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...China rapidly becomes the world's workshop, supplying everything from Thomas the Tank Engine toys to computer chips to blood thinners, the world is coming to understand what Chinese citizens have known for quite a while. The country's growth--and intense competition among manufacturers in industry after industry--has gone far beyond the government's ability to regulate the economy effectively. In an ostensibly communist country, unfettered competition combined with nonexistent or, in many cases, corrupt government oversight has often produced a race to the bottom among businesses. Competition based on cost, in which manufacturers eke out slim profits...

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

...Suez Canal annually. There are several gangs of pirates; armed with Kalashnikov rifles and traveling on small fishing boats and skiffs, they have attacked more than 80 ships and hijacked at least 30, collecting anywhere from $18 million to $30 million in ransom, according to the British strategic think tank Chatham House. Big paydays have made them progressively bolder: one gang is still holding on to the MV Faina, the Ukrainian freighter carrying a consignment of Russian tanks that was hijacked on Sept...

Author: /time Magazine | Title: The Suffering Of Somalia | 11/13/2008 | See Source »

...answers, I decided to check in with the Center for American Progress (CAP) - the think tank run by Obama's transition chief, John Podesta - which has drafted a green-energy stimulus plan of its own. "We identified $50 billion in programs that are ready to go immediately," says Bracken Hendricks of CAP. "The package would create 2 million jobs across the skill spectrum, from blue collar to high tech, and in almost every area of the country. There was huge congressional appetite for this even before the economic crisis...

Author: /time Magazine | Title: What a New Energy Economy Might Look Like | 11/13/2008 | See Source »

...Canada withstood the subprime tornado better than other countries, and should the Canadian banking system be a model for G-7 and G-20 leaders when they gather in Washington on Nov. 15? Consider that the Geneva-based World Economic Forum, an influential think tank whose annual conference attracts the likes of Bill Gates and Tony Blair, earlier this month ranked Canada's banking system as the soundest in the world. The U.S. came in at No. 40, and Germany and Britain ranked 39 and 44, respectively. (Switzerland was No. 16, just ahead of Namibia.) "For Canadian banks, having higher...

Author: /time Magazine | Title: Why Canada's Banks Don't Need Help | 11/10/2008 | See Source »

...from Thrifty - for just $1 a day. If you pick the car up in select cities, such as Chicago, Milwaukee, Cincinnati or Kansas City, and return it to select cities in the Sunshine State, it'll cost you less to rent the car than it will to fill the tank...

Author: /time Magazine | Title: Travel News: Luxury Hotel Rooms on Sale | 11/7/2008 | See Source »

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