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...years ago, the Chinese called it their "Going Out" strategy. State-owned companies in key industries were being encouraged by the government to plant the flag of Chinese capitalism around the world by purchasing stakes in foreign companies. China was booming, flush with cash and full of optimism - naive optimism, it turned out. In 2005, China National Offshore Oil Corp., China's oil and gas giant, tried to buy Unocal, the American oil company, and learned just how xenophobic Washington could be: the deal was called off after strident objections from congressional leaders. Two years later, Beijing's fledgling sovereign...

Author: /time Magazine | Title: Buying Binge | 3/5/2009 | See Source »

...whole effect muted a bit by judicious use of off-white fabric. The other delicate touches are cast, oddly enough, by natural light streaming in from either end of the casino floor. And not only through windows - the main entrance to the Encore casino takes you through a lush, plant-and-tree-filled atrium over three stories tall. There's a certain amount of whimsy at play here too: for instance, the brightly colored butterflies inlaid into the mosaic floors. It makes the contemplation of losing at the tables almost pleasant...

Author: /time Magazine | Title: Stick It to the Recession: Wynn's Vegas Encore | 3/5/2009 | See Source »

...speaker after speaker addressed the plant-protesting crowd - from African-American activists whose cities are blanketed in pollution to protesters from Appalachia, where coal-mining has stripped the land bare - the message wasn't about polar bears or sea levels but the essential injustice of climate change. Unjust because in the U.S. and around the world it is those least responsible for climate change who will suffer the most from warming, and because it is a form of "generational theft," as one activist put it, with the young standing to inherit a ruined Earth. "My generation has blown it," said...

Author: /time Magazine | Title: Despite Snow — and Irony — a Climate Protest Persists | 3/3/2009 | See Source »

...young people were fully present, both at the Capitol plant march and over the weekend at the Power Shift conference, which brought together more 11,000 college-age activists from around the country to strategize and rally over climate change. For this generation - post-Cold War, post-9/11, perhaps post-prosperity - global warming is emerging as their issue. Averting dangerous climate change is going to take smart policy, vast technological change and brave entrepreneurs, but it will also require a popular social movement that can alter American values. Global warming is far from inspiring that kind of change...

Author: /time Magazine | Title: Despite Snow — and Irony — a Climate Protest Persists | 3/3/2009 | See Source »

...original version of this story misstated that the Capitol Power Plant supplied electricity, rather than steam and cooled water, to Congress...

Author: /time Magazine | Title: Despite Snow — and Irony — a Climate Protest Persists | 3/3/2009 | See Source »

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