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A slump in exports has pretty grim implications for the country's manufacturing boomtowns, and the pain is already being felt. Stanley Lau, deputy chairman of the Federation of Hong Kong Industries, estimates that export orders at some 70,000 factories owned by Hong Kong companies in southern China have...

Author: /time Magazine | Title: How Will China Weather the Financial Storm? | 10/23/2008 | See Source »

When you start to think about the vast digital databases that shadow our lives, the general incomprehension about the Middle East, and the readiness to blacklist people - guilt by association - you start to suspect George Orwell was right. And, incidentally, it doesn't have to be this way. Before 9/11...

Author: /time Magazine | Title: When the State Police Fingers Terrorists | 10/17/2008 | See Source »

House Rules Buying property in both places isn't quite as simple as purchasing a house back home. Mortgages are rare. Currency fluctuations make buying at the right time all the trickier. And, most importantly, in both Thailand and Indonesia, foreigners cannot own land. Expatriates have two choices. They can...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

The hardware came from the huge stockpiles of Soviet weapons left behind when the Soviet Union collapsed, and Dos Santos wanted it in order to crush the U.S.-backed Unita rebels during Angola's devastating civil war. (Dos Santos, who is believed to have made millions off the trades, won...

Author: /time Magazine | Title: The Arms Trade Booms Amid Global Economic Woes | 10/14/2008 | See Source »

That doesn't mean China hasn't been nicked already by the crisis. It has. Its banks have an estimated $12 billion in exposure to subprime debt in the U.S., a figure some analysts believe is understated. Its sovereign wealth funds have lost tens of millions of dollars on poorly...

Author: /time Magazine | Title: China's View of the Financial Mess: Alarmed But Confident | 10/7/2008 | See Source »

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