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...time. The nation is not nearly as vulnerable to export slumps because its own consumers are spending like mad on everything from cars to vacations at Angkor Wat. That could well keep growth rates at the current 7%. But China also has other big problems?most notably corruption?that threaten to stifle growth. Either way, there is a general consensus that China is a serious competitor to the rest of Asia. And assuming nations in the region don't orchestrate a turnaround soon, the current slump might provide China with an opportunity to steal the show. Many foreign investors already...

Author: /time Magazine | Title: Sinking Feeling | 7/23/2001 | See Source »

...Americans want him to arrest the Hamas people. He either doesn?t want to or can?t. Maybe he believes it would make him look weak, and perhaps doesn?t want to because he wants to be able to unleash the violence on the Israelis, or at least threaten it - he can say "I can?t control them, it?s not me, I condemn the bombings...

Author: /time Magazine | Title: Stalemate and Revenge Cycle in Israel | 7/19/2001 | See Source »

...realized that 2,000 miles away, in Washington, a series of decisions were being made that could threaten the Yellowstone ecosystem. The previous evening the Interior Department had announced it was blocking a plan to reintroduce grizzly bears to the Bitterroot Wilderness area in Idaho and Montana, northwest of Yellowstone, even though biologists say that such a reintroduction is ultimately necessary to maintain the genetic diversity of the bears in the park. The following week, Interior announced it was thinking about lifting a ban on snowmobiles in Yellowstone that had been agreed upon last year. At the same time...

Author: /time Magazine | Title: High Noon In The West | 7/16/2001 | See Source »

...same time, the media aren't getting a lot of sympathy from the public. The media are considered quick to use their power to threaten re-putations and prone to taking bribes from sources. What's more, media owners have avoided tax probes in the past by threatening to write embarrassing stories about tax officials, says opposition lawmaker Lee Bu Young, a former journalist...

Author: /time Magazine | Title: Stomping the Presses | 7/16/2001 | See Source »

That teetering edifice that is the Kyoto Protocol gets some emergency repair work this week as delegates from 180 countries gather in Bonn to work out problems that threaten to scuttle the deal altogether. With the U.S. definitely not on board, and Japan threatening to leave as well, there is tremendous pressure to get enough nations together to adopt some version of the treaty designed to reduce greenhouse gas emissions. If Japan withdraws support, the accord?s days may be numbered, and hope isn?t high among delegates that there will be an agreement this time around...

Author: /time Magazine | Title: A Global Warming Treaty's Last Chance | 7/16/2001 | See Source »

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