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...provinces and municipalities. Multinational companies operating in China, among them General Motors and Panasonic, were forced to shift their production schedules to off-peak hours, which lost them days of work, while thousands of local companies suspended operations entirely as available energy was funneled to foreign and joint-venture firms to keep their assembly lines humming. The electricity crunch hit China's fastest-developing eastern and southern regions the hardest, as overtaxed power plants simply couldn't keep up with the pressure from energy-intensive industries such as steel and cement. As a result, a province like Zhejiang...

Author: /time Magazine | Title: China's Long, Dark Summer | 6/28/2004 | See Source »

...design and function that fits perfectly into the emerging digital home. Last year LG was the world's largest seller of mobile phones operating on the CDMA standard (a type of mobile-phone technology). It makes dazzling flat-screen televisions and other leading-edge gadgets. LG.Philips LCD, a joint venture formed in 1999 with Royal Philips Electronics, became the world's biggest maker of the LCD panels used in flat-screen TVs and monitors in 2003, with 22% of the global market. The unit's operating profit soared 307% last year, to $935 million...

Author: /time Magazine | Title: Getting Religion | 6/21/2004 | See Source »

...that capitalizes on the digital home. Last year LG was the world's largest seller of mobile phones operating on the CDMA standard, which allows more people to use a network at the same time. It makes dazzling flat-screen TVs and other leading-edge gadgets. LG.Philips LCD, a joint venture formed in 1999 with Royal Philips Electronics, became the world's biggest maker of the LCD panels used in flat-screen TVs and monitors in 2003, with 22% of the global market. The unit's operating profit soared 307% last year, to $935 million...

Author: /time Magazine | Title: Outward Bound | 6/21/2004 | See Source »

DEFENSE Kerry opposes some big-ticket items like the Lockheed Martin joint strike fighter. But Gallagher says any sell-off in Lockheed or other defense stocks related to Kerry proposals would be a buying opportunity because no matter who wins, defense spending is going up--more under Bush. You're voting not just for President but for certain kinds of stocks as well...

Author: /time Magazine | Title: Investing: Taking Stock Of Your Vote | 6/21/2004 | See Source »

...control, much of it in the Pentagon's spy satellite programs. A Goss aide said the bill would give the CIA director authority over 70 percent of the intelligence budget. According to a fact sheet, Goss' bill would implement many of the recommendations issued in December 2002 by a joint inquiry into 9/11 by the House and Senate intelligence committees, and it would boost the director's authority to wield more management power than some critics believe outgoing Director George Tenet has mustered. The chairman of the September 11 Commission told TIME he expects that his panel will review Goss...

Author: /time Magazine | Title: CIA Wants Cheney Out of Senate Intel Report | 6/21/2004 | See Source »

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