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...favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies in the industries considered strategic for the economy; Taiwan chipmaker Powerchip Semiconductor has already applied for government help. China, meanwhile, has restored or raised tax rebates over the past six months on more than 3,700 export items, including many consumer goods like toys, to assist struggling small exporters. The rebates can help keep the prices of Chinese exports low and more competitive...

Author: /time Magazine | Title: The Threat of a Global Trade War | 1/19/2009 | See Source »

...six minutes from the time flight 1549 struck what is now believed to be a flock of birds and when it touched water, the two pilots in the cockpit were tasked with deciding what options they had as they glided dangerously over northern New York City. The choice of landing in water likely seemed the best option considering those circumstances. Pilots are trained to bring planes in for a smooth landing on water the same way that they would on land, keeping landing gear stowed to make the plane more boat-like. They also have different ditching checklists depending...

Author: /time Magazine | Title: Learning from Flight 1549: How to Land on Water | 1/17/2009 | See Source »

...terms popularized during the Vietnam War, this low-key joint is a fun maze of backrooms, each designed to fit a different energy. Hop upstairs to the recently dedicated "Obama Loft" for some dancing. Obama had a fundraiser here in 2004; banners are stretched across each of the six rooms, personally welcoming the President in case he returns. A wall hanging displays campaign stickers from recent years, with slapstick slogans like "Let's Kerry Bush out of the White House." Random hooks provide space for coats, hats and bags and a very attention-grabbing "No Smoking" sign is taped...

Author: /time Magazine | Title: A D.C. Club Guide for Inaugural Weekend | 1/17/2009 | See Source »

...also bypass the need to deploy international forces, a move that would complicate any future offensive. Israel ended its 2002 offensive against militants in Jenin and other West Bank cities on its own terms, choosing where to remain deployed and continuing to raid those cities as deemed necessary. The six-month truce that maintained calm in Gaza from June until November last year was never formally codified - each side had its own interpretation of understandings reached with the Egyptian mediator, and there was no publicly agreed text or mechanism for monitoring or arbitrating disputes...

Author: /time Magazine | Title: How the Gaza War Could End: Three Scenarios | 1/16/2009 | See Source »

...Even before the Israeli invasion began in late December, Hamas had offered to renew its six-month cease-fire with Israel on the condition that the border crossings from Egypt and Israel into Gaza be reopened. Those crossings have been closed as part of a strategy of imposing economic deprivation on the people of Gaza in the hopes that they would turn on Hamas; Israel remains reluctant to agree to reopen them as part of a cease-fire deal, since that would be claimed as a victory by Hamas. Hamas also insists on a full and immediate withdrawal...

Author: /time Magazine | Title: How the Gaza War Could End: Three Scenarios | 1/16/2009 | See Source »

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