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...largest mobile phone company by subscribers, Baoshan Steel and China National Petroleum Corp. The role they play in China's hybridized economy appears to be expanding due to the global slump. As Beijing fights recession with a $586 billion stimulus package and as banks boost lending at the behest of the government, the private sector looks to be getting squeezed out. Loans to private firms in January totaled $61.7 billion, down $102.5 million from the previous month, even as total lending has swelled, according to the All China Federation of Industry and Commerce. It isn't just financing that...

Author: /time Magazine | Title: Why China's State-owned Companies Are Making a Comeback | 4/29/2009 | See Source »

...time students have accused Mount Bachelor of abuse, nor is Mount Bachelor the only such program to face allegations of mistreatment. Similar allegations of abuse were documented by the Government Accountability Office for numerous programs in 2007 and 2008, when the agency investigated the troubled-teen industry at the behest of California Congressman George Miller...

Author: /time Magazine | Title: An Oregon School for Troubled Teens Is Under Scrutiny | 4/17/2009 | See Source »

...meantime, the U.N. Security Council - at the behest of the U.S. and its key allies in East Asia, Japan and South Korea - convened yesterday to consider a response to the launch. But the meeting broke up late Sunday night with no agreement on anything, and that speaks volumes about the gap that now exists between China and Russia on one side (both permanent members of the Security Council) and the U.S., South Korea and Japan on the other. (Those nations, plus North Korea, comprise the six-party talks.) (Read about what North Korea could look like after...

Author: /time Magazine | Title: North Korea Launch Poses Problem for Obama | 4/6/2009 | See Source »

Frederick "Fritz" Henderson will not have the luxury of a honeymoon phase. The new interim CEO of General Motors - whose predecessor, Rick Wagoner, resigned March 29 at the behest of the White House - inherits a company in disarray. Over the next 60 days, Henderson must engineering some kind of comeback for the sputtering carmaker, amid the glare of the media spotlight and mounting public outrage over disappearing auto jobs. (Read "Will Wagoner's Exit Put GM on the Road to Recovery...

Author: /time Magazine | Title: Fritz Henderson: GM's Interim CEO | 3/31/2009 | See Source »

...pool manager called the cops on Adams upon recognizing a megaphone-wielding rabble-rouser perched on his lifeguard chair in a photo gracing the front of today's Crimson. At the indignant alleged chair-owner's behest, HUPD officers promptly cut the bike lock securing the chair to one of Adam's guardian lions and toted the chair out of the dining hall...

Author: By June Q. Wu | Title: What goes around comes around... | 3/10/2009 | See Source »

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