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...Numbers alone do not capture the sense that the balance of global economic power is shifting eastward. There have been several moments that seemed to crystallize the zeitgeist, none more memorable than U.S. Treasury Secretary Timothy Geithner's speech in June before the best and the brightest at Peking University, the Harvard of China. Not long ago, students there would have been the most respectful and polite of audiences. Yet when Geithner tried to reassure one questioner that China's investments in U.S. government debt were "very safe," the response was perhaps an indication of the onset...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...sure, even if darker scenarios never unfold and China's economy continues to power ahead, it will probably not, on its own, be enough to drag the rest of the world into a recovery. Size matters. The U.S. has a $14 trillion economy; China's is $4.4 trillion. The U.S. accounted for nearly 21% of total global GDP last year; China just 6.4%. Chinese consumption, in other words, is growing - but is still insufficient to lift the world's advanced economies out of recession. Consumer spending drives less than 40% of China's GDP; in the U.S. before the bust...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...live. Rats, among other species, have a far greater capacity to cope with excess calories than we do because they have more of a dark-colored tissue called brown fat. Brown fat helps produce a protein that switches off little cellular units called mitochondria, which are the cells' power plants: they help turn nutrients into energy. When they're switched off, animals don't get an energy boost. Instead, the animals literally get warmer. And as their temperature rises, calories burn effortlessly. (See TIME's health and medicine covers...

Author: /time Magazine | Title: Why Exercise Won't Make You Thin | 8/9/2009 | See Source »

...Preston Hollow’s enormous estates; the entire city knows it, and to perpetuate the residents’ collective identity as anything else but what they are—a smattering of Texas’s political and social elite—is to succumb to their power...

Author: By James K. Mcauley | Title: Requiem for a Neighborhood | 8/9/2009 | See Source »

...community. Indeed, the British embassy was stunned that Rassam had been put on trial: he had been released from the notorious Evin prison on July 19 on $100,000 bail. But the regime's judicial maneuvers aren't being staged for an overseas audience, even as it blames foreign powers for trying to topple the government; rather, Saturday's trial was part of an aggressive strategy to unite its power base, the coalition of conservative clerics in Qum and the Tehran-based commanders of the country's sprawling security apparatus. The masterminds behind the trial - believed to be either Supreme...

Author: /time Magazine | Title: Tehran's Trials: Blaming the West, Google and Twitter | 8/8/2009 | See Source »

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