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...July 23, Beijing made its boldest investment play yet. The China Development Bank (CDB), a huge, state-owned institution that until recently has focused on making large, subsidized loans for infrastructure projects, typically in the country's poorest regions, is plunging into the middle of a takeover fight for one of Europe's biggest and most venerable banks. Teaming up with Singapore's state-owned investment vehicle, Temasek - which will invest an initial $1.9 billion - CDB will fork over $3 billion for a stake in Barclays, the British bank now locked in a struggle with a consortium led by Royal...

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

...shielded in his later years from the worst details. His successor has taken a tougher line, and indeed just months before he was elected to be Pope Benedict XVI, then Cardinal Joseph Ratzinger wrote of the "filth" of the Church in apparent reference to the sex scandals. Among the boldest administrative moves of Benedict since his 2005 election was the disciplining last year of Mexico's Rev. Marcial Maciel Degollado, the 86-year-old founder of the conservative Legionaries of Christ, who had long been accused of past sexual abuse...

Author: /time Magazine | Title: Should the Vatican Pay for Abuse? | 7/18/2007 | See Source »

Rudy Giuliani's decision to be more forthright about his pro-choice stance on abortion may be the boldest step of the Presidential campaign so far. And while it's certainly a gamble, because it will likely inflame the social-issue conservatives who form a key minority in the Republican party, it's far from reckless. On the contrary, it is the first tangible sign that a candidate has done some hard thinking about the radically changed nature of this year's primary schedule and, in Giuliani's case, decided that the reign of social conservatives is coming...

Author: /time Magazine | Title: Behind Giuliani's Pro-Choice Gamble | 5/10/2007 | See Source »

...reform is back in a big way--only this time, the push is coming from the states. Massachusetts passed a program last year requiring nearly all its citizens to carry health coverage. Maine and Vermont have moved to guarantee everyone health care as well. And now comes the boldest move, from California, where Republican Governor Arnold Schwarzenegger aims to extend coverage to almost all the 6.5 million uninsured residents of the nation's largest state...

Author: /time Magazine | Title: A Page From Hillary | 1/11/2007 | See Source »

...Task Force on General Education appears to have experienced a crisis of faith. The “reason and faith” requirement, which had been the boldest and most talked about element of the original report, was summarily consigned to whatever afterlife there may be for dead curriculum proposals...

Author: By Jordan L. Hylden and Jordan D. Teti | Title: Excellence Without a Soul? | 12/19/2006 | See Source »

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