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...Plenty of stock analysts and fund managers disagree, arguing that prices are simply keeping pace with China's remarkable economic rise. The country's GDP grew 10.7% last year, the highest rate since 1995. But the bulls are increasingly being drowned out by those who see the kind of reckless speculation that often occurs in overheated markets. Beijing officials, worried there could be another Chinese market meltdown like one in 2001 that soured the public on stocks for years, are sounding the alarm. On Dec. 30, Cheng Siwei, a vice chairman of the National People's Congress, cautioned investors against...

Author: /time Magazine | Title: Taming China's Dragon Market | 2/1/2007 | See Source »

Plenty of stock analysts and fund managers disagree, arguing that prices are simply keeping pace with China's remarkable economic rise and that accounting reform and better supervision have made Chinese companies more attractive. The country's GDP grew 10.7% last year, the highest rate since 1995. But the alarm is being sounded by Beijing officials, who are worried there could be another Chinese market meltdown like the one in 2001 that soured the public on stocks for years. On Dec. 30, Cheng Siwei, a vice chairman of the National People's Congress, cautioned investors against "blind optimism...

Author: /time Magazine | Title: China: China Braces For A Bubble | 2/1/2007 | See Source »

...superior racehorses have their Secretariat moment, that brief stitch in time when they reveal the true measure of their talent, and for BARBARO that instant arose as the horses came charging to the turn for home in the 2006 Kentucky Derby. Lying dangerously close to a fiery pace, the colt rushed to the lead and--following one of the fastest final quarter miles in Derby history--won the Roses by nearly seven lengths, the longest Derby victory margin in 60 years. I had witnessed every Derby but one since 1972, and Barbaro struck me--for his sheer athleticism, his explosive...

Author: /time Magazine | Title: Milestones Feb. 12, 2007 | 2/1/2007 | See Source »

...tunnels of your mind, and you come out someplace." It takes him about four months to create a play from nothing but considerably longer to refine it. Sometimes he is simply trying to make the play funnier?or intentionally less funny. He prides himself on the ability to pace his jokes to the needs of the plot and theme...

Author: /time Magazine | Title: Neil Simon: Reliving A Poignant Past | 1/26/2007 | See Source »

...playground slowly took shape, the pace quickened. Sometimes bad weather or ebbing enthusiasm can delay the work, but the Ocean Breeze project was free of such annoyances. By midafternoon of the fifth day, Robert Becker, 26, was delivering a final batch of sand in a borrowed backhoe, while Gary Craycroft, who had last hung swings for his baby daughter Penny, now put them up with her help. Said Penny, 14: "It's been neat. I'll never forget working at night with the lights on." But Leathers is out to impress the adults as much as their children. "They start...

Author: /time Magazine | Title: Design: Johnny Appleseed of the Swing Set | 1/26/2007 | See Source »

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