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...what everyone else regards as toxic can seem almost reckless. In 1998, Wadhwaney?then running a hedge fund for Third Avenue?loaded up on imploding shares of the Noble Group, a Singapore-listed shipping and commodities firm that was losing money; he subsequently rode it to a fiftyfold gain. "The Asian crisis was just madness," he says. "It was wonderful...

Author: /time Magazine | Title: Hidden Assets | 5/23/2005 | See Source »

...American dramatists. It is a beautifully written work; Korder seems to have invented the very language of his 19th century characters--formalized yet colloquial, terse yet grandly poetic. "Shall we speak of profit?" urges Samuel Markham Hayes, the Pied Piper who lures Newman west. "You will see it fiftyfold, I guarantee it. Shall we tell of kings? Look into the glass, you will find the measure of one. Shall we dream of empires? We need not dream. Only reach out, sir. Reach out and close your fingers...

Author: /time Magazine | Title: Theater: Go West, Young Man | 1/31/2000 | See Source »

...Canton in the south, from Shanghai in the east to sooty Lanzhou in the west, 1,600 foreign specialists are working to boost China's economy. Some 128 American firms have offices in Peking; this year trade between the U.S. and China will amount to $5.5 billion, a fiftyfold increase since 1972. Ten years ago, almost no Chinese were allowed to go overseas; today there are 10,000 students in the U.S. alone. Fifteen years ago, China kept only one ambassador abroad (in Cairo); today, with representation in 128 countries, China has become one of the world's most diplomatically...

Author: /time Magazine | Title: China: Capitalism in the Making | 4/30/1984 | See Source »

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