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...understand there are reasons for their existence." Mo Yan quite unabashedly says that the desire to escape poverty was the initial reason for the existence of his novels but he adds that it has long been supplanted. "Now that I can afford dumplings, why am I still writing? Because I have things to say." And to say delicately, if he's to continue enjoying good relations with his hosts at lunch...

Author: /time Magazine | Title: Lunch with China's Mo Yan | 3/29/2010 | See Source »

...ride of the British pound. After a recent poll showed Labour and Conservatives running neck and neck, the pound plunged 2% against the dollar in a few hours. Britain clings to a nostalgic sense of its place in the world as a top-tier global economic power. It's still the world's sixth largest economy, but other numbers are not so flattering. Britain's budget deficit - ?178 billion, according to the Treasury - is the largest as a proportion of GDP among G-7 nations. Unemployment stands at 2.46 million, a rate of 7.8%. That...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

Fool's Gold That distant El Dorado may have enriched only some Britons, but the turbulence shaking it is felt by everyone. There's little agreement among politicians or economists about quite how much of a basket case Britain has become. "Although the economy is now growing, recovery is still in its early stages and remains very fragile," Brown said in a March 10 speech in the City. Labour says the recovery is due to the government's lead in global efforts to stabilize the banking system and its $30 billion of fiscal stimulus and argues that stimulus spending must...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...boys in the diocese of Essen. At the time, it was not uncommon for pedophiles to be prescribed therapy. But the priest was quickly allowed to return to pastoral duties, allowing him to continue abusing minors for several more years. He was convicted of sexual abuse in 1986 - yet still he continued to work as a priest. (Ratzinger moved to Rome in 1982, long before the conviction.) The priest was finally exposed by the Süddeutsche Zeitung newspaper last week. On March 12, the Archdiocese of Munich and Freising admitted in a statement that "serious mistakes were made...

Author: /time Magazine | Title: Catholic Europe: How Damaged Is the Papacy? | 3/29/2010 | See Source »

...civilian KSM trial had already cost the White House the support of many Democratic leaders in New York. Republicans, meanwhile, were busy turning Holder into the poster child for White House weakness on terrorism, and some polls showed that most Americans agreed with them. "The only two people who still believe in civilian trials," says one of the meeting's attendees, "are Holder and the President."(See the top 10 unfortunate political one-liners...

Author: /time Magazine | Title: Eric Holder's Trials and Tribulations | 3/29/2010 | See Source »

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