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...China's imbalances are likely to get worse. This is largely because the country's spectacular economic boom is driven by a self-sustaining flywheel of rapid productivity gains and increasing profits, which generates excess capital that is in turn invested in more manufacturing capacity. This is why the country's trade surplus with the rest of the world has been rising at an alarming pace, growing nearly 50% to a record $262 billion last year (although the trade gap narrowed in the final three months of 2007). Because many Chinese companies are awash with cash, traditional policies aimed...

Author: /time Magazine | Title: Finding the Right Balance | 1/17/2008 | See Source »

...best deals: Tibet: $500 can net you airfare and a luxurious four night stay in Tibet’s capital city, Lhasa. It may be worth checking out nearby Mt. Everest, the latest fad amongst adventurous millionaires. Take the cable car to the top and enjoy the spectacular view. Harbour Island, Bahamas: For just $357, you can reach this secluded Bahamian island and vacation with washed-up A-list celebs like Drew Barrymore. But $500 will merely get you there. What’s that? You want some place to sleep? You’ll need slightly more to purchase...

Author: By Mark A. Pacult, CRIMSON STAFF WRITER | Title: Get Your Groove Back For Under $500 | 1/17/2008 | See Source »

...production was far more interesting than any sermon and provided an insightful commentary on the love between parents and children. The orchestra (conducted by Samuel L. Linden ’10) perfectly set the mood for each scene, and each number seemed sewn into the actors’ spectacular movements...

Author: By Beryl C.D. Lipton, CRIMSON STAFF WRITER | Title: ‘Children of Eden’ is Idyllic | 1/14/2008 | See Source »

...with a mission: to convert Americans to a healthier lifestyle. (In other words, if you made a New Year's resolution, keep it!) Williams has laid out his game plan in his bestselling new book, Living Well: 21 Days to Transform Your Life, Supercharge Your Health, and Feel Spectacular (New American Library). TIME's Andrea Sachs caught up with the author and TV star between broadcasts...

Author: /time Magazine | Title: Not Another Diet Book: Montel Williams | 1/11/2008 | See Source »

Naples would rather be famous for wood-baked pizza. But its real specialty these days is spectacular trash crises. The latest emergency, like those before it, stems from government mismanagement and the Camorra, Naples' Mob, which has infiltrated much of the garbage industry. Refuse went uncollected for three weeks, leading to school closures, violent street protests and finally deployment of the Italian army to collect the trash. A look at what's causing the stench...

Author: /time Magazine | Title: Trashing Naples | 1/10/2008 | See Source »

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