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...development has translated into prosperity for Xi'an residents. The per capita GDP of the city has increased 150% between 2001 and 2008 to $3,800 (though it remains far behind rich coastal cities like Shanghai, where GDP per capita exceeds $10,500). Consumer spending is growing quickly as well. In the first nine months of 2009, retail sales in Xi'an jumped 19% compared to those in the same period a year earlier, well above the 14.8% posted in China's cities nationally. BofA Merrill Lynch estimates that retail sales in the western provinces rose 19.2% in the first...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

...crisis, but that hasn't stopped him from spending. So confident is he about the future, he recently went out shopping for a new refrigerator. "Judging from my job, my life, I think everything will become better and better," Lu says. And maybe for the entire world economy as well...

Author: /time Magazine | Title: Can China's Backwaters Save the Global Economy? | 11/30/2009 | See Source »

Prechter, a soft-spoken, thoughtful, engaging 60-year-old, believes that the bull market of the past eight months that pushed the Dow past 10,000 will inevitably give way to a crash that will drag prices well below the level of early March. He believes this because theories of market behavior put to paper by a guy who died in 1948 tell him so. Yet he makes it all sound perfectly plausible...

Author: /time Magazine | Title: Riding the Waves of Irrational Behavior | 11/30/2009 | See Source »

...fact that the movie was originally slated for release last autumn and bounced around this fall's schedule before landing in Thanksgiving week suggests that the questions stumped the marketing professionals as well. But if Hillcoat--best known for his Australian outlaw tale The Proposition--and screenwriter Joe Penhall felt any pressure to temper the novel's agonies, they shrugged it off. Their Road is respectful of McCarthy's glumness, and they have made no effort to soften the despair...

Author: /time Magazine | Title: The Road on Film: Beautiful, Bleak | 11/30/2009 | See Source »

Hillcoat does make one important addition to the story: flashbacks to what life was like when the Woman (Charlize Theron) was still alive. They weren't good times--the world was well on the way to environmental ruin--but at least the Man still had a partner. Theron's presence may be a nod to producers who wanted a female star in the picture, but it's not entirely successful in terms of adhering to McCarthy's intent. Theron is graceful as always, but meeting the Woman only makes her absence more troubling and alters our relationship with...

Author: /time Magazine | Title: The Road on Film: Beautiful, Bleak | 11/30/2009 | See Source »

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