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...1980s by a wave of largely rural entrepreneurs were stalled, and officials sought to reassert authority. In this "great reversal," Beijing's Xiushui Market, a thriving shopping area popular with tourists, was effectively expropriated by the city. The entrepreneurial founder of Kelon, China's most successful refrigerator maker, had his company seized in a backdoor takeover by local officials who then ran it into the ground. Land grabs by officials intent on real estate development soared. Rural credit cooperatives backed away from entrepreneurial finance and morphed into "policy pawns and cashiers of local government." The government abandoned attempts to develop...

Author: /time Magazine | Title: The Aborted Revolution | 1/14/2009 | See Source »

...Offense on the block was the difference-maker Saturday, when a physical Big Green frontcourt held Crimson forwards senior Katie Rollins and sophomore Emma Markley in check. Rollins chipped in a solid eight points and six boards, but Markley, the team’s leading scorer at 14 points a contest, shot just 1-for-4 from the field for two points. Dartmouth center Darcy Rose and sisters Brittney and Margaret Smith doubled the forwards on every touch...

Author: By Emily W. Cunningham, CRIMSON STAFF WRITER | Title: Harvard Drops Ivy Opener at Home | 1/11/2009 | See Source »

Merckle began small, taking over a family company with just 80 employees in 1967. In the following years he transformed it into a vast corporate empire of 120 companies that generate revenue of some €30 billion, employ around 100,000 people and range in concerns from generic-drug maker Ratiopharm to Germany's biggest cement maker, HeidelbergCement. An unassuming lawyer, he was Germany's fifth richest individual and 94th on Forbes' list of the world's richest people, with a net worth estimated at nearly €7 billion ($9.2 billion...

Author: /time Magazine | Title: Financial Casualty: Why Adolf Merckle Killed Himself | 1/6/2009 | See Source »

...couldn’t possibly live without. Resolutions are tricky things—it’s not easy to find a goal that you can work toward for an entire year that you can also actually achieve. Too many resolutions also prove too abstract to measure, leaving their maker with an unfinished feeling...

Author: By Marcel E. Moran | Title: Lend Your Ears | 1/6/2009 | See Source »

Buchanan says it is too early to call for a ban on such drivers - or for golfers to give up the new clubs they got for Christmas. (Acushnet Europe, maker of the King Cobra LD, said it was reviewing the study but declined further comment.) There have been no population studies to date, and, while golf may be a popular game among retirees suffering from age-related hearing loss, there has been no indication of increased inner-ear damage among younger, healthier players. That may be because the titanium clubs have become popular only in the past decade, and ultra...

Author: /time Magazine | Title: Golfer's Ear: Can Big Drives Hurt Your Hearing? | 1/5/2009 | See Source »

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