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...over 300 projects in Africa, from low-cost housing to schools to mining ventures. Li, a key player in the blossoming romance between China and Africa, said he's visited more than 20 African nations in the past year alone. Others are eyeing the region more intently, too. A panel of moneymen from companies like JP Morgan and Barclays Capital spoke of mounting enthusiasm among foreign investors for leveraged buyouts of African firms, prompting bullish talk that Africa may be private equity's "next frontier...

Author: /time Magazine | Title: Where Investors Fear to Tread | 6/28/2007 | See Source »

...Office of Management and Budget. The Long Island newspaper Newsday broke the story that Giuliani was a virtual no-show as a member of the Iraq Study Group - he was too busy making million-dollar speeches and other appearances, the article claimed - and resigned from the blue-ribbon panel after being told he must either pull on an oar or get off the boat. And then there was the fact that Giuliani's own successor as New York Mayor, Michael Bloomberg, stole the campaign spotlight this week by bolting the G.O.P. and becoming an independent, stoking speculation that he might...

Author: /time Magazine | Title: Will Rudy's Get-Tough Image Backfire? | 6/21/2007 | See Source »

...very least some bulletproof vests. Robert Stellingworth, president of the non-profit New Orleans Police and Justice Foundation, told the panel how private funds were needed to replace police body armor lost in the floods since the city-whose tax base has fallen off precipitously since the disaster-couldn't afford it and FEMA couldn't guarantee that it could reimburse the city to replace the waterlogged vests. It's not exactly what an officer in one of the nation's most gun-ridden cities wants to hear. "You just cannot ask officers to worry about whether FEMA's going...

Author: /time Magazine | Title: New Orleans: Police Still Underfunded | 6/20/2007 | See Source »

...finalized Senate immigration bill - the other seven legislators facing the media that day were all Republicans. But the freshman North Carolina Democrat, one of only six members of his party in the 104-member House Immigration Reform Caucus, didn't mind being the lone Democrat on that panel: Elected with just 54 percent of the vote in 2006, his seat is a major Republican target in 2008, and the No. 1 issue he hears about when he goes home is immigration...

Author: /time Magazine | Title: Reluctant Dems on Immigration Reform | 6/19/2007 | See Source »

...both John Dingell, chairman of the powerful House Energy and Commerce Committee, and Bart Stupak, chairman of the panel's oversight subcommittee, have indicated that they intend to raise pointed questions about the episode directly with Secretary Bodman. Dingell told TIME: "Despite multiple recent appearances before our Committee, many officials with specific knowledge of this security breach never informed us, and apparently presumed that taxpayers should be left in the dark...

Author: /time Magazine | Title: Anger Over Nuclear Secrets Leak | 6/14/2007 | See Source »

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