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...There is some fear in Taiwan that Ma's opening to China will accelerate a hollowing out of the island's economy by encouraging companies to move there, costing jobs. Ma's policy team, though, argues closer ties will boost the economy overall because it makes it easier for executives to keep the most advanced parts of their businesses - the high-salary R&D and management divisions - at home. San says the government's vision is to turn Taiwan into an operations center for Chinese industry by supplying technical and manufacturing expertise. There are some early indications Ma's strategy...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...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...

Author: /time Magazine | Title: The World | 7/27/2009 | See Source »

...that have stymied every effort to find peace in the Middle East for a generation. The Obama Administration says negotiations between the Palestinians and the Israelis can only proceed if Israel agrees to stop settling occupied land. "The settlements have to be stopped in order for us to move forward," said Barack Obama when he met with Netanyahu in May. But for Israeli politicians on both the left and the right, even agreeing to freeze the settlements - much less dismantling them - is easier said than done. And the Katzes are one of the reasons why. (Read "Despite Jewish Concerns, Obama...

Author: /time Magazine | Title: Israeli Settlers Versus the Palestinians | 7/27/2009 | See Source »

...Wrong Move 2003 Facing a $38 billion deficit after the dotcom bubble burst, Governor Gray Davis triples the state's car tax. Incensed voters recall him. Incoming governor Schwarzenegger revokes the increase, which would have raised $4 billion annually...

Author: /time Magazine | Title: Spotlight: California's Budget Crisis | 7/27/2009 | See Source »

...Dodd’s political health deteriorate? He caught Connecticutitis. When you spend 27 years in the Senate, presidential ambitions cloud your mind. You move to Iowa and win zero delegates in the primary. Then, you get sloppy. You wait 193 days to disclose documents about your cheap mortgage from Countrywide Financial, which you oversee on the Banking Committee. And you scold American International Group, a donor to your campaign, for paying bonuses with taxpayers’ money, before admitting that you loosened the loophole...

Author: By Brian J. Bolduc | Title: Dump Dodd—Then What? | 7/27/2009 | See Source »

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