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...into the issue that has dominated his first year as Taiwan's leader. Tourists from the Chinese mainland were allowed to visit Taiwan for the first time last year and are arriving by the thousands each day, he notes, giving the recession-hit local economy a welcome, albeit minor, boost. He stresses that he wants Taiwan to benefit economically from better ties with China - but he won't let the island be assimilated by the rising giant. "I won't sell out Taiwan," Ma told TIME, adding that "I'll sell China Taiwan fruit ... We're trying to create...

Author: /time Magazine | Title: Building Bridges to China | 5/25/2009 | See Source »

...rates they are now paying investors - without government backing, that is - are significantly higher. Analyst Brad Hintz of Bernstein Research estimates that JPMorgan, one of the healthiest banks, will have to pay three percentage points more per year to borrow without the FDIC guarantee. That would boost the interest JPMorgan has to pay on five-year loans to 6%, from an FDIC-backed rate of 3%. For Goldman, the cost of borrowing could rise as much as five percentage points...

Author: /time Magazine | Title: Paying Back TARP: Good for Banks, Bad for Investors? | 5/22/2009 | See Source »

...four E.U. countries - out of 27 - that are yet to finish ratifying a treaty that would allow the enlarged bloc to reform its institutions. The goal of the Lisbon Treaty, which the E.U. has been working on since its failed attempt to pass a constitution in 2005, is to boost the E.U.'s influence on the world stage by making it more effective. (Read "Czech Government's Collapse Hits...

Author: /time Magazine | Title: Vaclav Klaus: The Man with the E.U.'s Fate in His Hands | 5/21/2009 | See Source »

More recently, Afghan security forces found a cache of Iranian-made explosives near the Bakhshabad Dam in Farah province, a $2.2 million coalition-sponsored project set to boost power and water supply in the area. Gen. Malham Pohanyar, chief of the West Region border police, says other comparable findings abound. He says his men gave chase last week to arms smugglers who detonated their load as they fled in the dark.However, he concedes there is lack of hard proof implicating the Tehran regime...

Author: /time Magazine | Title: Iran's Spending Spree in Afghanistan | 5/20/2009 | See Source »

...served in the same position under Summers, compared to his raise last year. One of the three oft-mentioned internal candidates for the presidency at the time, Hyman was asked to stay on as Faust’s deputy in 2007—and received a 19 percent boost in total compensation, from $479,819 to $570,265, the next year in today’s dollars...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Admins Stay Mum on Salaries | 5/18/2009 | See Source »

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