Word: hued
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...Washington's push to re-engage Pyongyang probably won't be interrupted by the naval shootout. China, which views itself as the North's big brother, has invested a fair bit of diplomatic capital in getting Kim to agree to return to diplomacy. When Obama huddles with Chinese President Hu Jintao next week in Beijing before going to Seoul, the two will probably talk about North Korea. Obama will want a sense from Hu and the Chinese as to how serious the North is about a possible nuclear deal and what the components of such a deal might be. Obama...
...Hu's Beijing-based bimonthly, with a circulation of 200,000, had a reputation for groundbreaking coverage of stories like the 2003 outbreak of SARS and shady dealings in China's financial markets. Her connections and feel for the permissible limits of sensitive issues have been credited with helping Caijing score repeated "edge balls," the Chinese term for a Ping-Pong serve that's within the lines but just barely. "We always try to find a way to [publish] something," Hu told TIME in a 2008 interview. (See pictures of the toil behind China's economic progress...
...Hu, 56, had been dueling with the magazine's publishers, the Stock Exchange Executive Council, over the distribution of revenue. She had been at loggerheads with the owners, who have recently been accused of taking a more conservative approach to the news and trying to rein in some of the magazine's more aggressive reporting. While the 11-year-old magazine had been a cash cow for the media group, it had received a smaller share of the revenues, according to current and former staffers. "The parent company milks it for a huge chunk of their revenue," says a former...
...Hu's departure follows the walkout last month of more than 60 members of the magazine's sales and advertising departments. For several weeks, Hu had been negotiating with Caijing's publishers over issues including retention of Caijing's name. The new publication she's expected to form will be called Caixin, according to the Wall Street Journal, which first reported the news of Hu's resignation...
...magazine. Staffers were told on Monday that they had until Wednesday to decide whether they wanted to leave to join Caixin, which will be a weekly magazine. The extent of the exodus of Caijing staffers is unclear, although people close to the magazine indicate a strong support for Hu's move and confidence that the new venture would be built on the independent model of the old one. "We were told that we will be doing the same thing, just with a different name and a different office," says one staffer. "We will continue to do reporting, talk with sources...