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...could open up other opportunities for the firm too. "This will help us do business with certain retailers in the world which we haven't been able to before--like Wal-Mart," says Bruce Rockowitz, president of Li & Fung's trading division. The Fungs "tend to be visionary," says Paul McKenzie, head of consumer research in Hong Kong for investment bank CLSA, "and get positioned early for change...

Author: /time Magazine | Title: Exports: Trading Up | 11/15/2007 | See Source »

...fires. The goats could become part of the firefighters' arsenal, as important as trucks, hoses and protective gear. Incentives from insurance companies could help defray the added costs of masonry-and-metal construction as Californians rebuild. With fewer fires in the future, insurance companies would stand to profit substantially. Paul A. Winder, Fort Lauderdale...

Author: /time Magazine | Title: Inbox | 11/15/2007 | See Source »

...Liberals, rather than questioning the moral tenability of such a position—whether choice for some and nothing for others is acceptable—often make an argument based on efficiency. New York Times columnist Paul Krugman, for one, suggests governments are necessary to correct for market failure. Those who need care the most, the chronically sick or diseased, are denied insurance. As a result, their conditions worsen, debt accumulates, and the public must eventually pick...

Author: By Will E. Johnston | Title: Putting the Horse Before the Cart | 11/14/2007 | See Source »

Underknown culturally, Australia is also politically obscure. Why? Because we're so well behaved. We are not the mouse that roared. Historically, we have rarely even contemplated roaring. As former Prime Minister Paul Keating has pointed out, Australia has always been short of the defining value systems that are gained through conflict. We have never had a civil war or a revolution. We have never been invaded--though we nearly were during World War II, by the Japanese. We are piteously short of good political scandals and low on graft. Nobody has ever called us a Great Satan or even...

Author: /time Magazine | Title: The Real Australia | 11/14/2007 | See Source »

...growth of republican feeling in Australia coincided with, and was strongly encouraged by, the prime ministership (1991-96) of Paul Keating, a brilliant and abrasive Laborite much feared for his insults ("pansies" and "unrepresentative swill" were among the milder epithets he launched at his foes in parliamentary debate) and greatly misunderstood for his tastes: given his passions for antique French clocks and Georgian furniture, Keating was the most cultivated Australian ever to serve as Prime Minister. The movement's chief unelected backer was a formidable young merchant banker named Malcolm Turnbull. (Full disclosure obliges me to say that Turnbull...

Author: /time Magazine | Title: The Real Australia | 11/14/2007 | See Source »

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