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...heard throughout Asia, where mounting prosperity and changing attitudes toward charity are altering the ways the wealthy give back to society. Charitable donations in the region have traditionally tended to be a private affair, with the rich quietly giving directly to needy individuals within a family, religion or village network. Now, with tens of thousands of Asians amassing fortunes so large they can no longer responsibly give away substantial sums on a personal, ad hoc basis, professionally run philanthropic foundations like those that arose in the West in the late 19th century are coming to the fore. Asia's rich...

Author: /time Magazine | Title: Learning the Art of Giving | 9/4/2006 | See Source »

...Howard and his key ministers are not aggressively selling the latest public offer; it's a more sober T-time. The prospectus will most likely focus on the company's strong balance sheet, a plan to cut 12,000 jobs and the building of a zippy new mobile-phone network; Telstra's board has promised to pay a dividend of 28? a share for the year to June 2007. On the downside, Telstra resembles an antediluvian creature, raised when fixed copper lines were king and competition on lucrative products was insignificant. It's unlikely the sale managers will have trouble...

Author: /time Magazine | Title: The New Rules on Telstra | 9/4/2006 | See Source »

...destroy anybody." Perhaps, but the hefty Financial Times can hardly be pleased. As the Standard heads for higher ground, competition among the evening free sheets could get tough. In the coming months, London's transit companies are expected to award exclusive rights to distribute within the city's subway network and train stations. Both papers' executives are "hard nosed," says Panmure Gordon's DeGroote. "These guys are about as good as it gets." And if their new entrants match the Standard for longevity, London's newest newspaper war could be a story worth paying...

Author: /time Magazine | Title: Where Free's a Crowd | 9/3/2006 | See Source »

They included not just the continued activity of the Islamic terrorist network. In the turbulent years after 9/11, new powers arose to challenge American might. Iran--thanks to raw demography, the reduction of U.S. troops in Iraq and advances in its nuclear program--emerged as the dominant power in the Middle East. Despite the trauma of financial crisis and depression, China became the new hegemon of East Asia. And Russia used its oil riches and nuclear leverage to restore its dominance over Eastern Europe, rolling back the frontier of the European Union. Although all adopted the outward forms of democracy...

Author: /time Magazine | Title: The Nation That Fell To Earth | 9/3/2006 | See Source »

...John Doerr, a founder of the Greentech Network, is a venture capitalist at Kleiner Perkins Caufield & Byers in Menlo Park, Calif...

Author: /time Magazine | Title: California's Global-Warming Solution | 9/3/2006 | See Source »

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