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...massive international reforestation program to reverse global warming. Ian Vincent Nairobi Chinese Economic Might Your cover illustration for the " Italy vs. China" stories [Dec. 5], on the trade competition between the two countries, showed them arm wrestling with equal muscle, but Italy is really no match for the Chinese giant. China is getting stronger and stronger and will soon move on to conquer the next country or continent. China wins with a simple, convenient formula: a communist social structure, a capitalist economy, small concern for trade rules and a furious rush. As an Italian politician said, If China...

Author: /time Magazine | Title: Spielberg's Shot to the Heart | 1/5/2006 | See Source »

...Department of Homeland Security (DHS) announced yesterday that it has finally decided to distribute more money based on risk-not population or politics. ?We are taking a giant step forward,? said Homeland Security Secretary Michael Chertoff as he unveiled the list of 35 urban areas that will be eligible for antiterrorism funding this year at a press conference in Washington, D.C. ?We?ve learned some lessons, we?ve listened to some of the critics,? Chertoff said...

Author: /time Magazine | Title: Explainer: The Real Deal Behind Chertoff?s New Funding Plan | 1/4/2006 | See Source »

...TOOK A FLYING WEDGE OF PREACHERS AND SANITATION WORKERS to guide King's party into the cavernous Mason Temple through crowded aisles and a pulsing crescendo of cheers. Against all fire codes, some spectators climbed high into rafters from which was suspended a giant white banner with a Bible quote from Zechariah: NOT BY MIGHT, NOR BY POWER, SAITH THE LORD OF HOSTS, BUT BY MY SPIRIT. The platform below teemed with dignitaries plus three stately new garbage cans filled with donations. When King in his blue suit reached the bank of microphones, the noise receded no lower than...

Author: /time Magazine | Title: "I Have Seen The Promised Land" | 1/1/2006 | See Source »

...biggest deals have been taking place in energy, banking and insurance, and media and telecommunications. Last month, for example, after months of slugging it out for subscribers and advertisers, France's two leading pay-TV satellite channels agreed to merge. The CanalSat-TPS deal would create a broadcasting giant in France worth at least $7 billion. That's modest compared with the year's biggest deals: the $28 billion acquisition last June by Telecom Italia of the 44% stake in mobile phone company Telecom Italia Mobile it didn't already own, and the $22 billion purchase by Italian bank UniCredito...

Author: /time Magazine | Title: It's High Time for Mixing Brands | 12/31/2005 | See Source »

...sectors, but it's a very different environment." Daniel Fermon, senior European strategist for French bank Société Générale points out that some companies today are very publicly balking at prices they believe unreasonable; he cites the decision in September by French advertising giant Publicis not to raise its $2.8 billion bid for British media-buying company Aegis. KPMG's Barrett concurs. "We're not seeing the sexed-up transactions we saw in the last bull market. It's looking much more responsible," he says. The French bank Crédit Agricole...

Author: /time Magazine | Title: It's High Time for Mixing Brands | 12/31/2005 | See Source »

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