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...many economists believe that policymakers will not aggressively rein in monetary policy and stimulus measures, out of fear of squashing Asia's fragile recovery while the global economy remains weak. "There is close to a zero possibility that the Chinese government will do anything this year that constitutes tightening," says Andy Rothman, a Shanghai-based economist for the brokerage CLSA. "The recovery is only in its early stages." And without a major shift in thinking, the easy-money conditions will stay in place - so even if there's no bubble now, there's a good chance one may be forming...

Author: /time Magazine | Title: Asia's Easy-Money Policies: Fueling New Bubbles? | 7/23/2009 | See Source »

Initial voyages into space introduced questions scientists had never before considered. Could an astronaut swallow food in zero gravity? Would he choke? Would crumbs float into the shuttle's instruments and break something? To keep things simple, astronauts on the Project Mercury and Gemini missions ate pureed foods squeezed out of tubes. "It was like serving them baby food in a toothpaste container," explains Vickie Kloeris, NASA's Space Food Systems Laboratory manager. John Glenn was the first person to eat in space; in 1962 he ingested applesauce and reported relatively easy digestion...

Author: /time Magazine | Title: What Do Astronauts Eat in Space? | 7/20/2009 | See Source »

...companies struggle to keep afloat in an age of abundance, Anderson posits a provocative solution: give your wares away gratis. An idea "as powerful as it is misunderstood," Free has become a multibillion-dollar business model tailor-made for the Internet economy. As digital-infrastructure costs approach zero, Anderson argues that Free often pays off, whether it involves giving away cell phones to hawk monthly plans or embracing piracy to spark demand for merchandise. He also explains how charging even a penny can scramble consumer psychology and sketches a blueprint for competing with juggernauts, like Google, that have harnessed...

Author: /time Magazine | Title: The Skimmer | 7/20/2009 | See Source »

...current rates, the electric-fuel usage for e-cars is estimated to be 50% cheaper than gasoline, or about 4 cents a mile. This comes with the added benefit of low maintenance costs for EVs and, of course, zero emissions. In the U.S., 40% of greenhouse-gas emissions come from transportation. And never underestimate the force of status. Along with a $7,500 federal tax credit, being the first on the block with a road-worthy EV is expected to be the market's primary driver in the years ahead...

Author: /time Magazine | Title: Utilities Scramble to Meet Power Needs of Electric Cars | 7/16/2009 | See Source »

...espionage," the Iranian government's name for the former U.S. embassy in the Islamic republic's capital. Even without the newly reinforced restrictions and spasms of street violence, this would be a strange place for anyone with U.S. citizenship to visit. For this is ground zero in the tragic history of U.S.-Iran relations: the staging ground of the 1953 CIA plot that overthrew the democratically elected government of Iran, the locus for the prolonged showdown in 1979 when 53 American diplomats were taken hostage for 444 days, and now the theocratic regime's bully pulpit for spewing its anti...

Author: /time Magazine | Title: The Great Satan's Old Den: Visiting Tehran's U.S. Embassy | 7/14/2009 | See Source »

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