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...goods China sells to the U.S. each year -- everything from steel pipes to shirts, sneakers and stuffed animals. According to the argument Clinton seems to have bought, taking away MFN would hurt both the Chinese and U.S. economies because Beijing would retaliate against American firms that are creating a multibillion-dollar market in China and in the process penalize the most progressive sector of Chinese society, its burgeoning entrepreneurial class. The anger of the regime might even worsen the plight of ordinary Chinese citizens...

Author: /time Magazine | Title: Twisting Off the Hook | 5/30/1994 | See Source »

...Lincoln at Gettysburg or Nixon Agonistes, Certain Trumpets has an offhand quality; it resembles an actor's phoned-in performance. There are also moments when Wills strains mightily to make a case, notably in the chapter on Perot. Wills argues that Perot, who built Electronic Data Systems into a multibillion-dollar enterprise before peddling it to GM, improved on the theories of two corporate legends who made salesmanship a near science: John Henry Patterson of National Cash Register and Thomas Watson of IBM. Perhaps so, but even by Wills' narrow definition of business leadership -- that it mostly...

Author: /time Magazine | Title: BOOKS: Following the Leaders | 5/9/1994 | See Source »

...college coach (Nick Nolte) fights for traditional values against venal alumni who want to buy the best players. But the film avoids the hard truth that even traditional values in big-time college sports are a shuck. Education is just the fig leaf for the only multibillion-dollar entertainment conglomerate in which the entertainers (the players) don't get paid. The Nolte character, like any college coach, is the overseer of slave labor...

Author: /time Magazine | Title: CINEMA: Nice Guys Finish First | 4/11/1994 | See Source »

...Collins up to the role? If not, it is hard to imagine who would be. He is a natural performer whose stage presence and easy eloquence make him a persuasive spokesman for the multibillion-dollar genome project on Capitol Hill. He is a workaholic who logs 100-hour weeks and flies more miles in a month than most people do in a lifetime. He is an empathetic clinician who agonizes when delivering a devastating diagnosis...

Author: /time Magazine | Title: Riding the Dna Trail | 1/17/1994 | See Source »

Desire has cash value; the market has no rules, possesses no scruples. From Eastern Europe to the Himalayas, from Tokyo to Tegucigalpa, transaction by sordid transaction has created a multibillion-dolla r sex trade. It is encouraged by massive socioeconomic movements: the collapse of the Soviet empire, the increase in global mobility, the wrenching disparity of worldwide incomes. But its effect is most devastating on an individual level. Poor women and children are commodities traded on the street, products bartered, haggled over, smuggled and sold as hedges against hunger or as cruel but quick routes to profit. Souls...

Author: /time Magazine | Title: Prostitution: The Skin Trade | 6/21/1993 | See Source »

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