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Reagan's last stop in a 21-hour day was on Capitol Hill. Still buoyant, he arrived by helicopter from Andrews Air Force Base to a cheering, stomping joint session of Congress. "I can't claim we had a meeting of the minds on such fundamentals as ideology or national purpose, but we understand each other better," Reagan declared. "That's key to peace...

Author: /time Magazine | Title: Fencing at the Fireside Summit | 6/21/2005 | See Source »

...midday on Wednesday it was perfectly clear that the two men were not going to agree on the issue of strategic defense. Increasingly, the question became whether they could find any common ground on other issues, or at least enough to enable them to produce a joint statement that would provide the world with some tangible sign of progress...

Author: /time Magazine | Title: Fencing at the Fireside Summit | 6/21/2005 | See Source »

Foreign firms too are vulnerable. Russian tax authorities recently slapped BP's joint oil venture in Russia, TNK-BP, with a $1 billion back-tax bill for 2001. The move has caused dismay at BP in London and prompted chief executive John Browne to visit Moscow last month, where he met with Putin. The Russian leader reassured Browne, "We were not mistaken when we supported your decision two years ago" and praised the company for being "a good corporate citizen." Meanwhile, the Japanese tobacco company JTI, which makes Winston and Camel brands at a $400 million state...

Author: /time Magazine | Title: Emerging Markets: A New Frontier | 6/20/2005 | See Source »

Underscoring the new urgency to shift to e-health was the joint press conference held in Washington last week by Senators Hillary Clinton and Bill Frist, two potential presidential candidates who otherwise rarely get near enough to pass a communicable disease. They've got together, however, to introduce legislation that would provide seed money for local health networks and eliminate the biggest hurdle to beaming medical records to where they are needed: the lack of interoperability among the myriad systems now in use. Medical record keeping in the U.S. is in the "Dark Ages," Clinton complained. "We need to have...

Author: /time Magazine | Title: The e-Health Revolution | 6/20/2005 | See Source »

Perhaps most surprising: in China's hotly contested emerging car market, Hyundai's operation sold more cars than any other foreign joint venture in the first quarter, according to Singapore's AutoAsia, an automotive data company. In fact, with a compounded annual revenue growth of 20% over the past five years, Hyundai has been the world's fastest-growing major automaker since 1999, according to Lehman Bros. Hyundai is "putting pressure on everybody," says Rob Hinchliffe, an auto analyst at UBS. Even Toyota vice chairman Fujio Cho last year acknowledged the blur that is getting bigger in his rearview mirror...

Author: /time Magazine | Title: Hyundai Grows Up | 6/20/2005 | See Source »

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