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...research institute, but shortly after his arrival, an influential technocrat, Li Kuo-ting, called Chang to his office and told him: "Think about how you want to start a company." The conversation led Chang, backed by state funding, to found Taiwan Semiconductor Manufacturing Co. (TSMC), now the world's largest chip foundry and one of Taiwan's most prominent firms. That was just one part of the island's big push. Other electronics manufacturers - makers of notebook PCs, memory chips, LCD panels and other essential components - also set up shop, establishing Taiwan as a force in the global IT industry...
...York City Let the Good Times Roll! The recession has been kind to Goldman Sachs. After reporting $23.2 billion in net revenues at 2009's halfway mark--a 31% jump from June 2008--the investment-banking giant is on track to dole out some of the largest bonuses in its 140-year history. In June, Goldman paid back the $10 billion in TARP funds it accepted, and analysts say the move underscores Wall Street's willingness, after its nuclear winter, to embrace risk once again...
...northeast, however, something is growing that could change that. Some 100 miles upstream is the proposed site of what would be one of the largest mines in the world. The Pebble Mine, if it goes forward, could produce copper and gold worth more than $300 billion at current market prices. But opponents say its development poses a toxic threat to Bristol Bay's rich fishing grounds - and to a way of life that dates back centuries. "There's a whole lot of land and water in harm's way," says Chesley, a salmon fisherman when he's not flying charters...
...opposed to the mine argue that tailings and other discharges from the Pebble project will contaminate nearby waters and harm the sensitive salmon that swim upstream to spawn. The mining industry argues that Pebble can be developed without serious risk to the environment. "We're conducting one of the largest environmental-study programs in Alaska's history," notes John Shively, CEO of the Pebble Partnership, which is overseeing the project. Moreover, the Pebble Mine offers the potential for new jobs - which are vitally needed in a region where steady employment can be hard to find, especially for Alaskan natives...
...Largest state deficits, in billions of dollars...