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...This kind of exuberant consumer behavior helps to explain why China has powered through the global recession with only limited damage. Local officials expect Xi'an's gross domestic product to surge 13.5% in 2009, far faster than the central government's 8% target for the national economy. Even more importantly, the thriving economy in this city of 8 million lends hope that China might be able to complete its next great economic transformation. China has come to depend too much upon exports and investment for growth. What's needed is economic rebalancing, so that domestic consumption contributes more...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

...read McCarthy's lean, brutalizing novel in one unhappy gulp 15 months ago and only recently began to consider myself healed. How do you lure people to a movie made from a book that itself probably should have borne a mental-health warning from the surgeon general? Do you target the innocents or the masochists...

Author: /time Magazine | Title: The Road on Film: Beautiful, Bleak | 11/30/2009 | See Source »

...kind of legitimacy that such a cease-fire would bring. They want to be counted as a legitimate force with legitimate grievances." But a cease-fire would mean that Taliban senior leaders would be removed from the U.N. sanctions list as well as the Pentagon's Joint Integrated Prioritized Target List, which catalogs authorized targets for U.S. forces. Doing so shouldn't be that difficult. It could even be used as a bargaining tool to lure some of the Taliban to the table...

Author: /time Magazine | Title: Talking with the Taliban: Easier Said Than Done | 11/30/2009 | See Source »

...Point backdrop and the President's oratorical gifts, will probably boost public support for the war effort in the short run. But it is unlikely to convince most Americans that a war that has already lasted more than eight years is worth fighting indefinitely. Even if Obama sets a target date for leaving Afghanistan, he'll still be asking the public to sign on to a major escalation that will see many more Americans killed and wounded, and will cost hundreds of billions more dollars. Pouring blood and treasure into a distant campaign is a hard sell at the best...

Author: /time Magazine | Title: Obama at West Point: Can He Make the Moral Case? | 11/30/2009 | See Source »

...price wars have gone nuclear. From Target's $3 coffeemakers to Best Buy's half-price washing machines to Staples's $350 laptops, the theme of this holiday shopping season is, without a doubt, "we sell for less." Even Wal-Mart's commitment to "every day" low prices isn't preventing it from going lower. An online skirmish with Amazon.com that started with $9 hardcover books (books normally sold for three times that amount) has dominoed into other categories, driving down prices on everything from mobile phones to Easy-Bake ovens. The deals are everywhere. (See pictures of expensive things...

Author: /time Magazine | Title: Why Big Shopping Bargains Are Bad News For America | 11/27/2009 | See Source »

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