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...Huaxi got a head start on sky-high socialism in 1969, when Communist Party secretary Wu Renbao founded a village-owned textile factory - a rarity at the time. Gradually, the town switched from agriculture to manufacturing, embracing urbanization amid the pro-agrarian orthodoxy of China's Cultural Revolution. The move paid off. In the 1990s, it became the first commune in China to list shares on a stock exchange...

Author: /time Magazine | Title: The Richest Reds in China | 4/4/2008 | See Source »

...Justice Department withdrew the memo, written by deputy legal counsel John Yoo, nine months after it was written, but the issue of U.S. treatment of prisoners remains in the headlines. The governments in Baghdad and Washington together still hold tens of thousands of prisoners in Iraq amid continuing controversy over their legal rights. U.S. military interrogators are currently limited to the less aggressive methods of questioning listed in the Army's field manual, though President George W. Bush recently vetoed a bill that would have put similar limits on the CIA. For its part, the agency is investigating the destruction...

Author: /time Magazine | Title: Dashboard | 4/3/2008 | See Source »

...tournament can adjust is because it has a massive amount of money. Wouldn't it make more sense to just change the golf ball rather than the whole course?" There's certainly some precedent for such a move: in 1986, changes were made to the aerodynamics of javelins amid fears that they would sail into the stands...

Author: /time Magazine | Title: Golf: Living History | 4/2/2008 | See Source »

...present, I maintain my disagreement: I have found among our student body a not unhealthy proportion of brilliant, entertaining, and well-grounded college kids amid that small but vocal class of mercenary careerists and social climbers, the oft-derided Golems of Goldman Sachs (are any investment banks still solvent...

Author: By James M. Larkin | Title: Locking the Gates | 4/2/2008 | See Source »

...newly reelected member of parliament from Bulawayo. Speaking to TIME by phone, Coltart said, "It is increasingly clear that Mugabe has lost the support of the rank and file of the army and the police." The armed forces have become Mugabe's main support as his popularity plummeted amid the the country's economy disintegration. South Africa's Mail & Guardian is reporting negotiations between the opposition and Zimbabwe's military and security apparatus...

Author: /time Magazine | Title: Zimbabwe Suspense: Is Mugabe Done? | 4/1/2008 | See Source »

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