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...hardly Tiananmen, but a small triumph for free expression nonetheless. And if the West hopes to see China become democratic as well as prosperous, it will have to find ways to encourage modest breakthroughs like these, rather than expect sweeping change. At the Gang Ji Restaurant, where the dishes have been cleared and fresh fruit and more tea brought in, the mood is reflective. "We are lucky compared to our parents," says Maria Zhang, who works as a membership manager in one of the capital's most exclusive clubs. "My parents had nothing themselves. They lived for me." Wang Ning...

Author: /time Magazine | Title: China's Me Generation | 7/26/2007 | See Source »

...disaster that befell many Japanese companies when they went on their own foreign spending spree in the late 1980s. The Japanese not only met considerable public opposition in the U.S., but in several instances, vastly overpaid for glamorous properties such as the Pebble Beach golf course. "I don't expect China to go in for trophy properties," says JPMorgan's Ulrich. "They know the lesson of the Japanese debacle." That said, she concedes, the odds are that Chinese companies will make mistakes of their own, given the sheer volume of deals to come. "This," she says, "has only just begun...

Author: /time Magazine | Title: Enter the Dragon: China's Investments | 7/26/2007 | See Source »

Hutchinson's team, led by Dr. Jim Olson, spent three years developing the compound and tested it in a variety of human tumors grown in mice. So far, the researchers have successfully illuminated five kinds of cancers, and they expect to begin testing the agent in human patients next year...

Author: /time Magazine | Title: Painting Tumors | 7/26/2007 | See Source »

...garden: I have not heard one doctor nor a single nurse - outside of line-up - use the C-word. I hope I never do. However the insurance companies and businesses and politicians want to shape the way medicine is practiced in this country, if my children expect good care when they get to a hospital, it has to remain a place for nurses, doctors - and patients...

Author: /time Magazine | Title: My Patients Are Not Customers | 7/25/2007 | See Source »

...TIME say. Hedge funds and speculators control a massive chunk of ABN - and pressure from hedge funds for it to increase shareholder value forced ABN into merger talks with Barclays in the first place. They may be keen to hold out for the higher price. "We do not expect the RBS consortium will need to increase its offer, and therefore remains the more likely victor," analysts at Bear, Stearns said in a note published Monday...

Author: /time Magazine | Title: A New Twist in Barclays' Bid | 7/23/2007 | See Source »

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