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...bian; on charges of insider trading; in Taipei. Prosecutors say Chao, an orthopedist, reaped huge profits by investing in a troubled land-development firm after learning of a plan to rescue the company. If found guilty, he could face up to eight years in prison and a $925,000 fine. Chao, who maintains his innocence, is one of several associates of the President caught up in recent scandals, sparking demands for Chen's resignation and a legislative attempt to recall him in June...

Author: /time Magazine | Title: Milestones | 7/17/2006 | See Source »

...Editor's note: Kinsley's surgery took place on July 12 and went fine. His first words were, "Well, of course, when you cut taxes, government revenues go up. Why couldn't I see that before...

Author: /time Magazine | Title: Yes, It Really Is Brain Surgery | 7/16/2006 | See Source »

...that date, both domestic alcohol and the estimated 200 million imported bottles held in stock by Russia's retailers and suppliers have to carry sophisticated new excise labels. Selling or hoarding bottles with the old labels is punishable by a $1,500 [an error occurred while processing this directive] fine and loss of a license to sell alcohol. On the same date, any transactions in alcoholic goods became illegal, unless entered into the computerized Unified State Automated Information System ( usais). The state also ordered alcohol retailers to double their authorized capital stock from $18,500 to $37,000, and raised...

Author: /time Magazine | Title: Without Tears — and Now Without Booze | 7/16/2006 | See Source »

...the fine-dining experience you might expect an Agnelli would prefer. The anointed heir to Italy's greatest industrial fortune is settling into his chair at Vittoria, a homespun Torino trattoria where plates clank every time the nearby kitchen door swings open. But for John Elkann, the 30-year-old who is vice chairman of both Fiat and IFIL, the Agnelli family's $7.7 billion holding company, it is the perfect setting for a power lunch. "You know why I really like this place?" he asks, lowering his voice and widening his eyes. "Because it's fast...

Author: /time Magazine | Title: All In The Family | 7/16/2006 | See Source »

Editor's note: Kinsley's surgery took place on July 12 and went fine. His first words were, "Well, of course, when you cut taxes, government revenues go up. Why couldn't I see that before...

Author: /time Magazine | Title: Yes, It Really Is Brain Surgery | 7/16/2006 | See Source »

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