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...milk scandal is simply the latest and not by any means the most lethal example of the dark side of Chinese capitalism. The heparin case, in fact, has been far deadlier. Last summer the Food and Drug Administration updated the estimated death toll worldwide associated with tainted heparin to 149. As more and more pharmaceuticals are sourced in developing countries--an estimated $1.5 billion from China and India alone in 2007, according to a study by Credit Suisse--the heparin case has raised a fundamental question in the U.S. and the rest of the developed world: How safe...

Author: /time Magazine | Title: Heparin's Deadly Side Effects | 11/13/2008 | See Source »

...looking for product. And when FDA inspectors showed up in Hangzhou this year, after reports of a spike in deaths and illness, Ruihua Biomedical stiff-armed the investigators. It refused to let them inspect its processing lab and declined to provide a list of crude-heparin suppliers. Before last summer, SPL's China facility had never been inspected by Beijing's drug-safety agency because, says a spokesman, the agency thought "it was a chemical plant." A source close to the FDA's heparin investigation puts it bluntly: "China simply has no regulatory regime to speak...

Author: /time Magazine | Title: Heparin's Deadly Side Effects | 11/13/2008 | See Source »

Armed with this information and a few reasonable if not entirely uncontroversial assumptions about how the economy works, Zandi's firm has estimated the one-year impact on GDP of several stimulus proposals per dollar of spending or lost revenue; for example, a tax rebate like this summer's would generate $1.22 on the dollar. Extending unemployment benefits would bring in $1.63; infrastructure spending, $1.59; and a temporary increase in food-stamp benefits, $1.73. Making the Bush income tax cuts permanent would bring in just 31¢ on the dollar. So spending increases would seem to be in order. Bush...

Author: /time Magazine | Title: Will Washington's Stimulus Plan Work? | 11/13/2008 | See Source »

Every team had been given a standard kit of biological parts at the beginning of the summer. Since iGEM, which began in 2003, does not give prompts, a diverse array of projects were presented. The grand prize went to Sloveniaā€™s ā€œImmunobricks,ā€ a project that developed a vaccine...

Author: By Helen X. Yang, CONTRIBUTING WRITER | Title: Bacteria Project Wins International Energy Award | 11/13/2008 | See Source »

...seemed a sure winner. Traditionally, the haredim vote in a solid block, obedient to their rabbis. But Porush, a snowy-bearded, autocratic "prince" of a political-religious dynasty, had angered many Hassidic Ger rabbis, known for wearing black, long-tailed robes and boxy fur hats even during the sweltering summer heat. For generations, the Porush family and the Ger have been rivals inside the cloistered Haredi community...

Author: /time Magazine | Title: Jerusalem Votes In a Secular Mayor | 11/12/2008 | See Source »

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