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There are a few Monterrey-headquartered firms making their way into the world-class league, like Vitro, which manufactures glass. Another is Cemex, the cement behemoth, with $15.3 billion in sales last year--the world's largest producer of ready-mix concrete. It recently made a $12.8 billion bid for Rinker Group of Australia that would be the largest acquisition ever by a Mexican firm and would strengthen Cemex's already leading position in the U.S. market. Such success puts the city on a trajectory pulling further and further ahead of much of the rest of the country. Mexican states...

Author: /time Magazine | Title: Mexico's Paradox | 11/13/2006 | See Source »

...which is supported by $1 billion of annual federal spending on scientific and technological research and focused on building up Ciudad del Conocimiento (Knowledge City), mandated to germinate new business clusters in biotechnology and information technologies. Monterrey has more than 30 colleges, with some 150,000 students enriching the mix, but it's not Boston yet. Still, when Michigan-headquartered Whirlpool, which in recent years has been pumping in an additional $100 million a year to its expanding production facilities here, decided to establish an R&D center in Monterrey recently, it found it could easily source almost...

Author: /time Magazine | Title: Mexico's Paradox | 11/13/2006 | See Source »

...doesn’t help matters that your Council of Masters strives to shield you from the light by ceasing to provide shuttles to transport you from your misery. But keep your chins up; Harvard has a charitable side. Despite having to rummage aimlessly through your wasteland and mix with your lot the night before last year’s game, free parties await you on Friday night...

Author: By The Crimson Staff | Title: Elis: Don't Be Losers | 11/13/2006 | See Source »

Ever since Woodrow Wilson draped foreign policy with a mantle of idealism by declaring that the U.S. should enter World War I to make the world safe for democracy, American leaders have tended in public to stress the idealist elements of the mix when justifying a foreign involvement. That's what President Bush's father did during the first Gulf War when he emphasized, rightly, the moral justifications for defending Kuwait against Iraq's aggression. But James Baker made a gaffe (defined by Michael Kinsley as a politician accidentally saying something true) by stating the obvious, which was that Kuwait...

Author: /time Magazine | Title: The Return of the Realists | 11/12/2006 | See Source »

...conviction was overturned on the grounds that East Germany had been a sovereign state for which he had been entitled to spy. He was later convicted on kidnapping-related charges, but received a suspended sentence. That left him free to reinvent himself, which he did with a mix of cynicism and egotism he might have admired in any of his best agents. Always immaculately dressed and well-spoken, he became a minor public figure. In addition to his memoirs, he wrote a cookbook, Secrets of Russian Cooking, that compared the creativity and craftsmanship of cooking to that of spying...

Author: /time Magazine | Title: The Faceless Man Who Perfected Sex in Spying | 11/10/2006 | See Source »

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