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...Europe declined to 30% of the regional total in 2008, down from nearly 40% in 1998. Over the same period, intraregional exports as a share of total exports in emerging Asia rose to 54% from 46%. "Intra-Asian trade flows are the fastest growing in the world," says Lawrence Webb, global head of trade and supply chain at HSBC. This trend has accelerated since the financial crisis. HSBC predicts that trade among Asian countries will grow at an annual average rate of 12.2% until 2020. The region's trade with the U.S. is projected to grow 7.3% annually over...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

...zone would aid economic growth by cutting import duties and eliminating the murky morass of trade barriers that impedes commerce. A model to emulate would be the establishment of the E.U., which made it far easier for companies to import and export their goods within Europe, says HSBC's Webb. Establishing a common Asian currency similar to the euro would allow companies to ship goods or arrange credit with less exposure to currency risk. "A barrier to trade over the last year in Asia has been fluctuating currencies," Webb says. "For a small- to medium-sized business, it could mean...

Author: /time Magazine | Title: APEC's Bonding Experience | 11/16/2009 | See Source »

While the debate swirls about Hasan's motives, connections and communications, opting for a military trial avoids the legal mire of treason or terrorism charges. Military prosecutors will have a Dragnet view of the case - "just the facts" as Jack Webb, star of the television cop classic was fond of saying. Why he did it is not essential, Silliman says, although the defense may seek to cloud the picture with digressions into motivation. Prosecutors will focus on what the accused intended to do and how he allegedly did it: when he bought the gun, what he said to neighbors...

Author: /time Magazine | Title: How the Military Will Try Nidal Hasan | 11/13/2009 | See Source »

...take all the smarts that earned the Brooklyn-born son of an exterminator a 1600 on his college SATs and the political wiles that, as head of the Democratic Senatorial Campaign Committee, helped him recruit pro-life, pro-gun Democratic candidates such as Pennsylvania's Bob Casey and Jim Webb of Virginia. For the past month, Schumer has been directing a full-court press on the public option, cajoling Reid both in private and in public. "I believe Leader Reid is leaning strongly to putting a level-playing-field, state-opt-out public option in the bill," Schumer said...

Author: /time Magazine | Title: Can Chuck Schumer Push a Public Option Through? | 11/2/2009 | See Source »

...junta seems to be engaging all over the place. Last month its Prime Minister, General Thein Sein, became the highest-ranking Burmese official in 14 years to address the U.N. General Assembly. He told delegates that sanctions were "unjust." While in New York City, Thein Sein conferred with both Webb and U.S. Assistant Secretary of State Kurt Campbell. Back in Burma, Suu Kyi met a senior junta official and is thought to have discussed the lifting of sanctions...

Author: /time Magazine | Title: Getting to Know Burma's Ruling General | 10/19/2009 | See Source »

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