my brother, Boy Alone, I wished I had a story of hope and salvation. It is miracles that sell books. There seems to be an insatiable demand for narratives that end in triumph over an affliction: the cripple walks, the mute speaks, the autistic boy laughs and hugs and cries. We hunger for that uplifting journey, as opposed to the cruel odyssey I had to tell. What did I have to offer? My adult brother, still autistic, still nonverbal, still lost. As much as I hope that all the autistic boys and girls...

Author: /time Magazine | Title: Growing Old with Autism | 5/25/2009 | See Source »

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