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...Clinton is merely voicing concerns shared by others. In Europe, where the concept of "national champions" in a variety of industries is still taken seriously, some of the countries that have established huge SWFs, such as China and Russia, are not necessarily "friendlies, as far as the West is concerned," as one U.S. Congressional staffer puts it. Even U.S. Securities and Exchange Commission Chairman Christopher Cox, an avowed free trader, has acknowledged that government investment funds could use "the vast amounts of covert information" that their spy agencies collect, making that "the ultimate inside-trading tool...

Author: /time Magazine | Title: The Wealth of Nations | 12/6/2007 | See Source »

...resemble the statue more than the other people that tried out, and I’m pretty pale, so that probably helps with the Englishman. FM: What do your friends think? AB: I think people who know me know me as a goofy dude. My concept of John Harvard as a character is not me at all, which was actually very liberating to play. I think people that saw me were like, “Oh, there’s Alex and he’s crying. Oh my God. What’s wrong? Oh yeah, he?...

Author: By Molly M. Strauss, CONTRIBUTING WRITER | Title: The Statue's Reincarnation | 12/5/2007 | See Source »

...exciting scenes—a bittersweet triumph that speaks to the film’s overall lack of creativity. In addition to its triteness, “Mr. Magorium” sometimes overestimates the maturity level of its audience. Towards the end of the film, Hoffman gently explains the concept of death to Portman by discussing the stage directions at the close of “King Lear”: “There’s no fanfare, no metaphor...just ‘he dies’...And we are sad not because of those words, but because...

Author: By Jenny J. Lee, CONTRIBUTING WRITER | Title: Mr. Magorium's Wonder Emporium | 11/30/2007 | See Source »

...aliens, robots, crooks or poor dating habits. Commercial disappointments, like the golfing flop The Legend of Bagger Vance, are rare. "I look at movies in their essence," Smith says. "Will that idea sell? The last man on Earth is the essence of I Am Legend. It's a concept that's primal and connects to all those ideas of loneliness and abandonment." Occasionally Smith chooses art over commerce, on a character drama like Ali or Pursuit of Happyness, his two Oscar-nominated roles, but even then his pragmatism outweighs his passion. "Pursuit of Happyness is essentially a movie about...

Author: /time Magazine | Title: The Legend of Will Smith | 11/29/2007 | See Source »

...more controversial ideas to be floated at the conference will likely be a proposal to create an international carbon-trading system that would, in effect, allow countries such as Indonesia to be paid for not cutting down their forests. Although details have yet to be hammered out, the concept is similar to a European Union carbon-trading system that sets limits on greenhouse-gas emissions, allowing companies exceeding those limits to buy "credits" from companies that produce less than their fair share of pollutants. Thus, heavy polluters are penalized (they have to pay for credits to stay within...

Author: /time Magazine | Title: Green Monster | 11/28/2007 | See Source »

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