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...Little Big China Those caveats are important. But China's technocrats are well aware of the risks they are running. "They came into this [crisis period] with eyes wide open," says Barber, recognizing that loans being granted in a relatively weak economic climate could start to go bad in droves. The country's once shaky financial sector was cleaned up several years ago - in 2007, nonperforming loans amounted to just 3% of total bank assets - and vehicles set up to deal with China's last banking crisis still exist. In other words, Beijing thinks its financial system is strong enough...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

Orly Taitz is an attorney. She's also a real estate agent. And a dentist. But when Taitz isn't in court, showing homes or drilling teeth, she's become the wide-eyed queen of the so-called birther movement - that subset of individuals who still, despite all evidence, don't believe Obama was born a citizen of the United States. She's leading the calls for Hawaii to release Obama's "true" birth certificate (though Hawaii has already released Obama's Certification of Live Birth) and has even produced what she purports to be Obama's true Kenyan birth...

Author: /time Magazine | Title: Orly Taitz | 8/10/2009 | See Source »

...ruckus outside the former president’s new Dallas home. As Bush’s house sits at the end of a cul-de-sac, Sheehan couldn’t get closer than the top of the street, and the neighborhood’s expansive green lawns and wide driveways absorbed her group’s attempts at charismatic exhortation...

Author: By James K. Mcauley | Title: Requiem for a Neighborhood | 8/9/2009 | See Source »

Located on the Grand Trunk Road, the subcontinent's lifeline dating back to the 16th century, the store is a good half-hour's drive out of the city but has been attracting a steady, if small, stream of customers and wide-eyed spectators since its launch on May 30. At 50,000 sq. ft. (about 4,600 sq m), it is almost tiny by U.S. standards, and there are fewer than 50 vehicles in the parking lot outside - mostly passenger cars, with a handful of small commercial vehicles, SUVs and some motorbikes. A blue-turbaned, elderly Sikh with...

Author: /time Magazine | Title: A Visit to India's First Walmart (a.k.a. Best Price) | 8/9/2009 | See Source »

...other nation on earth assimilates immigrants as successfully as the United States. There are those who argue that we can no longer afford to open our doors so wide, but in fact precisely the opposite is true. Beyond giving sentimental, self-flattering lip service to our history as "a nation of immigrants," the sooner we can agree on a coherent and correctly self-serving national immigration policy - that is, to encourage and enable as many as possible of the world's smartest and most ambitious and open-minded people to become Americans - the better our chances of forestalling national decline...

Author: /time Magazine | Title: Immigration: Let's Get Over It Already | 8/6/2009 | See Source »

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