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...converting part of a car-engine plant to produce "green" electrical generators. And if you buy into the great Asian growth story, then there is a chance that spending by wealthier consumers in countries like China and India can offset at least some of the decreased demand in the West. HSBC economist Frederic Neumann said in a September report that some Asian manufacturers have gained back the power to raise prices, implying that the impact of excess capacity in the region might not be as severe as some fear. "What was so scary about the recession were the unprecedented output...

Author: /time Magazine | Title: A Threat to Global Recovery: Too Many Factories | 10/6/2009 | See Source »

Wilhite wore an Angels jersey with black patches carrying Adenhart's number, 34, and Pearson's and Stewart's initials when he threw out the ceremonial first pitch at the August Angels-Athletics game. When the Angels clinched the American League West Championship on Monday, Adenhart was on the players' minds. "There isn't a guy in this locker room who isn't playing for his memory," relief pitcher Jason Bulger told the Los Angeles Times. A large photo of Adenhart is on the center-field wall at Angel Stadium in Anaheim. Wilhite, a lifelong Los Angeles Dodgers fan, says...

Author: /time Magazine | Title: After the Adenhart Tragedy, an Angels Miracle | 10/6/2009 | See Source »

...Israelis who threatened to release tapes that purportedly show senior Palestinian Authority figures enthusiastically backing the Israeli operation in Gaza, in the hopes that it would "finish Hamas." (Israeli officials dispute that suggestion.) What is clear, however, is that the Goldstone report had been applauded by Palestinians in the West Bank and Gaza, where more than 1,300 people died during the three-week offensive that also reduced most of the territory's infrastructure to rubble. And most found it unconscionable that their own government should be seen to be protecting Israel from any consequences of Goldstone's findings...

Author: /time Magazine | Title: Abbas' Move on War-Crimes Report: A Boost for Hamas | 10/6/2009 | See Source »

...These facts are not in dispute; much else is. Poorer nations such as China and India argue that a cap on emissions, and therefore energy use, will hurt economic growth and their ability to eradicate poverty. This is immoral, they say, especially because the West had a couple centuries of growth unhindered by emission caps. Western capitals point out that growth will be irrelevant if global warming continues. During the Bush Administration, Washington also argued that there was no point to the U.S. and other rich nations reducing their emissions unless China and India agreed to limits. Developing nations contribute...

Author: /time Magazine | Title: Forward Trading Between the U.S. and China | 10/5/2009 | See Source »

...insurgents. In February, John Solecki, the head of the U.N. refugee agency's office in Baluchistan, was kidnapped by Baluch separatist fighters and held for two months before being released. In June, the U.N. was forced to pull its staff out of Peshawar, the capital of the lawless North-West Frontier Province, after a vehicle laden with explosives slammed into the side of a hotel in the city, killing 17 people. Just hours after Monday's attack, the U.N. said all of its offices in Islamabad would be closed indefinitely. That could severely hamper relief efforts just when refugees need...

Author: /time Magazine | Title: Suicide Attack on U.N. Office in Pakistan Kills Five | 10/5/2009 | See Source »

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