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...Shock to the Economy Almost 500,000 troops were deployed to help restore transportation links and clean up the devastation, the largest military deployment for a natural disaster since devastating floods almost a decade ago. But the economic damage is already done. The Chinese government estimated storm-related losses at about $3 billion. Economists say this figure is bound to rise. "I'd guess in the end [the crisis] will shave a couple tenths of a percentage point off China's GDP growth this year," says Ben Simpfendorfer, a China economist with the Royal Bank of Scotland in Hong Kong...

Author: /time Magazine | Title: China On Ice | 1/31/2008 | See Source »

...campaign announced it would accept public financing. Facing not one, but two candidates who were outraising him 3 to 1, Edwards was forced to accept matching public funds in a deal that severely limited how much he could spend in comparison to his rivals. But, again, Edwards weathered the storm and forged...

Author: /time Magazine | Title: Why Edwards Never Caught On | 1/30/2008 | See Source »

...This year, travel has been particularly grueling, as some of the heaviest snowstorms in recent memory have wrought destruction and misery in 14 of China's provinces. The Ministry of Civil affairs announced on Monday that 24 people had died in storm-related accidents, including 10 in collapsed houses. On Tuesday, 25 people were killed when a bus slid off an icy road in southwestern Guizhou province, the state-run Xinhua News Service reported. Some 80 million people have been affected by the storm, 1 million of them having had to be relocated. Damage, including the collapse...

Author: /time Magazine | Title: No Way Home for China's Migrants | 1/29/2008 | See Source »

Neither rain, nor snow nor sleet from a huge storm the night before could dampen the militancy of the aging all-stars of 60 years of Arab conflict with Israel gathered at a trade union resort hotel outside Damascus on Wednesday. It was the biggest gathering of radical Palestinian factions since the signing of the Oslo Peace Accord in 1993, with Hamas, Islamic Jihad and Popular Front for the Liberation of Palestine-General Command attending along with the Lebanese Hizballah organization - an all-star cast of organizations branded as terrorist...

Author: /time Magazine | Title: Syria: Who Needs Annapolis? | 1/24/2008 | See Source »

...surprisingly plump, says Zaidan, but his soft, stout figure and easy camaraderie belie a powerful charisma and laser-like focus. Zaidan attributes some of Baitullah's savvy to better education and more exposure to al-Qaeda: "These militant leaders now, they are living in the eye of the storm. They learn more in one minute than the Taliban did in a year...

Author: /time Magazine | Title: The Face of Pakistan's New Taliban | 1/24/2008 | See Source »

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