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...require massive investment. Ten new plants costing around $20 billion will start up between now and the end of 2005, increasing the industry's production capacity by 70% next year. Even more are on the drawing board. In August, Japan's Hitachi, Matsushita and Toshiba announced a $1 billion joint venture to produce LCD panels starting...

Author: /time Magazine | Title: Flat Chance | 11/22/2004 | See Source »

...signs of a shake-out. In September, Taiwan's Chi Mei Optoelectronics halted construction on a panel factory. Japan's Mitsubishi Electric said it will phase out production of large LCD panels altogether, filling its TV sets with panels made by other companies. Even market leader LG.Philips LCD, a joint venture between Korea's LG Electronics and the Netherlands' Royal Philips Electronics, reported a 15% drop in net profit in the third quarter due to a decline in panel prices. Competition will only intensify as Chinese companies like BOE Technology expand their production next year. LG.Philips LCD and Korean rival...

Author: /time Magazine | Title: Flat Chance | 11/22/2004 | See Source »

...HIROSHIMA: Hiroshima International Dojo Join housewives and school kids as they perfect their joint locks and breakfalls at evening classes held in a spacious high school gymnasium, tel: (81-82) 211 1271. Three foreign instructors, including International Aikido Federation chairman, Peter Goldsbury, provide individual attention. Membership is about $16 a month, but classes are free to prospective students...

Author: /time Magazine | Title: Yoga Is for Wimps | 11/22/2004 | See Source »

...companies are piling in. In addition to the Conoco deal, Britain's BP is investing a whopping $7 billion in a joint venture that controls huge fields in western Siberia, and in September France's Total agreed to pay $1 billion for a 25% stake in Novatek, Russia's largest private gas producer. Many other companies, including ChevronTexaco, PetroCanada and Norway's Statoil, are trying to get a foothold. All three recently signed preliminary agreements to work with state-controlled Gazprom, an oil-and-gas behemoth in which Germany power company E.On holds a 6% stake. There is widespread speculation...

Author: /time Magazine | Title: Russia: Power Play | 11/22/2004 | See Source »

...judo and kendo competitors, this grand 100-year-old wooden pavilion hosts classes in shodokan aikido. They are taught by the formidable Nariyama Shihan. Enrollment fee is $55, plus monthly dues. tel: (81-6) 6622 2046. HIROSHIMA: Hiroshima International Dojo Join housewives and school kids as they perfect their joint locks and breakfalls at evening classes held in a spacious high school gymnasium. Three foreign instructors, including International Aikido Federation chairman, Peter Goldsbury, provide individual attention. Membership is about $16 a month, but classes are free to prospective students. tel: (81-82) 211 1271 TOKYO: Roppongi Yoshinkan Aikido Dojo Housed...

Author: /time Magazine | Title: Yoga Is for Wimps | 11/18/2004 | See Source »

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