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...Panama by the end of this year. But that has some U.S. hawks worried. Both Buchanan and Senate Majority Leader Trent Lott have cited a Chinese threat in the isthmus, based on the fact that the company contracted to operate the canal is Hong Kong-based Hutchison Whampoa Ltd., which they assert has links to the Chinese military. But Lott's warning in August that "U.S. naval ships will be at the mercy of Chinese-controlled pilots and could even be denied passage by Hutchison" and Buchanan's charge last week that the transfer compromises national security may be somewhat...
...Carter sold the handover treaty to Congress, there was much whining about turning the canal into little more than an expensive toll road. The latest version of this anxiety adds a national security tweak: fear of China. In 1997, the Panamanian government finalized a rich deal with Hutchison Whampoa Ltd., based in Hong Kong, to run two ports near the entrances to the canal. American-owned Bechtel lost out to Hutchison under a less than transparent bidding process...
...fact, the money could disappear tomorrow, leaving Japan with a still troubled economy. A rising Nikkei may seem to tell the world that Japan is back, but the Japanese--and some wary foreigners--insist it is not. Says Andrew Shipley, senior economist at Schroders Japan Ltd. in Tokyo: "This is a temporary respite from severe and chronic deflationary pressure...
...browbeat the chef: "It tastes like a black plastic bag," he whined, pointing to his tuna roll. "I can't eat the bahhhg-tasting thing!" Figuring he was a fellow critic, I struck up a conversation. The man turned out to be Joe McAllister--CEO of Monimals Trading Co. Ltd. of London! "Where can you buy those damn things?" I asked. It was the beginning of a beautiful friendship that has at last allowed me to answer the biggest question of our TIME: You can find Monimals at the Electronic Boutique chain. Or call 1-800-948-6777 to order...
...unemployment rate hovering around 20%, that Caribbean nation needs all the economic help it can get. And who is the largest private exporter of Dominican sugar? The Fanjuls, thanks in part to their long-standing relationship with the Dominican Republic's politicians. Through a subsidiary, Central Romana Ltd., the brothers grow sugar cane and operate the world's largest sugar mill there. The profit margin is substantial, partly because cane cutters on the island earn about $100 a month, making production costs much lower than in Florida. From their Dominican plantation the Fanjuls export roughly 100,000 tons...