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The reforms could fail in other ways too. Industry managers have never been trained in the complex skills needed to make a market economy work. Indiana University's Hans Thorelli, who served as a visiting professor of marketing in Shanghai and Dalian in the early 1980s, recalls being asked in...

Author: /time Magazine | Title: China: Old Wounds Deng Xiaoping | 6/21/2005 | See Source »

Some board members warned against what Herbert Giersch, director of the University of Kiel's Institute for World Economics, called a mood of "Europhoria." The good economic news has led investors to push up prices sharply on all the major stock exchanges in Europe in recent months, but Giersch warned...

Author: /time Magazine | Title: Heading into the Straightaway | 6/21/2005 | See Source »

As part of Pope John Paul II's determined campaign to enforce orthodoxy, the Vatican has taken action against a number of nonconformist theologians. First it ruled that Hans Küng of West Germany could no longer call himself a Catholic theologian; next Dominican Edward Schillebeeckx of the Netherlands was...

Author: /time Magazine | Title: Religion: Curran on the Carpet | 6/21/2005 | See Source »

Judging by the way the Euro has tumbled on currency markets in the past few weeks, you might think that voters in France and the Netherlands had rejected the six-year-old European currency rather than the planned new European Union constitution. Propelling the decline was a report--quickly denied...

Author: /time Magazine | Title: Currency: Euro-Division? | 6/20/2005 | See Source »

Indeed, the most immediate benefit of Hwang's work, assuming it can be replicated, will be to better understand how diseases develop. "Rather than having to study the patient or freshly dissected tissues from that patient, we can have a cell line of stem cells that can grow virtually forever...

Author: /time Magazine | Title: Inside the Korean Cloning Lab | 5/23/2005 | See Source »

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