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...CITIC promptly set out to find new ways of doing business in China. Instead of investing only in projects that were part of Peking's Five-Year Plan, the innovative agency roamed the country in search of profitable opportunities wherever they might be found. Noting a growing demand for beer, CITIC created a $30 million joint venture with Japan's Suntory to expand production. The initial results were so encouraging that output will be doubled during the next two years...

Author: /time Magazine | Title: Breath of Fresh Air: China International Trust and Investment Corporation | 6/21/2005 | See Source »

...million. Companies that had rushed to market with new products were violently shaken out of it. Coleco dropped its Adam computer in January, and IBM stopped production of its PCjr in March. Even so, sales of the more powerful personal computers used in business continued to grow, and demand for some very large units boomed. IBM's long-awaited new mainframe machine, which had been nicknamed the Sierra, costs about $5.5 million, but it still sold so briskly that economists predicted the machine alone would boost fourth-quarter GNP growth by a full percentage point...

Author: /time Magazine | Title: The Year of Big Splashes | 6/21/2005 | See Source »

...airports. Passengers on the twice-weekly El Al flight between Tel Aviv and Madrid, which is said to be a likely target for terrorists, were questioned about their reasons for traveling to Israel. At Rome's Leonardo da Vinci Airport and Britain's Manchester airport, workers staged strikes to demand even stricter security. Some measures have gone unpublicized. Said an Air France official: "If everyone talks about it, it is no longer security...

Author: /time Magazine | Title: Keeping Fear at Bay: European Airport Security | 6/21/2005 | See Source »

...angered by food and fuel shortages, took to the streets, shouting "Down with misery!" and "Down with the constitution!"--a reference to the document that gives Duvalier, 34, lifetime tenure as President and the right to choose his successor. The following day students in Gonaïves abandoned classes to demand an end to Duvalier's reign. Army troops shot two students in cold blood and beat a third to death. That inspired students all over Haiti to launch new protests, most of which were violently put down by security forces. On Dec. 15, a Gonaïves school principal was arrested...

Author: /time Magazine | Title: Haiti: Small Stirrings of Change | 6/21/2005 | See Source »

...dismissal of more than 7,000 workers in Control Data's computer-peripherals division. Whatever steps he takes, Price may have only limited time to prove himself. If he does not quickly turn Control Data into a leaner and more profitable company, the firm's anxious bankers could soon demand his ouster...

Author: /time Magazine | Title: A Visionary Exits: Norris leaves Control Data | 6/21/2005 | See Source »

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