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...economy. Some see the problem as little more than a big real estate bust. "I don't see what the big deal is," Willem Buiter, economist at the London School of Economics and Political Science, wrote bluntly. Others see the Dubai crisis as the potential flashpoint for a new stage of the global crisis, a sign that heavily indebted sovereign states might begin having trouble financing their deficits, or that investors will reassess their exposure to risky emerging markets in some kind of financial "contagion." BofA Merrill Lynch strategists postulated in a report that "one cannot rule...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

...volunteers were outfitted with electrode caps - akin to a white shower cap with a jungle of wires sticking out of it - that tracked their brain waves in order to determine their stage of slumber. Using an electroencephalogram (EEG), investigators monitored the sleepers' brain activity, and just when the squiggly lines on the screen showed that participants had entered deep sleep, researchers began playing a series of 25 of the sounds that the individual had heard earlier in the memory game. "[The volume] was a little over a whisper, probably much [quieter] than ... your iPod," says John Rudoy...

Author: /time Magazine | Title: Want to Boost Your Memory? Try Sleeping on It | 11/30/2009 | See Source »

...period a year earlier, well above the 14.8% posted in China's cities nationally. BofA Merrill Lynch estimates that retail sales in the western provinces rose 19.2% in the first half of 2009, 3 percentage points more than in the east. "Xi'an has reached a very important development stage," explains Chen, Xi'an's mayor. "Incomes are just at the first point when people can buy homes and cars...

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

...have to do things differently. We cannot say after 15, 20 years that we cannot resolve our issues. This is about our capacity to adapt to new conditions, to analysts what are the new challenges. That's what the ANC is doing right now. We are just past the stage where we might have turned into something else - and where we might have fallen. I think that, instead, we have jumped forward...

Author: /time Magazine | Title: Jacob Zuma: 'We Have to do Things Differently' | 11/26/2009 | See Source »

...slow the spread of swine flu. But when it came to Junior Eurovision, she decided that the show had to go on - if only so she could be photographed with the children ahead of January's presidential election. During the final on Saturday night, Tymoshenko took to the stage to thank all of the children for putting on "a beautiful festival in Ukraine." Not to be outdone, her rival, current President Viktor Yushchenko, delivered his own message from the opposite side of the stage. "Don't shed any tears children," he said. "You're all winners tonight...

Author: /time Magazine | Title: Junior Eurovision: Schoolyard Crushes with Glitter | 11/23/2009 | See Source »

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