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...decades, many Asian countries - from Japan and South Korea to Thailand and the Philippines - were used to counting on an American big brother for everything from economic sustenance to military security. Now there's a new top dog in town: China. Last year, Japanese Foreign Minister Katsuya Okada proclaimed that this "will be the age of Asia and in that context it is important for Japan to have its own stance, to play its own role in the region" - a role separate from that of the U.S. It's no coincidence that such a sentiment was expressed precisely as China...

Author: /time Magazine | Title: Why Obama is Disappointing Asia — Even in Indonesia | 3/29/2010 | See Source »

...Expecting little from the main parties that failed to arrest Dagenham's decay, some locals are turning to the British National Party (BNP), a hard-right party that proposes to repatriate residents of foreign descent and stop all immigration. Charisse, a young, unemployed mother who declined to give her last name, says people will vote for the BNP "not because they like them but because we're so pissed off." Her own grouse: she has three children, and thus her one-bedroom public-housing apartment is too small. Her companion, who has turned his back, growling that he doesn...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

Barking and Dagenham - the two neighborhoods elect separate members of Parliament but make up a single London borough council - have witnessed rapid demographic change since the last national census, in 2001. At the time, 80% of locals identified themselves as "white - British." There's been a big influx of nonwhite families since then, with many blacks and Asians - British-born as well as new immigrants - looking for cheap housing. "There's a sense of competition for finite resources," says Jon Cruddas, Dagenham's MP and a Labour Party member. "These are generic forces, but they collide in an intense form...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...wave of optimism, even idealism. "A new dawn has broken, has it not?" said the fresh-faced Prime Minister Tony Blair, greeting the sunrise of his victory. Now 73% of Britons distrust politicians, according to a recent report by the Hansard Society. For many, the last straw was the revelation last year that MPs from all parties had taken advantage of a loose expenses regimen to subsidize their pay, some of them charging taxpayers for such essentials as moat cleaning, duck houses and sparkly toilet seats. Charisse can't even be bothered to cast a protest ballot...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

...Come to This? The last time Britain felt this bad about itself was in 1976, when soaring inflation and unemployment forced the Labour government to seek a humiliating bailout from the International Monetary Fund. Margaret Thatcher's Conservatives took power in 1979 and went on to abolish exchange controls, cut taxes and engineer the 1986 deregulation of financial markets, known as Big Bang, restoring London's position as one of the world's most important financial centers. Blair's New Labour did nothing to restrict the unfettered growth of the City, as London's financial district is called...

Author: /time Magazine | Title: Deep Funk: Why Britain is Feeling Bleak | 3/29/2010 | See Source »

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