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...increase by 2.1%. In the days following the revaluation, China's websites hummed with nationalistic criticism of Beijing for knuckling under to American pressure. "How very obedient we are!" read one typical posting on a popular bulletin board run by the People's Daily newspaper. "China will become a puppet colony that breathes the air exhaled by Western countries," read another. Beijing may have taken an important first step toward a more fair and open currency regime. But amid a world of countervailing economic interests, China must now take another step, and another, while trying not to stumble...

Author: /time Magazine | Title: The Yuan Effect | 7/25/2005 | See Source »

...Qahtani's interrogation booth changes dramatically. The interrogation sessions lengthen. The quizzing now starts at midnight, and when Detainee 063 dozes off, interrogators rouse him by dripping water on his head or playing Christina Aguilera music. According to the log, his handlers at one point perform a puppet show "satirizing the detainee's involvement with al-Qaeda." He is taken to a new interrogation booth, which is decorated with pictures of 9/11 victims, American flags and red lights. He has to stand for the playing of the U.S. national anthem. His head and beard are shaved. He is returned...

Author: /time Magazine | Title: Inside the Interrogation of Detainee 063 | 6/12/2005 | See Source »

...didn't fight the Japanese during World War II, according to Chang and Halliday, but instead welcomed their invasion of the mainland. He and Stalin planned to divide China with Japan; Mao would end up running a Soviet puppet state much smaller than today's People's Republic...

Author: /time Magazine | Title: Taking Aim at Mao | 6/6/2005 | See Source »

...allegedly orchestrating a failed 2000 coup against Cambodian leader Hun Sen; in Long Beach, California. In the attack, code named Operation Volcano, some 70 rebels unsuccessfully stormed government buildings in Phnom Penh, leaving dozens injured and eight people killed. Chhun, who has called Hun Sen's regime a puppet of Communist Vietnam, claimed at the time that the attack was a coup attempt and vowed to strike again. He and his wife also face fraud charges relating to their tax-preparation business...

Author: /time Magazine | Title: Milestones | 6/6/2005 | See Source »

Zealous new investors going into a hot field, chasing market momentum and betting huge sums on the belief that this may be a new era: it sounds disquietingly like the late-'90s day traders who went the way of the Pets.com sock puppet. Does the parallel bother Keith Weaver, who is contemplating ditching his job as General Mills operations manager for the real estate biz? Nah. "We might be riding that wave," he says. "But the wave is there. So I'm going to get on it." Weaver's plan is to ride south, into the Florida market. Max Kaiser...

Author: /time Magazine | Title: America's House Party | 6/5/2005 | See Source »

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