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...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 are facing increases in production costs they may no longer be able to absorb. The costs will be passed along...

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

...poker, this is known as going all in. First, the movie is an adaptation of a novel by Dennis Lehane, who also wrote Mystic River, which Clint Eastwood put on film to much critical acclaim. Comparisons are inevitable. Second, the movie features imperiled children, spectacularly vulgar language and the urban poor of Boston, none of which scream must-see. Third, he cast his younger brother Casey as the lead, a private detective hired to find the missing child. Unless the kid nails the role, it looks like nepotism. Lastly, if the film does poorly, the title alone will be like...

Author: /time Magazine | Title: That Director Looks Familiar | 10/10/2007 | See Source »

...commuted across the border to his all-boys private Catholic high school in San Diego, which he attended for free on financial aid. Poring over guides to college admissions, Morales was able to compile a list of schools that seemed within his reach and that matched his interests: an urban campus with a top engineering program. To his great surprise, Harvard appeared on his list, and Morales decided to apply.“I was like holy crap, Harvard can be on my college list,” says Morales, who was eventually accepted to Harvard, MIT, Columbia, University...

Author: By Jamison A. Hill, CRIMSON STAFF WRITER | Title: Why Can't Harvard Be Free? | 10/10/2007 | See Source »

...leaders in public life. Harvard’s inductees included Associate Dean of Harvard Medical School (HMS) Nancy C. Andrews, Professor of History David G. Blackbourn, Social Sciences Dean David M. Cutler ’87, Bernbaum Professor of English Literature Leo Damrosch, Professor in Practice of Architecture and Urban Design Rem Koolhaas, Cabot Director of the University Art Museums Thomas W. Lentz, Beren Professor of Economics N. Gregory Mankiw, Professor of Geophysics J. O’Connell, Professor of Psychology James H. Sidanius, and HMS Professor of Cell Biology Junying Yuan. The academy also honored 24 foreign citizens...

Author: By Elise Liu, CONTRIBUTING WRITER | Title: Academy Admits Harvard Faculty | 10/9/2007 | See Source »

...loudest cracks yet to ring out from Sarkozy's bipartisan plank of "ouverture" came Tuesday morning, when Secretary of State for Urban Affairs Fadela Amara lashed out at controversial immigration legislation awaiting final passage in parliament. If everything goes exactly to schedule, the law is expected to be passed on October 23. Amara used the undiplomatic term "degueulasse" - combining elements of "sickening" and "disgusting" - to describe an article of the law introducing DNA testing of certain new foreign residents to France and the storage of that data. Amara similarly denounced the law for allowing race to be noted in census...

Author: /time Magazine | Title: Cracks Deepening for Sarkozy | 10/9/2007 | See Source »

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