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...Moves like the latter one could wind up stoking the fires of global inflation. After all, it was China's cheap laborers who turned the country into the world's factory. By one estimate, China's manufacturing unit labor cost was just 4% of that of the U.S. in 2005. Now, as the mainland economy powers ahead - GDP growth jumped by 11.9% in the second quarter - real wages of urban workers have been soaring at double-digit rates, rising 18% in the first half of this year alone, according to the government. Add in higher raw-materials prices, and manufacturers...

Author: /time Magazine | Title: Bloated Dragon | 10/11/2007 | See Source »

...skin to scold a woman who recently jumped a long queue at Ho's neighborhood bakery. Ho says her swift adaptation to Chinese culture, along with the very American networking skills she used to cultivate mentors and allies back at headquarters, helped her survive when GE abruptly shut her unit last year. Instead of hauling her home, the company immediately placed her atop another division in China, selling security equipment like airport baggage-screening machines. "You can get orphaned out here," she says. Instead, she raised revenue fivefold at her new unit...

Author: /time Magazine | Title: The New Expatriates | 10/11/2007 | See Source »

...Mbeki's troubles escalated into what the Congress of South African Trade Unions (COSATU), a key ANC ally that has officially endorsed Zuma, calls a "major constitutional crisis." On Sept. 23, Mbeki suspended the head of the National Prosecuting Authority (NPA), Vusi Pikoli, who also oversees an elite investigative unit known as "the Scorpions." This time, Mbeki was happy to cite an "irretrievable breakdown" of relations between Pikoli and his boss, the justice minister. The real reason for the firing, say Mbeki's opponents, was Pikoli's delay in reinstating the corruption charges against Zuma - and his issue, on Sept...

Author: /time Magazine | Title: South Africa's Succession Fight | 10/10/2007 | See Source »

...We’ve thought about possibly putting some starters back there,” Murphy said of the special teams unit. “We put a ton of emphasis on it. We have to execute better, because clearly, we’re struggling a little...

Author: By Malcom A. Glenn, CRIMSON STAFF WRITER | Title: Harvard Looks For Big Win Over Big Red | 10/4/2007 | See Source »

...This evidence was heard by lawyers from U.S. Attorney Canary's office, representatives of Alabama's Republican attorney general and an attorney from the Justice Department's public-integrity unit in Washington. But in an unusual exercise of prosecutorial discretion, nearly all the payments and donations went uninvestigated. And when Siegelman's defense team, which had obtained Young's statements amid tens of thousands of documents provided in discovery, raised his accusations briefly in court, a judge quickly ruled them irrelevant...

Author: /time Magazine | Title: Selective Justice in Alabama? | 10/4/2007 | See Source »

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