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CITIC owes much of its style and substance to Rong, whose own history parallels China's recent twists and turns. A Shanghai industrialist and deputy mayor of that city, Rong watched the nationalization of his factories after the Communist takeover. He and his wife were beaten by the Red Guards during the Cultural Revolution of the 1960s, his Shanghai home was expropriated, and he was forced to clean latrines. After spending the next decade in obscurity, Rong was publicly rehabilitated in the late 1970s. He now lives in a comfortable Peking house and is tended by servants. Says...

Author: /time Magazine | Title: Breath of Fresh Air: China International Trust and Investment Corporation | 6/21/2005 | See Source »

Falwell contended that the reorganization was made necessary by the press, which has "bloodied and beaten the name Moral Majority." He also acknowledged that he wanted to be able to speak out not only on such matters as school prayer and pornography but also on budget deficits, the need for a strong defense and other issues that many Americans regard as political rather than moral. When Falwell has taken positions on such questions in the past, he has been criticized for appearing to frame them in religious terms. Noting that contributions toward Moral Majority's $7 million annual budget have...

Author: /time Magazine | Title: American Notes: Jan 13, 1986 | 6/21/2005 | See Source »

...Orleans for the Sugar Bowl, its activities were so well chronicled in the Herald and News that the triangle seemed joined in Miami. Oklahoma and Miami stood 2-4 in the wire-service poll of the coaches, 3-2 in the competing view of the sporting press. Having already beaten Oklahoma, 27-14, the Hurricanes were poised to be affronted by only half a title should the Sooners defeat Penn State. Miami had to beat Tennessee, naturally, but the pregame talk dealt mostly with whether the 'Canes would run up the score to solidify their claim. They would...

Author: /time Magazine | Title: Sport: One Champion After All | 6/21/2005 | See Source »

London Match brings Samson, the weather-beaten fieldman, back from Mexico City and Berlin to fester among intelligence bureaucrats in England. Stinnes must be debriefed if he is not a plant and foiled if he is. Samson, under suspicion because of Fiona's bad behavior, gets the assignment. He is impeded not so much by Stinnes and his ex-wife, though she is threatening to grab their children, as by his superiors. These careerists are, variously, twits, fops, climbers and pooh-bahs whose entire interest is in position, perks and, after they have dithered and muddled for a sufficient number...

Author: /time Magazine | Title: Books: Game 3: LONDON MATCH | 6/21/2005 | See Source »

...noontime sun beat down on a weather-beaten throng of 20,000 assembled in the dusty market town of Casa Grande. Normally toiling in nearby sugarcane fields, the villagers stood in the withering heat waiting for an apparition from the sky. As a whining white air force helicopter came into view, the crowd spotted the broad, beaming face of President Alan García Pérez, waving a white handkerchief in greeting. "Alan!" thundered the crowd as the helicopter set down in a swirl of dust. "Alan! Alan...

Author: /time Magazine | Title: South America: Flair, Firmness And Ideas | 6/21/2005 | See Source »

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