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...that fewer refugees from North Korea cross into China. Further, Hu believes China's own stability is enhanced by the continued modernization of its military. To Beijing's fury, Washington last year pressured the E.U. to maintain restrictions on weapons sales to Beijing. China wants those constraints dropped. To fuel its growth, Beijing also needs to buy oil without having to worry about the U.S. - the world's largest consumer of oil - working at cross purposes. That includes in places like Saudi Arabia, Washington's long-time ally, and even in the U.S. itself - where a political uproar last year...

Author: /time Magazine | Title: The New Power in the Persian Gulf | 1/22/2006 | See Source »

...running Ford's Switzerland operation. When he became chairman, Ford pushed two projects that have since become important signs of where the company is heading: he rebuilt the Rouge plant, which now has a roof of green grass, skylights and a program that turns polluting paint fumes into hydrogen fuel cells, and produced the Escape Hybrid, the first SUV hybrid to hit the market...

Author: /time Magazine | Title: Can This Man Save The American Auto Industry? | 1/22/2006 | See Source »

...Labor Department expects two million new jobs this year on top of the 1.7 million created last year. Helping to fuel what could be the hottest job market so far in the 21st century: massive rebuilding on the Gulf Coast and stepped-up gas and oil exploration and drilling amid higher energy prices...

Author: /time Magazine | Title: Give Yourself a Raise | 1/20/2006 | See Source »

...some companies, the run-up in fuel prices is one more reason to ship jobs offshore. In the U.S. chemical industry, where 100,000 jobs have vanished since 2000, companies are building plants overseas, where natural gas goes for a small fraction of the price it commands in the U.S. Dow Chemical is constructing a $4 billion petrochemical plant in Oman, and CEO Andrew Liveris says the plant would have been built in Freeport, Texas, if not for the price difference. At PPG Industries in Pittsburgh, Pa., CEO Charles Bunch says he may have to close two North Carolina fiber...

Author: /time Magazine | Title: The Next Energy Crisis? | 1/15/2006 | See Source »

...Abramoff scandal has unfolded, alarm has spread on Capitol Hill that Justice Department prosecutors are building corruption cases on legally reported campaign donations--a worry that revelations of the alleged Ney quid pro quo are sure to fuel. Although refusing to comment on the specifics of the Ney case, a U.S. government expert on criminal law made the following point: "Contributions are lawful only if made in support of a lawmaker's policies. They are clearly illegal as part of a prenegotiated deal involving a quid pro quo." For a host of nervous politicians familiar with the murky ways...

Author: /time Magazine | Title: Quid Pro Quo?: Jack Abramoff's $10,000 Question | 1/15/2006 | See Source »

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