November 1, 2010 Vol. 162 No. 7 / Fortune Asia / 40 Under 40

42 WHY CAN'T WASHINGTON MAGICALLY FIX THE ECONOMY?
The nation has suffered a financial trauma, and it will take years to get healthy
again. Policymakers just won't admit it in public.
BY ALLAN SLOAN AND TORY NEWMYER

52 40 UNDER 40

40 UNDER 40 PORTFOLIO
The networkers, the merchant, the economist, the trader窶杯hese are stars who have
achieved a remarkable amount at a very early age.
PHOTOGRAPHS BY JEFF MINTON

61 THE LIST
Our annual list of the most influential young people in business. Get ready to
feel old.
PLUS: Wall Street's young guns.

70 CHINA CHARGES INTO ELECTRIC CARS
Faced with scarce oil supplies and polluted cities, Beijing has ordered its
booming auto industry to make a great leap forward in technology.
BY BRIAN DUMAINE

10 | LETTERS

78 | BING!

FIRST

13 | BY THE NUMBERS
The migrant economy.
BY JESSICA SHAMBORA

14 | CLOSER LOOK
Catching up with Jamie Dimon.
BY DUFF MCDONALD

16 | THE POWER OF WOMEN
Fortune's annual Most Powerful Women Summit, this year in Washington, D.C.

18 | THE BRIEFING
Mﾃｶtley Crﾃｼe, courtesy of BP; GM staffs up; and more.

20 | EDUCATION
Death to the SAT!!!
BY DAVID A. KAPLAN

23 | PURSUITS
Skiing goes digital.
BY SCOTT CENDROWSKI

TECH

25 | VISIONARIES
BigChampagne's Eric Garland thinks he has a better music chart.
BY STEVE KNOPPER

28 | TECH@WORK
Cisco's online video gamble.
BY JON FORTT

29 | TECH STAR
Frank Quattrone is back with a new firm and big deals.
BY MINA KIMES

INVEST

31 | HOW TO PLAY THE TAKEOVER GAME
Companies are buying again, creating opportunity for investors who can sniff out
the next targets.
BY SCOTT CENDROWSKI

34 | ANATOMY OF A TRADE
Why Bill Fries is buying Canon's stock.
BY MINA KIMES

Opinion

36 | In business, regulatory uncertainty means that leaders are afraid to act.
BY GEOFF COLVIN

38 | Can the Chinese government really mandate creativity and innovation?
BY MICHAEL ELLIOTT

+

39 | FALLEN ANGELS
Fortune 500 Series: Lessons from three companies that dropped off the Fortune
500.
BY MARC GUNTHER

+ FORTUNE.COM

Everything we know, the minute we know it.

ON THE COVER

Photograph by Jeff Minton

[IMAGES]

EIGHT PHOTOS

TWO ILLUSTRATIONS