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...team, though, argues closer ties will boost the economy overall because it makes it easier for executives to keep the most advanced parts of their businesses - the high-salary R&D and management divisions - at home. San says the government's vision is to turn Taiwan into an operations center for Chinese industry by supplying technical and manufacturing expertise. There are some early indications Ma's strategy might work. Sun Ta-wen, chairman of circuit-board-parts maker Taiflex Scientific in the southern city of Kaohsiung, had planned to shift more production to China to improve efficiency, despite his fear...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...administrators of the Hsinchu Science and Industrial Park are, perhaps fittingly, dilapidated compared with the shiny high-rises and modern factories surrounding it. When the boxy building first opened in 1980, the same year as the park, its first officials were key players in developing Hsinchu into the premier center for Taiwan's electronics industry. Today, though, the idea that a bunch of bureaucrats can engineer industrial progress seems as out-of-date as the tattered furniture in the office's dark hallways. Read "Taiwan Scores Invite to WHO Meeting...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...There are moves afoot to bring about this crucial change. Taiwan's vaunted Industrial Technology Research Institute (ITRI), a state-funded think tank housed on a landscaped campus near Hsinchu, produced many critical breakthroughs since its founding in 1973. But ITRI's future may lie within the center's Creativity Lab. At its entryway is a collection of odd video games developed at the lab, including one that allows visitors to interact with a digitally generated infant. Inside, researchers dress in blue jeans and polo shirts instead of the usual white coats, and converse in a room with movable walls...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

Once the TV ads start running, the debate will probably center not on level playing fields but on whether consumers need protection at all. "The proposed CFPA appears to be premised on the idea that Washington is better at making financial decisions for all Americans than leaving that choice up to individual Americans," said Spencer Bachus, the ranking Republican on the House Financial Services Committee - whose top five 2008 campaign donors were UBS, Citigroup, Credit Suisse, JPMorgan Chase and Bank of America, according to the Center for Responsive Politics...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

After we prayed about some burgers and then ate some burgers, a troupe member took me to the worship center to see the end of the sermon being given by Warren, who apparently was our warm-up act. He did not make me laugh once. Then as the full house of 160 took their seats in a small meeting room next to the church, we gathered to pray about our performance. Preshow praying, as most professional comedians will tell you, is not quite as confidence-building as shots of Cuervo. (See TIME's 2008 cover on Rick Warren...

Author: /time Magazine | Title: Christian Improv: What's Funny at Warren's Church | 7/27/2009 | See Source »

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