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...There's little doubt that a sharp economic contraction in China, such as the one the mainland experienced in the early 1990s, would cause severe withdrawal pangs in economies such as Japan and Taiwan, and could even plunge them into recession. But that fate would not be shared evenly or universally throughout Asia, economists note. Despite the euphoria about China as the Next Big Thing, many observers are quick to downplay the notion that Asia is as dependent on China (yet) as the conventional wisdom held even a few months ago. The mainland is still not nearly...

Author: /time Magazine | Title: Time to Cool Down | 5/17/2004 | See Source »

...undergo a full capitalist transformation-for example, some bank loans are issued because the government orders them, not because careful analysis indicates that the borrower is a good risk. So Beijing resorts to administrative diktats that are ineffective if few obey them but could result in a too-sharp contraction if everyone does. "Too many people have a fantasy about China that bears no relation to reality," says Arthur Kroeber, managing editor of the Hong Kong-based China Economic Quarterly. "This is still a state-directed economy, and the government's latest steps have been a wake-up call...

Author: /time Magazine | Title: Time to Cool Down | 5/17/2004 | See Source »

...switch off, but you can't switch off doing interviews and being asked questions." So why does all the world want a piece of this skinny kid from Brixton by way of Birmingham? His homegrown sound expands beyond garage, but most riveting are his lyrics; he's a switchblade-sharp social commentator for British kids numbed by strong lager, joints and junk food. Skinner is unfazed by the attention; as he sees off an El País reporter and moves tables for a change of scene in his local south London pub, he explains that this album has been...

Author: /time Magazine | Title: Streets Smart | 5/9/2004 | See Source »

...approaches the green fields of commencement, Gossip Guy has been getting really intimate with his pet bong, Billy Bong Thornton, leaving him little time for sharp-eyed observations on the nuanced social lives of Harvard idiots. Thankfully, his sober-er sister Gossip Gal is on the case with a little help from her friends. Together they bring you an incredible dose of clear-headed lies, pure-lunged rumors, and urine-test-passing innuendo...

Author: By Only GOSSIP Gal... and The One, S | Title: Gossip Gal! | 5/6/2004 | See Source »

...lost some hearing after decades on the road in front of a stack of amps. Audience members frequently had to repeat their questions as Stills left his seat and approached them, cocking his ear to catch even a snippet of the questions asked. But he has the same sharp intelligence that captivated listeners in the Summer of Love, the same earnest dedication to peace, justice and cool that came through on so many not-quite-protest songs in those years. It took Stills a while to warm to the students gathered in the Kirkland...

Author: By Simon W. Vozick-levinson, | Title: Rockin' the Vote | 5/6/2004 | See Source »

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