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...With global growth expected to slow further in coming months, the pressures facing manufacturers certainly will increase. Some Chinese companies are giving up their export businesses entirely. Shi Junmin, CEO of Pinghu Mingda Bag and Suitcases Co. in Zhejiang province near Shanghai, had been selling suitcases to U.S. customers since 2006. He stopped in June. Orders were still flowing in from America, but clients, strained by the financial crisis, were not paying him, Shi says. By midyear, he says, he was owed some $3 million. Shi instead shifted to manufacturing luggage for local China brands, hoping domestic sales could rescue...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

...than equally bright but wealthier kids. As we middle-class parents scrabble to keep our children in the middle class, many of us have opted for academic standards over the chance to have our kids learn with others from a range of backgrounds. School has become as much a slow shuttering from the world as it is an exposure...

Author: /time Magazine | Title: Stuck in Class | 10/21/2008 | See Source »

...marriage in California is the costliest campaign about a social issue in U.S. history. Spending by both sides has topped $50 million, and the figure is growing. Most of those dollars have poured in since May, when the California Supreme Court turned what had been a slow-moving ballot initiative into a white-hot controversy by issuing the most sweeping declaration of fundamental gay rights to be found in U.S. law. Not only must gays be allowed to marry, the Republican-dominated court said, but it also flatly outlawed nearly any kind of discrimination against them...

Author: /time Magazine | Title: California and Beyond: The Battle over Gay Marriage | 10/21/2008 | See Source »

After initially being slow to react to the spreading fallout from the U.S. financial system meltdown, Asian policymakers in recent days have been forced to adopt a more aggressive approach to shielding their economies from further damage...

Author: /time Magazine | Title: Asian Nations Step Up Support as Crisis Rolls On | 10/20/2008 | See Source »

...problem is, that the world has been slow to recognize the change. "I am sure I am going to hear people say, 'Who is Mogae? Like last year, people said: 'Who is Chissano?', says Ibrahim, referring to inaugural winner, former Mozambique President Joaquim Chissano, another of Mugabe's neighbors who stepped down peacefully and voluntarily. "But everybody knows Mugabe...

Author: /time Magazine | Title: Festus Mogae: Africa's Good Leader | 10/20/2008 | See Source »

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