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Dates: during 2000-2009
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Prechter readily admits that he's far from infallible. The standard he says he wants to be held to is similar to that of a hitter in baseball, in which batting .300 makes one a star and .400 an immortal. He has concluded that time is a "quite elastic" variable when it comes to Elliott's waves...

Author: /time Magazine | Title: Riding the Waves of Irrational Behavior | 11/30/2009 | See Source »

...lack of exposure to crashing global markets means it has barely been singed by the crisis. In fact, the city has benefited. It's received $230 million of Beijing's $585 billion stimulus package, which helped accelerate the construction of a new subway system, highways and other projects. A similar scenario has been playing out in other western China cities like Chengdu and Chongqing. BofA Merrill Lynch Global Research calculates that the GDP of China's western provinces grew 9.3% in the first half of 2009, compared with 6.5% in the east. This trend is likely to continue. "Growth...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

...Foreign investment is migrating to Xi'an for similar reasons. Unlike on the coast, where Hong Kong and Taiwan companies have set up countless export factories, the investments in Xi'an tend to be more domestically focused. In October, Applied Materials, a California-based maker of manufacturing equipment for the semiconductor industry, opened a solar-power research center in Xi'an, part of a $250 million investment in the city. The facility, unique to Applied Materials' global operations, will house solar-cell production lines to devise new ways of bringing down the costs of manufacturing panels. Though the results...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

...going to vet each one before it appears. Whether this is just a speed bump for a company that's growing dizzyingly fast or a huge infrastructural problem is unclear. Reports peg Zynga's revenue at $100 million a year, which the company says is low. If you assume similar economies for Zynga as for Playfish, says Atul Bagga, an analyst with Think Equity, "Zynga could be four times bigger on a run-rate basis...

Author: /time Magazine | Title: Troubling Rise of Facebook's Top Game Company | 11/30/2009 | See Source »

...your child so much love that you're choosing a dude from your freshman dorm as a godparent instead of them. Which is why experts suggest you do it through a humor column in the back of a magazine. But we chose demographics over love. The Wus went to similar colleges, had similar jobs and do similar things with their time. Despite genetics and the 18 years we spent together, our family is less like us than the people we choose to associate with. Which means, sadly, that one day Laszlo will be fundamentally more in tune with his slacker...

Author: /time Magazine | Title: Who Will Inherit Joel Stein's Kid? | 11/30/2009 | See Source »

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