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...Shanghai trial of four Rio Tinto executives charged with bribery and commercial espionage concluded on March 24. The Shanghai-based employees of the British-Australian mining company, who were arrested in July, confessed to accepting bribes from Chinese steel companies during negotiations over iron-ore prices. With a verdict expected within weeks, they face up to 15 years in prison. Though Rio Tinto will seek to continue to collaborate with Chinese companies, the high-profile case has shed light on the worsening environment for foreign corporations in China...

Author: /time Magazine | Title: The World | 4/5/2010 | See Source »

...sales." Add to this the reported hints of an embargo that could deprive theater owners of hit films for months. According to the industry news blog the Wrap, "Executives at the [ShoWest] exhibition trade conference in Las Vegas said Paramount had suggested it might not be so forthcoming with Iron Man 2 and Shrek Forever After if exhibitors don't find 3-D screens for Dragon...

Author: /time Magazine | Title: The 3-D Pileup: Too Many Movies, Not Enough Screens | 4/2/2010 | See Source »

...million this weekend - if it had secured all the 3-D screens it needed, which Warner Bros. could have done if it had released the film in mid-April, when Alice and Dragon would have run their course, and before the first expected smash of the summer season, Iron Man 2. But Warner decided on Easter weekend, and the swamis are now predicting a take of $70 million for Clash's opening three days. "Warner Bros.' decision doesn't make a lot of sense," Bock observes. "You don't see many other 3-D conflicts down the line...

Author: /time Magazine | Title: The 3-D Pileup: Too Many Movies, Not Enough Screens | 4/2/2010 | See Source »

Criticism of the welfare state touches a raw nerve among Germans. They have jealously guarded social benefits since they were introduced by Otto von Bismarck, the "Iron Chancellor," in the 1880s. Bismarck's system - designed to win over workers and increase productivity - guaranteed every citizen social insurance, including a pension, national health insurance and disability benefits. Westerwelle thinks that should change, and is also pushing for lower taxes and a new simplified tax system. The opposition Social Democrats branded him a "sociopolitical arsonist" while the Greens warned that the welfare state would be pared back to a "social...

Author: /time Magazine | Title: Germany: Tensions at the Top | 3/22/2010 | See Source »

...When is the right time? If not now, when? If not us, who?" Obama also had harsh words for the health-insurance industry, citing a need for greater accountability and more options for consumers. Under pressure from the White House to wrap up negotiations, Democrats in Congress struggled to iron out lingering differences between the House and Senate versions of the bill...

Author: /time Magazine | Title: The World | 3/22/2010 | See Source »

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