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...that domestic consumption contributes more to expansion. This transition would help not only China - it would also help to stabilize the global economy by easing China's massive trade and current-account surpluses. With American consumer spending on the wane, China needs to rely less on U.S. markets to absorb its manufactured goods. The country's growing armies of middle-class consumers are being called upon to fill the vacuum to ensure the country can remain on its blistering growth trajectory...

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

...nearly a kilometer. In fact, sheer altitude dominates almost every facet of this 492-m property. Dinners in the world's tallest restaurant, and drinks in the world's highest pub, are filled with breathless gawking at the cityscape below. A pair of huge 150-ton dampers - weights that absorb the motion of a swaying building - eliminate sloshing in the world's loftiest pool. The world's fastest elevators must ascend at the rate of 10 meters a second in order to make journey times tolerable. Such is life at the world's tallest hotel - or the tallest...

Author: /time Magazine | Title: The Shanghai High Life | 11/18/2009 | See Source »

...believe when the prey involved is a faceless business - or better yet, an international retail chain. In reality, however, shoplifting comes back to bite all consumers in the billfold in the same way that higher plane tickets do when airlines face increasing gas prices. Anytime businesses have to absorb a cost, they pass it along to their clients in some form or another. Retailers make up the money lost to shoplifting by marking up the prices of their goods. According to the Center for Retail Research, this ended up costing each U.S. household $436 in the past year and each...

Author: /time Magazine | Title: Recession Sparks Global Shoplifting Spree | 11/11/2009 | See Source »

...drawing laughter from the audience. Answering audience questions during the event about why the public continues to tolerate pundits, Parker said that people simply tend to look for affirmations of their beliefs in any speaker, making a nuanced critical response difficult. “People are awfully quick to absorb what they already think,” she said...

Author: By Jackson F. Cashion, CONTRIBUTING WRITER | Title: Columnist Bemoans Punditry | 11/4/2009 | See Source »

...maintain a treasury, ordinarily through class dues, events, or the sale of Class memorabilia.  A solid class treasury can help to subsidize a portion of many class activities or even provide a free class party at regular intervals.  Additionally, the treasury must be able to absorb the cost of regular newsletters and notices, a particular challenge as the costs of both printing and postage continue to skyrocket.  Some classes start by asking for Class dues of $15.00 per year and increase them later as the ability to pay increases...

Author: By Aditi Balakrishna | Title: Senior Class Secretary and Treasurer Announced | 11/3/2009 | See Source »

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