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...Beijing's leaders may also see China's own currency, the yuan (also known as the renminbi), as a possible alternative to the dollar. There are indications that China intends to make the yuan a greater factor in international trade and investment, a development that, if successful, would have major implications for the global financial system. HSBC economist Qu Hongbin believes that the yuan could become one of the top three currencies in the world by 2012, with some $2 trillion in trade transacted in the Chinese currency each year. "The internationalization of the renminbi has become a leading item...

Author: /time Magazine | Title: China's Plans for Replacing the Dollar | 7/21/2009 | See Source »

...time when almost every carmaker in the world is looking at making environmentally friendly vehicles, a little-known Indian company is jumping the queue by ramping up production of a low-cost electric car called the Reva...

Author: /time Magazine | Title: Made in India: The $12,000 Electric Car | 7/21/2009 | See Source »

...DeGeorges didn't realize it, but they had just invented a new kind of music. It's now known as wizard rock, or sometimes just "wrock." Wizard rock is pretty much what it sounds like: rock 'n' roll inspired by and set in the universe of Harry Potter. Seven years after that fateful barbecue, there are dozens of wizard-rock bands: the Remus Lupins, Tonks and the Aurors, the Whomping Willows, the Moaning Myrtles, DJ Luna Lovegood, Oliver Boyd and the Remembralls. Evil characters can rock too: Draco and the Malfoys and the Parselmouths are mainstays of the scene. Wizard...

Author: /time Magazine | Title: The Boy Who Rocked | 7/20/2009 | See Source »

Even before Robert S. McNamara left the Pentagon in early 1968, this man of absolute certainties about almost everything had begun to have nagging doubts about the Vietnam War, about what was widely known as "McNamara...

Author: /time Magazine | Title: Robert McNamara | 7/20/2009 | See Source »

...Melanie Blocker-Stokes Postpartum Depression Research and Care Act, familiarly known as the Mothers Act, has passed the House and is headed for the Senate. If it becomes law, it will mandate the funding of research, education and public-service announcements about postpartum depression (PPD) along with services for women who have...

Author: /time Magazine | Title: Postpartum Depression: Do All Moms Need Screening? | 7/20/2009 | See Source »

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