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...eroding the value of its holdings, due to the growing U.S. budget deficit that is expected to swell to more than $1.75 trillion in 2009, the country's largest debt load as a percentage of GDP since World War II. "This is the tip of the iceberg," warns Joseph Tan, the chief Asia economist for private banking at Credit Suisse. "It doesn't look promising for the dollar." (Read "How China Is Capitalizing on the Economic Crisis...

Author: /time Magazine | Title: China Takes a Small Step Away from the Dollar | 4/6/2009 | See Source »

...host to a small, surprisingly busy jazz scene and a newly launched international jazz festival. It's against this homespun backdrop that the album Raw Jazz emerges, with a kind of indomitable energy that's entirely fitting for the place in which it was born. Introducing Singaporean vocalist Hanjin Tan, a producer and composer of Cantonese pop by day, this low-frills, high-moxie album is a collection of 11 jazz standards, each recorded in a single take along with the help of local jazz luminaries Skip Moy on guitar, Paul Candelaria on bass and Jason Cheng on piano...

Author: /time Magazine | Title: Dig It, Daddy-O! | 4/6/2009 | See Source »

...spirit of jazz is to sing it the way you feel, react to the way the players are playing," says Tan, about the ensemble's approach to recording. This spontaneity comes across in the listening. From the easy swing of first song "Sweet Lorraine" to the skittering ebullience of "Spain," the album's closer, Raw Jazz sparkles with the brio of live performance. Standout tracks include a jive-worthy version of "Honeysuckle Rose" and "That Old Black Magic," in which Candelaria's bass grounds Tan's larger-than-life channeling of the already larger-than-life Sammy Davis Jr. Exuberant...

Author: /time Magazine | Title: Dig It, Daddy-O! | 4/6/2009 | See Source »

...Sulawesi. While natural catastrophes like flooding and landslides take a human toll every year in Indonesia, many say manmade disasters like the March 27 dam collapse can be prevented. "The country is taking the right steps but the speed will depend on changes in the regulatory framework," predicts Adnan Tan, head of sales and trading at CLSA Indonesia. "It is sometimes hard to get things through parliament because of competing interests...

Author: /time Magazine | Title: Indonesia Looks Inward After Dam Bursts | 3/31/2009 | See Source »

...April 1959 article titled "Beer & the Beach" ("It's not that we drink so much," noted one attendee, "it's that we drink all the time."). Two years later came the release of the spring break-themed hit movie Where the Boys Are starring a young, preternaturally tan George Hamilton. The Fort Lauderdale-set film spread the tale of collegiate men and women voyaging to the halcyon shores of Florida to find fun, sun - and maybe even true love - far and wide. (See how the recession is affecting spring break...

Author: /time Magazine | Title: Spring Break | 3/30/2009 | See Source »

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