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...address to the NPC, Premier Wen said that 2010 was going to be a year of unprecedented economic complexity. He certainly got that right. A real estate downturn, perhaps a severe one, will hit China sooner or later. The problem is that if it arrives sooner, the world's fastest-growing economy doesn't have a whole lot to fall back on. Its export markets are still weak and its capacity to increase infrastructure spending again, after the massive increases of the past two years, is limited. With the rest of the world still trying to regain its economic footing...

Author: /time Magazine | Title: China's Property: Bubble, Bubble, Toil and Trouble | 3/22/2010 | See Source »

...other hand, because one of the fastest-growing demographics was teenagers, teen girls were discovered as a market for all kinds of things: clothing, makeup, thongs, etc. So you had these twin forces - one progressive, one not so progressive - interacting powerfully...

Author: /time Magazine | Title: The New Sexism | 3/16/2010 | See Source »

...would help if it also retooled itself for an age of scarcity. No one wants to watch a race for the fastest Prius, but "people want to see some progress on fuel efficiency and carbon emissions," says McLaren's Whitmarsh, who also heads the recently formed Formula One Teams Association (FOTA), which represents what insiders hope will be a new spirit of harmony in a sport traditionally run by tough guys behaving badly. "There's much work to be done so that F1 is seen as relevant to society." (See a brief history of Formula...

Author: /time Magazine | Title: The Turbulent Times of Formula One | 3/15/2010 | See Source »

Mail was later distributed via locomotive and eventually airplane. But not even the fastest delivery speeds--at one time, mail was dropped off up to four times a day--could stop what would spell catastrophe for the USPS: e-mail, which is faster, easier and free. That, coupled with the fact that 4 out of 5 households with Internet access now pay bills online, has left mail carriers out in the cold. In 2009 alone, post offices saw a 13% drop in mail volume. Forget rain or gloom of night--it's the act of clicking Send billions of times...

Author: /time Magazine | Title: Brief History | 3/15/2010 | See Source »

...dealing with Indonesia. "Anyone that thinks the most important relationship between Indonesia and Australia is people smuggling has vastly overestimated how important people smuggling is, and vastly underestimated how important Indonesia is," says White. Instead, White believes that Australia should demonstrate more engagement with Indonesia's economy, the third fastest growing in Asia, as well as their strategic position in the South East Asian region. "Rudd doesn't seem interested in how far the country has come in the last ten years and how far it will continue to grow. We see it as a big country, but a weak...

Author: /time Magazine | Title: Australia and Indonesia Find It Hard to Make Up | 3/13/2010 | See Source »

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