COVER

London's Gathering Storm (Europe / The Economy)

Fueled by a boom in high finance, the city became an irresistible magnet for money and talent. Now, the economic crisis hits, a darker era looms

BUSINESS

Into the Dark

A renowned investor who saw the meltdown coming is torn between fear and growing bullishness

COMMENTARY

Race to Judgment

If Barack Obama were running for office in Asia, he might not be where he is now

UNITED STATES

The Limits of Race (Campaign '08 / Race)

It once seemed potent enough to cost Obama the election. But as the economy falters, race is receding. A battleground report

ARTS & ENTERTAINMENT

Capital Letters (Books)

Xiaolu Guo's new novel delves into the burning dream of millions of farm girls: making it in Beijing

GLOBAL ADVISER

Free Port (On Show)

Maritime Yokohama stages its most adventurous Triennale ever

Baby Love (Check In)

Shangri-La's Rasa Ria Resort in Malaysia does more than take good care of its customers — it rehabilitates baby orangutans on its grounds for release back into the wild

One Night in Auckland (TIME Traveler)

Going out in the City of Sails? Here's inside advice on doing it right

Grass Roots (Diversions)

Facing sinicization, Inner Mongolians are becoming more aware of their past

ESSAY

Dhaka's Ghosts

Bangladesh still needs to reckon with the countless massacred during its bloody birth as a nation

LETTERS