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...efficient global growth, unwrap a Kit Kat. Nestle acquired the chocolate-covered wafer bar in 1988 when it bought Britain's Rowntree. Today it's a $1 billion business, says Patrice Bula, head of the chocolate division at Nestle headquarters, and the company is pushing Kit Kat as its answer to the Mars bar, the world's most popular candy. Last year Nestle started producing Kit Kats in Russia and Bulgaria for Eastern Europe. A Latin American launch is slated this year. Kit Kat is already selling briskly in Japan, Australia and India, and a relaunch is under...

Author: /time Magazine | Title: Nestle's Quick | 11/14/2007 | See Source »

...Neil Cashman thought he had the answer. The University of Toronto scientist had spent his career trying to sift out the misshapen clumps of proteins thought to cause neurodegenerative diseases such as amyotrophic lateral sclerosis (ALS) that hid in a sandbox of normal proteins. In 2002 he finally succeeded, using a chemical agent to alter normal proteins but not so-called aggregated misfolded ones, leaving the clumps easier to detect. It would become the formula for a diagnostic kit usable by blood banks everywhere...

Author: /time Magazine | Title: GEORGE ADAMS: Find the Bad Protein; Then, Fix It | 11/14/2007 | See Source »

...moment, Asian central banks are helping fund the deficit by buying dollars. That's keeping their trade with America on track and U.S. interest rates low, and effectively financing the worldwide expansion. But, Tyson asked, "how long can they keep doing this?" The U.S. Federal Reserve gave a partial answer recently when it abandoned a five-month-old commitment to keeping rates low "for a considerable period"--a statement widely interpreted to mean that rates are headed upward later this year. That's a growth brake...

Author: /time Magazine | Title: Board of Economists: Growing, At Last | 11/14/2007 | See Source »

...answer from America is benign but not satisfactory. America's idea of Australia is mostly thin and vague. Americans fantasize in a desultory way about Australia but know much less about us than we do about them. Australia, we hear, is rather like Texas 50 or 100 years ago. The basic American idea of the basic Australian male is--who else?--whatsizname, him with the big knife, star of Crocodile Dundee. Aussies (wrongly pronounced Awzies; the correct pronunciation is Ozzies, though we'd rather you Yanks dropped the dumb pseudointimacy altogether and just called us Australians) are all supposed...

Author: /time Magazine | Title: The Real Australia | 11/14/2007 | See Source »

...alas, true. One sees it, for instance, in the bristling posture of denial that the Australian government recently took against U.N. criticism of its flouting of the human rights of Aborigines. Australians still tend to be worried about what outsiders think, keep asking and then get furious if the answer is even fractionally less than flattering...

Author: /time Magazine | Title: The Real Australia | 11/14/2007 | See Source »

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