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...called Socialists, who promised economic reforms. But on a visit to Budapest this past summer, all I heard were complaints: the gap between rich and poor was widening, and most people felt closer to the latter than the former. One woman in her forties, who works for a new "capitalist" enterprise, told me: "I come from a working-class family. Before 1989, my parents and I could count on several weeks' vacation each year. These days, there are no vacations for any of us." She didn't hesitate for long when I asked her whether she regretted the "old regime...

Author: By Susan R. Suleiman, | Title: On Anniversaries: October 23, 1956 | 10/23/1996 | See Source »

...might it be between the ethnic Chinese of Hong Kong, Taiwan and China on one side and their ancient enemy Japan on the other? The ownership of the potentially oil-rich islands (called Diaoyu by the Chinese and Senkaku by the Japanese) has ignited a grass-roots movement in capitalist Hong Kong, communist China, and among pro-unification forces in Taiwan. This territoriality has been matched by rightist indignation in Japan, which has not fought a war since 1945 but which sent its coast guard to the islands last week to turn away two groups of Chinese protesters intent...

Author: /time Magazine | Title: Notebook: Oct. 7, 1996 | 10/7/1996 | See Source »

What makes Ned Johnson rare is that like Bill Gates, he is both a nerd and a predator. He adores technology and understands it as few ceos do. He is also an unalloyed capitalist who pursues market share relentlessly. Johnson's double vision makes him a formidable competitor and one of those rare sons who increase exponentially the patrimonies of their fathers...

Author: /time Magazine | Title: A QUIET PASSION FOR PERFORMANCE | 9/30/1996 | See Source »

Branson, a self-described "adventure capitalist," is a business-creation engine who was clearly born in the wrong place. In England wealth is traditionally inherited rather than created, which makes him an odd duck in the land of mad cows. He belongs in the U.S., the wellspring of genius entrepreneurs and shameless hucksters alike, which is why the flashy Times Square stunt is a perfect way for Branson to signal the next phase of his U.S. expansion. Says Ian Duffell, president of Virgin Retail Group in North America: "We've planted our flag here...

Author: /time Magazine | Title: MANY TIMES A VIRGIN | 6/24/1996 | See Source »

Pasquale has always completed all assigned readings for classes and spends inordinate amounts of time on composing papers. He says the lowest grade he has received on a paper is an A-. For that examination of the 1842 Corn Law for History 1443: "Capitalist Culture in Britain 1750-1914," he says he spent 40 hours on the research alone...

Author: By Nan Zheng, | Title: Socially Critical | 6/6/1996 | See Source »

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