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...Temporarily, at least, the announcement should also placate hawkish politicians in the U.S. and Europe who were lobbying for protectionist measures to stem the tide of Chinese imports. Legislation in the U.S. that would have imposed a 27.5% tariff on all Chinese imports if Beijing didn't revalue?a measure that received an unexpected level of support in the Senate earlier this year?now appears to be going nowhere. Also easing anti-Chinese sentiment in the U.S. were setbacks last week to two attempted acquisitions of U.S. firms by Chinese companies. Mainland appliance maker Haier dropped its $1.28 billion offer...

Author: /time Magazine | Title: The Yuan Effect | 7/25/2005 | See Source »

...abandoning past agreements and blocking new ones, Gorbachev likewise is faced with comrades who want to hold even partial progress on arms control hostage to massive American concessions on SDI. As a result of what happened last week in Geneva--however modest that result may be in substance--those hawkish views are less likely to prevail in either capital. --By Strobe Talbott

Author: /time Magazine | Title: Arms Control: Maneuvering Around Square One | 6/21/2005 | See Source »

...dissonance on how to deal with China. "We have the best relations [with China] that we've had in some time--perhaps ever," said Secretary of State Condoleezza Rice on her recent tour of Asia. Yet on June 4 in Singapore, Defense Secretary Donald Rumsfeld made headlines with a hawkish speech, asserting that "China's defense expenditures are much higher than Chinese officials have published." Rumsfeld continued, "Since no nation threatens China ... why these continuing large and expanding arms purchases? Why these continuing robust deployments?" The next day, Rice tried to square the circle. "I think that both happen...

Author: /time Magazine | Title: Small World, Big Stakes | 6/20/2005 | See Source »

...unlikely new executive of an institution focused on improving living standards in the developing world, he is racing to get up to speed on everything from the price of coffee beans in Rwanda to the salaries of schoolteachers in Brazil. Having served four years as Donald Rumsfeld's hawkish deputy at the Pentagon, Wolfowitz suddenly finds himself on the front line of another war: the global battle against poverty, a cause that has lately attracted Hollywood's interest but whose details are anything but glamorous. And so it wasn't entirely surprising that on a four-country swing through Africa...

Author: /time Magazine | Title: The Other Side Of Paul Wolfowitz | 6/19/2005 | See Source »

...wanted to accomplish as Prime Minister. "I believe that only I can bring peace," Sharon replied. That was enough for Adler to work with. He and a team of Sharon advisers, including p.r. man Eyal Arad and U.S.-based political strategist Arthur Finkelstein, focused the campaign not on the hawkish-sounding theme of security but on peace. They produced a bumper sticker--ONLY SHARON CAN BRING PEACE (it kind of rhymes in Hebrew)--and TV ads with soft music showed Sharon strolling the fields on his farm and hugging his granddaughter. There were only a few references to the security...

Author: /time Magazine | Title: The Man Who Turned Sharon Into a Softie | 5/15/2005 | See Source »

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