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...like semiconductors, LCD panels are manufactured in clean-room factories that require massive investment. Ten new plants costing around $20 billion will start up between now and the end of 2005, increasing the industry's production capacity by 70% next year. Even more are on the drawing board. In August, Japan's Hitachi, Matsushita and Toshiba announced a $1 billion joint venture to produce LCD panels starting...

Author: /time Magazine | Title: Flat Chance | 11/22/2004 | See Source »

...trips like homecomings. I snapped beans from my grandparents’ garden into a bowl in my lap so we could eat them for dinner. My grandfather took my brother and me for rides on his tractor. I learned to pitch horseshoes. On the first Sunday in August, there was always a reunion of my grandmother’s family, when you could look up from your great aunt’s Jell-O salad (lime, with grated carrots) into eyes that were the same blue as your own. Ohio—that corner of Ohio?...

Author: By Phoebe Kosman, | Title: What Happened in Winesburg | 11/22/2004 | See Source »

...August 2002, international donors forced Arafat to sign over his investments to the Palestine Investment Fund, which was audited by U.S. accountants and managed by Palestinian Finance Minister Salam Fayyad, a former International Monetary Fund official. After scouring corporations throughout the Arab world and bank accounts in the Cayman Islands and Luxembourg, the auditors identified $800 million, which has been made a part of the Palestinian Authority's official budget. "It's the most successful financial reform in the Arab world," says Jim Prince, president of the Los Angeles--based Democracy Council and head of the audit team...

Author: /time Magazine | Title: Where's Arafat's Money? | 11/22/2004 | See Source »

Even at home, Beijing has faced setbacks. In August a consortium led by oil giant Shell pulled out of a just-finished gas pipeline--running 2,730 miles from the western deserts to Shanghai-- after the firms decided their returns would be too small. A planned oil pipeline covering the same distance has seen no takers. Then, last month, Shell and Unocal backed out of a multibillion-dollar project to tap gas fields under the East China...

Author: /time Magazine | Title: China: Quest for Crude | 11/22/2004 | See Source »

...Qaeda operative seized in Pakistan recently offered an alarming account of the group's potential plans to target the U.S. with weapons of mass destruction, senior U.S. security officials tell TIME. Sharif al-Masri, an Egyptian who was captured in late August near Pakistan's border with Iran and Afghanistan, has told his interrogators of "al-Qaeda's interest in moving nuclear materials from Europe to either the U.S. or Mexico," according to a report circulating among U.S. government officials. Masri also said alQaeda has considered plans to "smuggle nuclear materials to Mexico, then operatives would carry material into...

Author: /time Magazine | Title: Bordering On Nukes? | 11/22/2004 | See Source »

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