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...city had transferred riverfront land to a developer for half its real value. The giveaway was greased, Huang says, by gifts from the contractor to officials. He ordered 33 of them to return their gifts and halted construction. The company that won the riverfront-development contract, Yuansheng Real Estate Corp., denies all wrongdoing and says Huang ordered the detention of a company official for nearly a year without charge...
...government's rebuttal hints that Huang himself "violated rules of honest governance" but provides no details. "He ran the town like a king, with no regard for the law," says Zhou Hongwen, the vice chairman of Yuansheng Real Estate Corp. But back in Lianjiang, residents say they glued posters supporting Huang on the wall of Party headquarters. They were removed. "Eight people lived in my mother's house, and now where will they go?" asks one woman living near a Christian church, also slated for destruction. "Officials are stuffing themselves on our rice, and we're going hungry...
...missiles might be emotionally satisfying and politically compelling in Taiwan," says James Mulvenon, an Asia expert at the Rand Corp., "but they are not in the U.S. national interest." Michael A. McDevitt, a retired U.S. Navy admiral who is now with the CNA Corp., a Virginia-based think tank, says the deterrent effect is also questionable: Beijing is unlikely to be cowed if it really wants to invade. Offensive missiles for Taiwan are "really stupid," McDevitt says. That's one analysis the U.S. and China can probably agree...
DENISE SEEGAL Brand Fashioner In October, Seegal, 50, takes the rudder at Nautica, the sportswear line owned by VF Corp. since 2003. After quitting Liz Claiborne in 2000 because of a spat with the CEO, Seegal went to Jennifer Lopez's clothing company, Sweetface Fashion; she boosted sales to about $250 million last year by expanding licensing deals to such categories as jewelry and shoes. Now Seegal must steer Nautica, which has struggled with weak sales and an inconsistent image, to calmer seas...
...making South Korea more exposed to oil shocks than almost any country in the region. (By comparison, energy spending came to only 2.9% of GDP in Taiwan). "In South Korea, no oil means no economic activity," says Ku Ju Kwon, director of overseas exploration at Korea National Oil Corp...