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THE ISSUE World Affairs

24.china: one quake many shocks by mary hennock and melinda lin28. Burma: Self-help and the seeds of change 29. The next burma by stephan Hag-gard and Marcus Noland 31.Terror:A new South asian haven? by feremy kahn 34.Britain A tory revival by William undermill Business40. The reform king’s secret weapon by Zvika krieger44. Why megacities work in China by Diana farrellSpecial report52. Luxury looks recession proof, so far by Stefan Theil 60. the high life customized by Sameer Reddy68. Exclusive label, high art or both? by Alexander A. Seno88. Service rises To sky-high demand by Tara WeingartenSociety & The Arts94. The modern ways in Indian love by Fason Overdorf____________________________

DEPARTMENTS 4. Periscope

5. Perspectives

23. World View

103. The good life 106. The Last Word

TOP OF THE WEEK

Too Rich to Feel the Churchthe Changing ways of luxury market continue to surprise mainly (but not only)on the ex-travagant side side despite the credit crisis. Special Report Page 52.

Cover: Photography by colin Anderson getty images

COMMODITY CRISIS____________________________________________________

The Unexpected Winners in the oil and Food Crunch.

Breaking Up With the IMF With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the coun-try’s economic future. some of it’s warranted: turkey was an

THE DIGITAmerican workers in the environmental industry outnumber those in the pharmac-uetical industry 10th to 1 according to the international labour Organization

turning Rice into gold: Cambodia’s untapped oils fields and farms offer huge potetials for higher output

With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the coun-try’s economic future. some of it’s warranted: turkey was an IMF poster child

Breaking Up With the IMF With the end of the interna-tional monetary Fund’s $10 billion deal in turkey, there been much ado about the coun-try’s economic future. some of it’s warranted: turkey was an IMF poster child tackling in-flation and reducing debt from 76 to 39 percent of GDP since 2001 but the country’s political situation recently destablized and its current accoudnt and trade deficts are rising While the turkey could still use the IMF approval to reasure in-ventors a more interesting que-tion may be how much the IMF needs turkey its remaining debt to the fund (about $ 7billion )dwarfs that of the next lagest borrower liberia ($500 million) But $7 billion is not what is used to be in the developing world. which underscores the IMF’s Struggle now that is the target market has plenty of access to capital.Turkey was the last very large program for the IMF notes Desmond Lachman an american

Breaking Up With the IMF With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s eco-nomic future. some of it’s warranted: turkey was an IMF poster child tack-

Breaking Up With the IMF With the end of the international monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s eco-nomic future. some of it’s warranted: turkey was an IMF poster child tack-

Breaking Up With the IMF With the end of the internation-al monetary Fund’s $10 billion deal in turkey, there been much ado about the country’s econom-ic future. some of it’s warranted: turkey was an IMF poster child tackling inflation and reducing debt from 76 to 39 percent of GDP since 2001 but the coun-try’s political situation recently destablized and its current ac-coudnt and trade deficts are rising While the turkey could still use the IMF approval to reasure in-ventors a more interesting que-tion may be how much the IMF needs turkey its remaining debt to the fund (about $ 7billion )dwarfs that of the next lagest borrower liberia ($500 million) But $7 billion is not what is used to be in the developing world. which underscores the IMF’s Struggle now that is the target

Breaking Up With the IMF With the end of the international mon-etary Fund’s $10 billion deal in turkey, there been much ado about the coun-try’s economic future. some of it’s war-ranted: turkey was an IMF poster child tackling inflation and reducing debt from 76 to 39 percent of GDP since 2001 but the country’s political situa-tion recently destablized and its current accoudnt and trade deficts are rising While the turkey could still use the IMF

approval to reasure inventors a more interesting quetion may be how much the IMF needs turkey its remaining debt to the fund (about $ 7billion )dwarfs that of the next lagest borrower liberia ($500 million) But $7 billion is not what is used to be in the developing world. which underscores the IMF’s Struggle now that is the target market has plenty of access to capital.Turkey was the last very large program for the IMF notes Desmond Lachman an american

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NEWSWEEKCOLLAPSE Survivors in Beichuan Sichuan province where almost every buliding was dam-aged by the quake

Beijing (CNN) -- The death toll may climb after a series of earthquakes in southwestern China killed at least 80 people and in-jured 731, a state-run news agency reported Saturday.

More than 6,600 homes were destroyed and about 430,000 damaged in Fri-day's quakes, Xinhua said.

7.6-magnitude quake rattles Costa Rican coast

Premier Wen Jiabao in-spected stricken areas early Saturday and vis-ited the injured, the news agency reported. Wen will direct rescue operations.

President Hu Jintao called for immediate relief ef-forts, according to Chi-na Central Television.

Xinhua reported that 100,000 people have been evacuated and an-other 100,000 are in need of relocation.

Deadly trem-ors strike China

Initial estimates put the "direct economic losses" from the trem-ors at more than half a billion dollars, the news agency said.

Xinhua described the mountainous area hit hard by the quakes as poverty-stricken. It said telecommu-nications and traffic infrastructure were seriously damaged.

Four earthquakes struck near the bor-der of the provinces of Yunnan and Gui-zhou between 11:19 a.m. and 1:12 p.m. local time, the U.S. Geological Survey said. Their magni-tudes ranged between 4.8 and 5.6, accord-ing to the U.S. agency.

Strong offshore quake kills 1 in the Philippines

The first quake took place near the bor-der between Yiliang County in Yunnan and Weining County in Guizhou, Xinhua said.

All four quakes struck at a depth of about 10 kilometers (six miles), the USGS said.

The southwestern

A spokesman for the local government's earthquake relief center said roads to the area had been severely damaged and police, fire fighters and volunteers were working to repair them. Xinhua said landslides and rock falls had also caused significant damage and were ham-pering rescue workers' efforts to reach affected villages.

The Chinese government is under height-ened pressure to respond quickly to poten-tial sources of social unrest ahead of its sensi-tive, once-a-decade leadership change, which is expected to begin in the coming weeks or months.

High casualties among children in the 2008 Si-chuan earthquake sowed widespread pub-lic discontent in China. The government since promised to improve building safety, particu-larly in China's earthquake-prone southwest.

The quake was widely discussed on China's popular online forums Friday, where many questioned how a moderate-strength earthquake appeared to have caused extensive damage to homes and infrastruc-ture. The earthquake measured at a relatively shallow depth of 14 kilometers (8.7 miles), authorities said.

"A sub-6 magnitude earthquake and schools again collapse," one person lamented on Sina Corp.'s popular Weibo microblogging service.

It wasn't clear how many schools had been dam-aged in the quake, but some online users said one school damaged wasn't in session at the time the earthquakes struck late Friday morning.

Yiliang county, which is administered by the near-by prefectural city of Zhaotong, has a population of 585,000 people, according to the local govern-ment, and has been designated by higher authorities as an area of particularly high poverty. The county's population is largely rural and harvesting rice, corn and other crops serves as a major source of income.

Xinhua reported power and telecommunications in severely hit areas had been widely disrupted.—Kersten Zhang

upward curve- Shanghai (left) a full quarter of the work force holds a college degree

Jewelry That's More Than Wearable ArtBy FELICIA CRADDOCKPublished: December 6, 2012EDINBURGH — A cascade of ice-like stones, Wendy Ramshaw’s “Necklace for Marie Taglioni” was inspired by the 1940 work of the New York artist Joseph Cor-nell, “Taglioni’s jewel casket.”

The Cornell piece in turn paid homage to the ballerina Marie Taglio-ni who, according to legend, kept a cube of ice in her jewelry box to re-mind her of a night in 1835 when she had danced in the moonlight for a Russian highwayman, on a panther skin spread across a snowbound road.

Like much produced by Ms. Ramshaw in a 50-year ca-reer, the resulting piece is more than jewelry; it is a work of art.

“There’s lots of hugely successful jewelers, but Wendy’s a step above,” said Christina Jansen, director of The Scottish Gallery, in Edinburgh, which has for the past 30 years been the launching pad for all of Ms. Ramshaw’s major shows.

“She’s in over 80 collections world-wide,” Ms. Jansen noted in a re-cent interview: “Her work has always been far more than just wearable art.”

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A picture that’s smooth and clear doesn’t always magically appear. That’s why many of our latest HDTVs are equipped with a digital noise filter. When you have a less-than-perfect picture in a poor reception area, this filter reduces the analog noise created during transmission-re-producing clear images, sharp details, and bringing images back to their original beauty.

Anyone can say they have the clearest picture. But only Full HD 1080p has twice the detail and twice the resolution of regu-lar HDTV. It delivers dazzlingly, rich color and vivid details. And even corrects the errors from standard definition content. It's definitely not your father's HD.

Vittoria realized if you wanted to convince people a sailboat might be as laxurious as a powerboat , you’d better build one big. He taught 58 meters would be enough but that proved far too small - because of the sailboat itself but because of all the “toys “ he wated to bring along quest a jet pro pelled tender four laser dingnis jets skie kayaks windsurfers and scuba gear. Given how big joes garage had to be.

Paying for A chance to suffer in silence PRUNES, DECAF PAINFUL ARTS AND ICE HOTELS DERPERVISION IS THE NEW TREND IN HIGH END HOLIDAYS

A Resort of one’s Own IN PURSUIT OF PRIVACY SOME TRAV-ELERS ARE RENTING OUT ENTIRE HO-TELS FOR THIER FRIENDS AND FAMILIES

Columbia Universi-ty School of Iternation-al and public affairs

Another Pillow for your Chocolate Sir?LUXURY COMPANIES SCRAMBLE TO ANTICIPATE THE SKYROCKETING EXPECTIONS OF THEIR CLIENTELE

REBEL BRIDES AND EX WIFESAs Indian gets more wealthy arranged marriage is giving way to more love weddings and divorces

Asia Raises the GravelWITH IS MECHANIC MARKETING THRIV-ING CHINA PASSES FRANCE TO BECOME THE THIRD BIGGEST AUCTION CENTER

SHINNING IN THE GLOOMTHE REST OF WORLD MAY BE FEELING AN ECONOMIC PINCH BUT FOR THE RICH-EST OF THE RICH THE LUXURY SPEND-ING SPREE GOES ON UNFETTERED