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From the days of Daley's legendary father, sometimes known as Richard the First, Chicago's national reputation as a bare-knuckle city of backroom deals by the Democratic faithful and their labor-union allies has always held a lot of truth. But Daley has professionalized the city by hiring skilled managers and burnished its business-friendly image by strengthening connections to global firms like Boeing, which relocated its headquarters to town, and to white-shoe industries like banking, financial services...

Author: /time Magazine | Title: Richard the Second | 4/18/2005 | See Source »

...division of labor is evident as the troops head out on a foot patrol through Haifa Street. Raouf's men fan out in patrol formation while the colonel and his bodyguards move through the middle. Raouf, in dark wraparound sunglasses, a pistol strapped to his thigh and a snubby machine gun dangling from his waist, waves at men sipping tea at sidewalk cafés and barks orders to soldiers as they scan the alleyways and rooftops for snipers. Johnson hangs back, surveying the street and occasionally radioing the humvees behind him. When Raouf stops to talk to a crying woman...

Author: /time Magazine | Title: Change in Command: The Iraqis Learn the Ropes | 4/18/2005 | See Source »

...Hyundai may have a harder time maintaining quality. "They're not out of the woods yet," says J.D. Power's Parker. Dwindling profit margins are another problem. The average Hyundai car retails for 10-15% less than a comparable Toyota or Honda in the U.S., but with rising labor costs and a weaker dollar, Hyundai must persuade customers to pay more so that profits keep growing. Last year, Hyundai's earnings edged up a mere 2%, while sales grew 10%. Zayong Koo, an auto analyst at Lehman Bros. in Seoul, says it could take several years before Hyundai achieves this...

Author: /time Magazine | Title: Hyundai Revs Up | 4/18/2005 | See Source »

There isn't much good news from General Motors these days. Its once dominant U.S. market share is slipping. Steel and labor costs are mounting. Profits are evaporating. But there's an unexpected bright spot in Asia: GM's South Korean unit, GM Daewoo Auto & Technology. In 2002, GM and its partners acquired the choicest assets of bankrupt Daewoo Motor for $440 million?and it looked like they overpaid. Daewoo's market share in Korea was shrinking and its factories were running at half their capacity. Union members tried to thwart the deal by rioting around the main factory near...

Author: /time Magazine | Title: Korean Turnaround Tales | 4/18/2005 | See Source »

...forced to emigrate or exiled within the Soviet Union. The remaining three reluctantly disbanded the organization, admitting, "The group cannot fulfill its duties." The New York City-based Helsinki Watch Committee this month cited estimates that as many as 10,000 political prisoners still languish in Soviet jails and labor camps...

Author: /time Magazine | Title: Noble Words, Hollow Promises | 4/18/2005 | See Source »

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