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...unemployment rises to the highest level in more than a quarter-century, retailers are readying for one of the country's biggest shopping days of the year - Black Friday, the day after Thanksgiving, which marks the official start of the Christmas shopping season - which will likely foretell the success or failure of 2009's holiday sales season...
...Ambitious One day this summer, Sean Maloney, an executive vice president at Intel, was bouncing from one appointment to another in northeastern China, speeding along in a van traversing newly built highways. He gazed out at one of the world's biggest construction projects: a network of high-speed train lines - covering 10,000 miles (16,000 km) nationwide - that China is building. As far as the eye could see, there sat vast concrete support struts, one after another, exactly 246 ft. (75 m) apart. Each was full of steel cables and weighed about 800 tons. "We used to build...
Part of the reason is family involvement. Consider Liu, the 7-year-old who had to leave the birthday party to go to Saturday school. Both his parents work, so when he goes home each day, his grandparents are there to greet him and put him through his after-school paces. His mother says simply, "This is normal. All his classmates work like this after school...
...moment, American households actually are doing so. After the personal-savings rate dipped to zero in 2005, the shock of the economic crisis last year prompted people to snap shut their wallets. Now that it's pouring, in other words, American households have decided to save for a rainy day. The savings rate is currently about 4% and has gone as high as 6% this year. (See TIME's photo-essay "A New Look at Old Shanghai...
...central China. His parents were wheat farmers and lived in a tiny one-room house next to the fields. He had graduated from Tsinghua University - China's MIT - and gotten a job as a software engineer at Huawei, the Cisco of China. His success, Zhang told me one day, had changed his family forever. None of his descendants would "ever work in the wheat fields again. Not my children. Not their children. That life is over." (And neither would his parents. They moved to prosperous Shenzhen, just north of Hong Kong, soon after he started...