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...state-controlled economy to a free market, success will depend largely on the work of gritty local companies producing pedestrian goods and services. Small- and medium-size enterprises generate most of China's employment growth. By the government's reckoning, companies with annual revenue of less than $30 million account for more than 8 of every 10 jobs in urban China and three-quarters of the country's industrial output...

Author: /time Magazine | Title: Banking: At the Mercy Of Loan Sharks | 5/19/2003 | See Source »

...sake-loving, Edo-era lord and means "drunken whale." Though production has not increased much in its kura, built in 1872, Suigei has nevertheless increased its revenues 30% over the past decade by concentrating on quality sake. Shigeji Ishimoto, the brewery head, says top-grade daiginjo and ginjo sake account for 75% of Suigei's $6.3 million in sales, up from almost nothing when my grandfather bought it in 1968. Last year its daiginjo won a gold medal at the national sake competition...

Author: /time Magazine | Title: Going with the Grain | 5/19/2003 | See Source »

...major breweries, much of this process today is automated. Most of what those kura produce is sake of regular grade, often sold in paper cartons and best served hot. Its low quality might account for falling sales. Some breweries, including many in Kobe's Nada ward?sake central for centuries because of its pure mountain-spring water?are trying to reach younger drinkers with products like low-alcohol, low-calorie sake, while also appealing to Japanese nostalgia by encouraging visits. Hakutsuru, the No. 1 brewery, has preserved its 1743 kura as a museum to showcase ancient sakemaking methods...

Author: /time Magazine | Title: Going with the Grain | 5/19/2003 | See Source »

...outside world. No one emerges looking very pretty. Elizalde, who died in 1999, was something of a playboy gangster; the first wave of discoverers come across as naive, all too willing to believe the story Elizalde handed them; the debunkers are most ruthless of all, in Hemley's account, out to discredit personally anyone who believes in the Tasaday. If the original story seemed too good to be true, those who debunked it are portrayed here as unscholarly in their methods or worse. Some of the recantations seemed to have been extorted and were later disavowed. Anyway, what does...

Author: /time Magazine | Title: The Tribe Out of Time | 5/19/2003 | See Source »

American writers are chock-full of homespun originality and pith. How to account for the dreck produced by American students? I don’t think it’s our fault; it’s what they do to us. Faulkner said that writing is about killing your darlings. When we write papers, we slaughter our ancestors and submit ourselves to sterilization. I wish someone had taken me aside during Freshman Week and told me then what I have since learned the hard way: that the fundamental principle of paper-writing consists in saying things that sound vaguely familiar...

Author: By Madeleine S. Elfenbein, | Title: Old Rabbits Die Hard | 5/19/2003 | See Source »

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