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...earliest, state-produced watches in China, Chan says, came from the Shanghai Watch Factory, founded in 1955 - six years after the declaration of the People's Republic. Rare handmade 1956 Shanghai prototypes of the Heping (meaning "Peace") and Dong Fang Hong (or "East is Red") models are the favorites in Chan's extensive collection. They were based on a classic Swiss movement, and Chan acquired them from private collectors for a few hundred dollars each...

Author: /time Magazine | Title: Socialist Movements | 4/10/2008 | See Source »

...Chan snapped up his A623 in an online auction for just under $150 - underscoring the fact that early communist-era Chinese mechanical watches are within the financial reach of almost anyone. "Even many rare models can still be found for [around] $75," Chan says. To be sure, some pieces occasionally fetch impressive sums (a 1955 Shanghai Watch sold at auction for over $15,700 in 1996), but for the moment no one is talking about the investment value - only the pleasure of getting your hands on a quaint piece of revolutionary history...

Author: /time Magazine | Title: Socialist Movements | 4/10/2008 | See Source »

...hiring, Smith said that arresting growth is necessary so that upcoming projects, including expansion into Allston and improvements to pedagogy, can be implemented without running out of “resource headroom.”A FIRM HANDAlso at yesterday’s meeting, the Faculty voted on a rare motion to dismiss a student from the College. Such motions are tantamount to a permanent severance of ties with Harvard. A two-thirds vote by the Faculty is required to pass the motion, and the action can only be reversed by another Faculty vote. In most cases, disciplinary action against...

Author: By Aditi Balakrishna, Maxwell L. Child, and Christian B. Flow, CRIMSON STAFF WRITERSS | Title: Faculty Hiring Will Slow, Smith Says | 4/9/2008 | See Source »

...expat community of Asia in the 1980s, single mothers were rare, and Ann stood out. She was by then a rather large woman with frizzy black hair. But Indonesia was an uncommonly tolerant place. "For someone like Ann, who had a big personality and was a big presence," says Zurbuchen, "Indonesia was very accepting. It gave her a sense of fitting in." At home, Ann wore the traditional housecoat, the batik daster. She loved simple, traditional restaurants. Friends remember sharing bakso bola tenis, or noodles with tennis-ball-size meatballs, from a roadside stand...

Author: /time Magazine | Title: The Story of Barack Obama's Mother | 4/9/2008 | See Source »

...announced his resignation. Meanwhile, the Cabinet itself, which used to serve as a presidential advisory board, no longer serves as much of anything. There hasn't been a truly important Cabinet meeting since Bill Clinton gathered his aides to admit his lapses with Monica Lewinsky; the meetings are increasingly rare and heavily ceremonial, which makes sense, because what CEO in his right mind would invite 21 executives to a substantive meeting? Bush already knows his plans for Iraq; he doesn't need the opinion of Susan Schwab or Stephen Johnson - and yes, you get a gold star if you knew...

Author: /time Magazine | Title: Who Needs a Poverty Czar? | 4/9/2008 | See Source »

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