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...China's currency had come to embody the industrialized world's fears of a hypercompetitive mainland staging a hostile takeover of global manufacturing. Led by the U.S., critics accused China of clinging to the dollar peg in order to keep the yuan artificially weak, making its exports extra cheap and fostering a worrisome trade gap with the U.S. that ballooned to a record $162 billion in 2004. Unless Beijing changed its currency policy, a trade war loomed. Still, Beijing wouldn't budge, leaving businessmen and investors across the globe guessing as to when this uneasy status quo might finally change...

Author: /time Magazine | Title: The Yuan Effect | 7/25/2005 | See Source »

Blending the coming-of-age trope with the dark-versus-evil one can introduce stunning problems like that. Unfortunately, it also makes it doubly easy for Rowling to lapse into cheap genre gimmicks...

Author: By Elizabeth W. Green, CRIMSON STAFF WRITER | Title: Dark Chapter Comes for ‘The Boy Who Lived’ | 7/22/2005 | See Source »

...program to sell medical coverage directly to consumers. In 34 Southern California stores this month, Costco will begin selling individual and family health insurance to its executive members--those who pay a $100 annual fee. The policies, in partnership with PacifiCare Health Systems, a California-based insurer, aren't cheap: $1,500 to $3,000 a year for a single person or $3,000 to $6,000 for a family. Premiums will vary according to the individual (and coverage can be denied those with certain pre-existing conditions), but the giant retailer says its plans will cost from...

Author: /time Magazine | Title: Health Insurance? Turn Left At Aisle 6 | 7/19/2005 | See Source »

Some places look more miserable under a blazing sun than on gloomy days. Tempest Road in Leeds, West Yorkshire, is one of them, a Victorian street built on the cheap for textile mill workers and on the slide, pretty much, ever since. On this mercilessly sunny day, a group of young British-Asian men are gathered outside the King Kebab, a takeaway joint on the end of a strip of budget shops that appear to be closed much of the time. Ali, Pav, Shy, Raja, Safi, Asif and Hasif are talking about their friend Kaki, another local boy, born nine...

Author: /time Magazine | Title: In Both Sorrow and Anger | 7/17/2005 | See Source »

...which the leads are hanging onto a skyscraper sign that's losing its moorings. But for all the menace of its techno-prattle, its implicit boosts for humanism and its swell production design, the picture is finally a bore. Sci-fi was more powerful when its special effects were cheap and crude, its ideas simple but potently stated. --By Richard Schickel

Author: /time Magazine | Title: Movies: Future Looks Grim. Again | 7/17/2005 | See Source »

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