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...this "great reversal," Beijing's Xiushui Market, a thriving shopping area popular with tourists, was effectively expropriated by the city. The entrepreneurial founder of Kelon, China's most successful refrigerator maker, had his company seized in a backdoor takeover by local officials who then ran it into the ground. Land grabs by officials intent on real estate development soared. Rural credit cooperatives backed away from entrepreneurial finance and morphed into "policy pawns and cashiers of local government." The government abandoned attempts to develop village-level democracy and instead strengthened the Communist Party in the villages. And finally, fiscal and administrative...

Author: /time Magazine | Title: The Aborted Revolution | 1/14/2009 | See Source »

...Israelis say they have identified more than 400 known Hamas militants among the 900 Gazans that Palestinian sources say have been killed in the fighting. Israeli military sources told TIME that using intelligence from 120 suspected Hamas militants captured during the first hours of the ground invasion, the Israel Defense Forces (IDF) have managed to find and blow up dozens of launching sites and rocket factories. As they advanced, troops encountered booby-trapped houses and a maze of tunnels, which the Israelis cleared using little robots with camera eyes that were sent down the shafts to ferret out hiding militants...

Author: /time Magazine | Title: How Badly Has Hamas Been Hurt in Gaza? | 1/12/2009 | See Source »

...society where people routinely don't stop to pick up a penny off the ground, the better question might be: Is there anything you wouldn't be willing to pay half a penny...

Author: /time Magazine | Title: How to Understand a Trillion-Dollar Deficit | 1/11/2009 | See Source »

...Others, however, strongly support Hume’s greatness on the ground that the force of his personality definitely affected the age in which he lived. It is not a question of the cart before the horse in either case, merely a problem of which came first, the chicken or the egg. In any case, there is much to be said on both sides...

Author: By Donald Carswell | Title: Beating the System | 1/11/2009 | See Source »

...entire lives are now one long, chaotic stream of existence: waiting in line each morning to fill up containers with water from the only working tap on the ground floor of our building; baking homemade bread from the depleting supply of flour we managed to obtain a few days into the offensive; turning on the power generator for 30 to 50 minutes in the evening to charge phones and watch the news. Meanwhile, the constant in our lives has become the voice of the reporter on the small transistor radio giving reports every few seconds of the location and resulting...

Author: /time Magazine | Title: First Person: Living in Gaza, Under Starlight and Bomb Blasts | 1/10/2009 | See Source »

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