COVER

WORLD ECONOMIC FORUM

Seeing Light Through the Gloom (Global Economy)

As political and business leaders gather for the World Economic Forum in Davos, they will be breathing a sigh of relief. But be in no doubt; the world has changed

Big City Shakeout (Nylonkong)

In 2008, TIME explored the ways in which "Nylonkong" — the three linked cities of New York, London and Hong Kong — defined globalization. How has Nylonkong fared in the Great Recession?

ESSAY

The China Fix

Why the Google controversy is a tipping point for foreign businesses in China

ARTS & ENTERTAINMENT

GLOBAL ADVISER

Run to the Moganshan Hills (Diversions)

A couple of hours from Shanghai, Moganshan is a once glamorous hill-station retreat that is just beginning to reawaken

LETTERS