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...notion that Asia has somehow "decoupled" itself from the U.S. now seems fanciful. China and America have come so close to merging financially that we can almost speak of "Chimerica." When Fannie and Freddie were on the brink of collapse, many were surprised to learn that fully a fifth of China's currency reserves was composed of their bonds. Small wonder. Having spent much of the past decade intervening on currency markets to prevent the appreciation of its renminbi, China has accumulated a huge hoard of dollar-denominated bonds. No foreign nation stands to lose more from a U.S. financial...

Author: /time Magazine | Title: The End of Prosperity? | 10/2/2008 | See Source »

...amid all of the gloom, many Asians can't help but remain optimistic. After decades of rapid growth, it seems impossible to some that new jobs and rising incomes will somehow suddenly vanish. Gao Yajun, a 26-year-old Beijing photographer, sees opportunity in crisis. "My hunch is that it might turn out to be a golden opportunity to make money," he says. That spirit may be Asia's best protection against America's problems...

Author: /time Magazine | Title: Asia's Good Times at Risk | 10/2/2008 | See Source »

...Many of us write off these tips as nothing more than common sense. It’s easy to assume that the victims of theft somehow bring it upon themselves, by making reckless decisions or failing to notice signs of impending danger. Many of us remain convinced that we have nothing to worry about—we would never be caught in such a vulnerable position...

Author: By Molly M. Strauss | Title: Going It Alone | 9/29/2008 | See Source »

...Obama side, the claim that McCain somehow supports cutting Social Security benefits. They don't specify that they're talking about a cut in relation to the growth of future benefits for people who haven't been born yet. When people hear that they think Grandma's check is going to be cut. And that's just a complete falsehood and they know that...

Author: /time Magazine | Title: Keeping the Campaigns Honest | 9/29/2008 | See Source »

...remains a shy man, but one who is somehow dazzled by his own destiny." (A European nonproliferation official, who scoffed at ElBaradei's penchant for name-dropping...

Author: /time Magazine | Title: Nuclear Watchdog Mohamed ElBaradei | 9/29/2008 | See Source »

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