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This measured, strategic-stake approach may help Chinese firms avoid the disaster that befell many Japanese companies when they went on their own foreign spending spree in the late 1980s. The Japanese not only met considerable public opposition in the U.S., but in several instances, vastly overpaid for glamorous properties such as the Pebble Beach golf course. "I don't expect China to go in for trophy properties," says JPMorgan's Ulrich. "They know the lesson of the Japanese debacle." That said, she concedes, the odds are that Chinese companies will make mistakes of their own, given the sheer volume...

Author: /time Magazine | Title: Enter the Dragon: China's Investments | 7/26/2007 | See Source »

...change actions. In this way the rebellious author of more than 70 books, including the best-selling Sex Without Guilt, planned to "cure every screwball in New York, one at a time." Starting in the 1960s, when Freudian therapy was the rage, critics attacked Ellis' rational, short-term approach as superficial. Still, the treatment has been shown to be effective for many in tackling depression, anxiety and other ailments. Ellis...

Author: /time Magazine | Title: Milestones Aug. 6, 2007 | 7/26/2007 | See Source »

...case, it was just another sign of Sarkozy's results-focused approach to politics and his intent to raise France's profile in foreign affairs. He first pledged to concentrate on the prisoners' plight when he took office in May. Convicted of purposely infecting nearly 440 Libyan children with HIV in a Benghazi hospital, the medics--five Bulgarian nurses and a Palestinian doctor--faced execution until Libya commuted the sentence to life in exchange for a $460 million compensation to victims' families. When further talks to get them out of Libya stalled, Sarkozy sent his wife to meet with Gaddafi...

Author: /time Magazine | Title: France's Diplomacy Play | 7/26/2007 | See Source »

...days approach--and little feet are slap-slapping on the concrete and young voices are calling "Marco" and "Polo"--I increasingly love that pool and don't care who knows it. Most people, like most pools, have a deep end and a shallow one. I'm going to enjoy my shallow end for a while...

Author: /time Magazine | Title: Off the Deep End | 7/26/2007 | See Source »

What's wrong? The answer is simple: we've lost sight of that boring and corny moral imperative to do what's right for those in need, to love your patient as yourself. That approach has always driven good medicine. Not customer satisfaction...

Author: /time Magazine | Title: My Patients Are Not Customers | 7/25/2007 | See Source »

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