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Because the Continental starts at $177,600, the decision by Rolls-Royce to price the Ghost at $245,000 was a "quite deliberate" maneuver to create a niche market just above Bentley's more affordable model, says Paul Newton, an automotive analyst for the consulting firm IHS Global Insight. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Rolls-Royce Unveils a Recession-Ready Limousine | 7/27/2009 | See Source »

...tell that to Paul Wu, the park's director of investment services. He and his colleagues are scheming to make Hsinchu as important to Taiwan's future as it has been to its past by attracting companies in cutting-edge industries such as alternative energy. Not far away, the government this year opened a new park for biotechnology and other medical-business start-ups. "This is the time for the park to transform from old-fashioned capital-intensive industries to intellectual-based ones," Wu says...

Author: /time Magazine | Title: Taiwan: How to Reboot the Dragon | 7/27/2009 | See Source »

...interest, the $10 billion that taxpayers gave it in October. It's making bets and taking risks again (most of the profits came from Goldman's trading operations), which is what capitalism is about. "Is there a law in the United States that you can't make profits?" Democrat Paul Kanjorski, a senior member of the House Financial Services Committee, asked the day of the earnings report...

Author: /time Magazine | Title: The Moment | 7/27/2009 | See Source »

...some of these initiatives all the way, "taking it upon himself," as a top adviser put it, to make the hard-line national-security case to the President. Cheney didn't lose every fight, but he was no longer winning them all either. And his backup vanished. Pentagon official Paul Wolfowitz moved to the World Bank in early 2005. Libby was indicted in October of that year and left the government. John Bolton resigned his post as U.S. ambassador to the U.N. the same month Rumsfeld left the Pentagon in 2006. Cheney's allies no longer manned the key points...

Author: /time Magazine | Title: Inside Bush and Cheney's Final Days | 7/24/2009 | See Source »

...California resolution moved quickly through the state legislature since it was first introduced in February. "It's symbolic to recognize that the state made mistakes," says assembly member Paul Fong, who co-sponsored the legislation with assembly member Kevin de Leon. "These laws reverberate to this date because racism still exists." (Read about a new Asian-American stereotype in TIME'S 1987 cover story...

Author: /time Magazine | Title: California Apologizes to Chinese Americans | 7/22/2009 | See Source »

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