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These were expensive lessons, but Beijing has decided that Going Out is still a better economic strategy than staying home. Despite China's slowing economy, officials see the global recession as a prime opportunity to cheaply acquire strategically important raw materials such as iron ore, copper, oil and gas--commodities China will need in vast quantities in the long run. In the past two months, Chinese companies have sought to buy assets abroad at an unprecedented pace. Aluminum Corp. of China (Chinalco) has announced plans to invest $19.5 billion in Rio Tinto, one of the world's largest mining companies...

Author: /time Magazine | Title: Buying Binge | 4/9/2009 | See Source »

...various deals give you anything from $75 to $150 in gas vouchers (participating B&Bs include High Haven House Inn in Vineyard Haven, Mass., and Black Bear Inn in Bolton Valley, Vt.); and 10% discounts for driving a hybrid car (at the Craftsman in Pacific City, Ore.); to free picnics for guests who ride bikes instead of driving (at the William Seward Inn in Westfield...

Author: /time Magazine | Title: Hotel Freebies: Yoga Classes and Spa Treatments | 4/5/2009 | See Source »

...Bronze Star for helping buddies pinned down in a firefight. "I asked him what he did to get it, and he just looked right at me and said, 'Doing my job, Dad, just doing my job,' and that's all he ever said," says his father Robert of Springfield, Ore. "He wouldn't talk to me about Iraq...

Author: /time Magazine | Title: Why Are Army Recruiters Killing Themselves? | 4/2/2009 | See Source »

...believe. But the economic crisis has put a serious crimp in the cash flows of illicit businesses run by North Korean military officers either directly or through cutouts. Trade with China has plummeted, in part because of the sharp drop in prices for commodities such as zinc and iron ore, which the North exports. That has "seriously cut the incomes of any number of military officials who benefit from that trade," an East Asia intelligence source says...

Author: /time Magazine | Title: What's in Store for North Korea After Kim | 4/2/2009 | See Source »

...time, I was told it wouldn't affect my health or fertility," says Drake, 32, of Lebanon, Ore., referring to her egg donation...

Author: /time Magazine | Title: As Egg Donations Mount, So Do Health Concerns | 3/31/2009 | See Source »

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