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HEADQUARTERED IN A SPRAWLING, 1950s-era complex just outside Beijing, the Shougang steel company is a symbol of China's economic prowess -- and its problems. Earlier this year, when credit was easy and the economy was steaming ahead at a 17% annual clip, the state-owned conglomerate and its 270,000 employees could hardly keep pace with consumer demand. Profits soared. Then came the credit crunch orchestrated by economic czar Zhu Rongji, and Shougang felt the sting at once. Customers slashed their orders, and soon Shougang could not pay its bills. The company last month was forced to take...

Author: /time Magazine | Title: Slipping Out of Zhu's Squeeze | 11/29/1993 | See Source »

...member of Congress for 22 years, chairman of the House Armed Services Committee for eight, Aspin owes some of his problems to lack of bureaucratic prowess -- a necessary skill in running the Pentagon. He is a frenetic man in motion, physically and mentally. He is not helped by some of the worst tailoring in Washington; only recently have aides persuaded him to stop wearing his baggy light tan suits to military ceremonies. "Les is always searching for a new idea," says one of his aides. Yes, says Congresswoman Patricia Schroeder, who serves on the Armed Services Committee, but "his folksy...

Author: /time Magazine | Title: The No-Guts, No-Glory Guys | 11/22/1993 | See Source »

While the Crimson have shown signs of football prowess with near-victories against the top three teams in the Ancient Eight (Pennsylvania, Princeton, Dartmouth), the Elis (2-7 overall) have not challenged any conference foe, save Columbia, whom they beat 35-28 the sixth weekend of the season...

Author: By Anand S. Joshi, | Title: Yale Looking to Erase Season of Discontent | 11/19/1993 | See Source »

Scalise's recruiting prowess and the Harvard program helped sway the Dudley Co-op resident from attending the Berkeley campus of the California university system. Kory's sister walked the ground where The Nude Guy made headlines, and Kory was "99 percent sure" she would be, too. But swimming there did not seem like too much...

Author: By Manlio A. Goetzl, | Title: Kory Takes Team Trail to Excellence | 11/17/1993 | See Source »

Given Perot's prowess as a debater, however, that is a very big if. The White House strategy of taking him on headfirst is risky in the extreme. But not doing so might have been even more chancy. And far too much is riding on the NAFTA vote -- for Clinton, Perot, Mexico, Latin America and the world -- for the President not to give it his best shot...

Author: /time Magazine | Title: It's Just That Close | 11/15/1993 | See Source »

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