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Union Carbide's Institute facility, one of many plants that dot West Virginia's "Chemical Valley," has been a source of public concern for almost a year. Its output includes methyl isocyanate (MIC), the gas that killed 2,500 people and injured 200,000 when it leaked from a Union Carbide unit in Bhopal, India, last December. After that horror, the manufacturer shut down Institute's MIC unit for five months and spent $5 million improving its safety and production equipment...

Author: /time Magazine | Title: Under a Noxious Cloud of Fear | 6/21/2005 | See Source »

...that has already cost thousands of lives. By repeatedly attacking Kharg, the Iraqis hope to reduce if not halt the oil exports that provide the revenues needed to bankroll Iran's war effort. A string of air attacks in September, including low-altitude buzz bombing, temporarily stopped petroleum output at the terminal. If Kharg is totally disabled, Iran has threatened to choke off traffic through the 20- to 30-mile-wide Strait of Hormuz. The U.S. has said it would interpret closure of the passage as a strategic threat...

Author: /time Magazine | Title: Oman: Guardian of the Strait | 6/21/2005 | See Source »

...life is getting better, fast, for many Chinese. Industrial production has leaped along with food output. Early in 1985 it was increasing at an annual rate of 23%, a pace Deng and his planners judged too rapid. They ordered a slowdown to avoid shortages and worsening inflation. In Mao's days, Chinese consumers dreamed of buying the "three bigs": a bicycle, a wristwatch and a sewing machine. Now the three bigs are a refrigerator, a washing machine and a TV set. "Imagine," says a Western diplomat. "Some people living in the heart of Guizhou province now see the evening news...

Author: /time Magazine | Title: China: Old Wounds Deng Xiaoping | 6/21/2005 | See Source »

...countries, notably Indonesia, fear that a strong, modern China may eventually try to reduce them to a kind of political vassalage. A much more immediate consideration: China is already becoming a powerful economic competitor for such industrializing Pacific Rim countries as Taiwan, Thailand, Singapore and South Korea. Rising agricultural output has enabled China to become a net exporter of grain. Exports of other goods as diverse as toys and oil are increasing too. Low wages enable China to compete on price with any of the developing countries. And China can offer its trading partners in the industrialized world the lure...

Author: /time Magazine | Title: China: Old Wounds Deng Xiaoping | 6/21/2005 | See Source »

...China's nonfarm work force. Roughly 1.7 million collectives employ an additional 100 million workers; in several provinces they have become the dominant form of business. Nationwide, though, more than 85,000 state-owned enterprises account for a heavy majority of jobs and four-fifths of China's industrial output. Until very recently they operated under a system that Mao had copied from Stalin: ministries in Peking assigned all raw materials and dictated all investments, told every factory manager what and how much to produce and where to sell it and at what price, set wages and assigned jobs, took...

Author: /time Magazine | Title: China: Old Wounds Deng Xiaoping | 6/21/2005 | See Source »

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