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...length and waist circumference--and announced she would have the honor of serving her motherland as a weight lifter. The then 14-year-old daughter of vegetable farmers had little choice in the matter. She had been chosen to be a cog in China's vast sports machine, a multibillion-dollar apparatus designed with one primary goal in mind: churning out Olympic gold medalists...

Author: /time Magazine | Title: China's Sports School: Crazy for Gold | 6/12/2008 | See Source »

...tool is not limited to multibillion-dollar funds: CSAG is also offering a free service called the Terror-Free Calculator (http://www.terrorfreecalculator.com) Very few U.S. mutual funds have so far embraced terror-free investing. But as it expands, this device will let anyone evaluate his own mutual funds. Parametric, another big asset manager, last month produced a terror-free screen of stocks that is available through intermediaries including Smith Barney, Merrill Lynch and Bank of America. Credit Suisse has also released a new terror-free product...

Author: /time Magazine | Title: Rules of Disengagement | 5/1/2008 | See Source »

...speech he compared FEMA’s inefficient Katrina response to the precision of private shipping firms like UPS and FedEx. He said, “U.P.S., FedEx and Wal-Mart can tell in real time where a package is anywhere in the world, but FEMA, despite its multibillion-dollar budget, couldn’t track many of its assets during its Katrina response…” Similarly, when Congress gathered to assess the costs of Katrina in October 2005, McCain was quick to cut budget spending to accommodate the billions of dollars required for emergency relief efforts...

Author: By Alexander R. Konrad | Title: Straight Talk Express? | 4/30/2008 | See Source »

...instability comes from the same divisions that led to Thaksin's military ouster in 2006. In the months before the billionaire-tycoon-turned-P.M. was deposed, hundreds of thousands of Thai citizens flooded the streets to rally against him. Among other things, they were incensed over a multibillion-dollar business deal in which Thaksin and his family did not pay any tax. By removing Thaksin from power, the junta may have thought it could unite an increasingly polarized country. But even after the military regime publicized a litany of complaints against Thaksin-alleged corruption, abuse of power and even...

Author: /time Magazine | Title: Soothsayer: Doom for Thailand Govt. | 4/9/2008 | See Source »

...stretch to see the venture as two men trying to step out from the shadows of their fathers. On Boxing Day 2005, the brilliant, belligerent Kerry Packer died, giving James control of Publishing and Broadcasting Ltd., the multibillion-dollar family empire. Five months earlier, Lachlan had abruptly quit as News Corp.'s third highest-ranking executive in New York City, convinced he was being overruled by underlings. According to a source, he complained to his father, News Corp. chairman Rupert Murdoch: "What's the point of me being here?" The young Murdoch and his wife, Sarah, returned to Sydney...

Author: /time Magazine | Title: Back in Business | 3/7/2008 | See Source »

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