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...regional GDP during the financial crisis of 1997-98 to a record 47% in 2007. And recent research by the International Monetary Fund shows that Asian exports continue to be underpinned by demand from consumers in the industrial world - especially from the U.S. Despite a surge of trade within Asia, the bulk of these intraregional flows have been concentrated in parts and components that go into finished goods eventually consumed by developed economies...

Author: /time Magazine | Title: Kidding Ourselves About an Asian Recovery | 6/8/2009 | See Source »

...squads themselves were a picture of contrasts. The Iranians have been long considered one of Asia's more talented and enigmatic outfits, a team that likes to play an attractive and skillful game of neat touches and quick passing. They boast a number of flashy stars who ply their trade in some of Europe's elite football leagues. In the past, Iran's mullahs have issued fatwas chastising national team players for growing their hair long. Still, there were plenty of flowing locks on Iranian heads in Pyongyang; the team commands such adulation from the country's football faithful that...

Author: /time Magazine | Title: North Korea Wipes Out Iran (from the World Cup) | 6/7/2009 | See Source »

...these schools, students learn the technical aspects of the trade, as well as the basics of, say, running a wedding. One lesson from Rankin's classes - if you're going to announce a cake cutting, make sure the photographer is in the room. "You'll be surprised how many beginners forget little things like that, and these little things make a big difference," says Rankin. Smith actually compares deejay school to medical school. "Just because you have all the surgical equipment doesn't mean you're ready to do surgery," Smith says. Er, playing music isn't quite like...

Author: /time Magazine | Title: Why Deejay Schools Are Thriving in a Recession | 6/6/2009 | See Source »

...with the Indian Prime Minister Manmohan Singh and assured him that Indian students - whose tuition is healthy source of income for Australian universities - are welcome. In a press release, he said a taskforce had been set up which would include senior officials from the Department of Foreign Affairs and Trade, the Department of Education and Workplace Relations, the Department of Immigration and Citizenship and the Attorney-Generals' Department to deal with the problem. (Read a short bio of Kevin Rudd...

Author: /time Magazine | Title: Racial Attacks Trouble Indian Students in Australia | 6/6/2009 | See Source »

...France flights are fundamentally misleading. "One thing that has got to be clear is that there are more than one manufacturer of ADIRUs, and the ADIRU manufacturer for the Qantas case is not the same for the Air France case," he tells TIME. As reported in the aviation trade magazine Air Transport News, manufacturer Northrop Grumman makes the ADIRUs for Qantas, and Honeywell for Air France. "There are no similarities in ADIRUs between the two cases," says Dubon. (Q&A: How to survive a plane crash...

Author: /time Magazine | Title: Could a Computer Glitch Have Brought Down Air France 447? | 6/5/2009 | See Source »

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