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...Chinese are believed to have issued the world's first paper currency around 600 A.D., and fourteen centuries later, cash remains king. Cars and houses are bought, and even salaries are often paid, with thick envelopes of bills. To date, banks have issued only slightly more than 50 million credit cards to a population of 1.3 billion, according to a recent study done by the payment processing company First Data International. Credit card debt remains minimal - 85% of cardholders pay the full balance off each month. By comparison, Americans possess 640 million cards - more than double the population - with...

Author: /time Magazine | Title: In China, There's Priceless, and for Everything Else, There's Cash | 7/13/2007 | See Source »

...tightly sealed booth, a nozzle attached to a robotic arm shoots out a constant spray of what look like white-hot sparks - picture a particularly robust Roman candle - onto a row of four cylinder heads. What it's actually spraying, however, is molten metal, adding a new 1-mm-thick layer of chrome or nickel to the head. Each time a cylinder goes through remanufacturing, a milling machine shaves a fraction of a millimeter off the cylinder's head to remove pitting. After a few shaves, however, a head can weaken. The extra layer applied by the flame spray rebuilds...

Author: /time Magazine | Title: Born Again | 7/12/2007 | See Source »

...meteorites that strike Earth, while Ceres, which is closer to us, provides none. One reason might be simply that Vesta is made of denser stuff, material that when it breaks away can remain intact through the long journey to Earth. "Ceres is not very thick," says Russell, "and whenever there's an impact, it knocks off ice and a lot of dust that doesn't survive the trip." That ice makes Ceres intriguing in its own way. At 590 miles (950 km) in diameter, it could be a surprisingly dynamic place, with an ice crust over a rocky interior...

Author: /time Magazine | Title: The Slow-Motion Space Mission | 7/12/2007 | See Source »

...cells grow into strong swimmers-and that's critical. Weak sperm do not survive long in the wild environment of the reproductive tract. There may be millions of the tiny cells released, but to reach the egg they must withstand the acidic environment of the vagina, fight through a thick layer of cervical mucus and then race the other sperm to penetrate the egg's protective layer. Men are responsible for almost 40% of conception problems, and MIF, researchers believe, may play a role in most of the cases. "It is all about sperm,"says chemist Yousef Al-Abed...

Author: /time Magazine | Title: New Insight Into Male Infertility | 7/6/2007 | See Source »

...Labour leader never kept a diary, unintentionally casting Campbell as his acerbic Boswell. Campbell's journals, edited from over two million words to a thick tome of 350,000, reveal their serial encounters with Presidents and Premiers, royals and rock stars, lawmen and faith leaders, press barons and members of the public. It's to that last category, "people outside the Westminster bubble," he tells TIME, that the author is appealing, over the heads of a media both he and his former boss have come to regard as irredeemably hostile...

Author: /time Magazine | Title: A Blair Insider Tells All | 7/6/2007 | See Source »

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