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...stick together and look to the long run. The firm's now pilloried entwinement with Washington (some call it Government Sachs) began in those days too, after managing partner Sidney Weinberg made the rare-for-Wall Street move of backing Franklin Roosevelt in 1932. That led to a key role for Weinberg in the World War II industrial-mobilization effort, where he got to know top executives at every major manufacturing firm in the land. After the war, these executives began to reward puny Goldman with business, most notably the giant 1956 initial public offering of Ford Motor. (Watch...

Author: /time Magazine | Title: Too Much Profit at Goldman and Morgan? | 7/27/2009 | See Source »

...about religion and that we criticize a number of our colleagues and peers in the science world who lately have made their identity all about fighting religion. That is not what we need. It's a waste of resources and it's counterproductive. We know that religion is a key block for people; not just religion but the perception that science is in conflict with their religion. The only way to remove that block is to show them that science and religion can go together. Trying to pull them all the way to atheism is just not realistic...

Author: /time Magazine | Title: How to Make Science Sexier | 7/27/2009 | See Source »

...Koreans may have reason to fret. A key plank of President Ma's economic platform is to capitalize on an expanding China to propel Taiwan's own growth. Though Taiwan firms have already shifted much low-end manufacturing to China, they have been operating under severe restrictions, such as a ban on direct travel between China and Taiwan, and limitations on investment, which put Taiwan at a disadvantage versus other economies in Asia that enjoyed greater access to the mainland. The regulations were a result of the tense political relationship between Taipei and China's leaders in Beijing, who consider...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...Spreading the Workload The offices that house the administrators of the Hsinchu Science and Industrial Park are, perhaps fittingly, dilapidated compared with the shiny high-rises and modern factories surrounding it. When the boxy building first opened in 1980, the same year as the park, its first officials were key players in developing Hsinchu into the premier center for Taiwan's electronics industry. Today, though, the idea that a bunch of bureaucrats can engineer industrial progress seems as out-of-date as the tattered furniture in the office's dark hallways. Read "Taiwan Scores Invite to WHO Meeting...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...Wanted: Eureka Moments The key to the government's grand plans is fostering innovation. Though its companies and research centers have been adept in past decades at advancing manufacturing systems and paying catch-up with the West, they haven't proven as capable of breaking new ground. To remain competitive, Taiwan has to develop its own technology, not just manufacture technology products...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

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