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...promising more reform. In April, China and Taiwan inked an agreement that will start the process of liberalizing cross-strait financial services. More broadly, Ma intends to forge a comprehensive economic-cooperation agreement with Beijing that would reduce tariffs on Taiwan exports to China as well as provide investment guarantees and protect intellectual property. There is a reason to hurry. In 2010, China is slated to slash tariffs on goods from nations in Southeast Asia, potentially putting Taiwan's products at a greater disadvantage in the China market. Through a bilateral trade agreement, Ma says, "We hope we can avoid...

Author: /time Magazine | Title: Building Bridges to China | 5/25/2009 | See Source »

...policymaking committee's other critical task is to reform the IMF itself. Its 24-member executive board is dominated by Western nations, and doesn't take into account the rise of new powers like Brazil, Russia, India and China - the "BRIC" nations. Under a complex system of voting rights, Italy has greater clout than Russia or India. "Belgium and the Netherlands have one seat each, the same as Brazil, which is totally absurd," says Cornell's Prasad...

Author: /time Magazine | Title: Boutros-Ghali's Developing Vision for the IMF | 5/25/2009 | See Source »

...mooing more happily than ever. Big Labor is making no sacrifices. Nuclear power plants spew no CO2 into the air and consume no foreign oil, yet a serious effort to build new ones is missing from the Obama energy plan because it offends the environmental left. Health-care reform will be massively expensive, yet the trial lawyers' lobby is not being asked to endure the cost savings that tort reform would bring to health insurance. The teachers' unions are unscathed as billions in new spending is poured into public education. Costly - and popular - farm subsidies are untouched (except for those...

Author: /time Magazine | Title: The Sacrifice Gap | 5/25/2009 | See Source »

Western aid could help alleviate some aspects of Zimbabwe's perpetual crisis. Zimbabwe is looking for about $8.5 billion to revive its battered economy, but Western donors have refused to release meaningful amounts of development aid until the new government shows evidence of true reform. Robertson asks, "Is Mugabe willing to meet the conditions [set by the West] of rule of law, etc....? He has shown he is not ready to do so." He adds, "Unless the West comes in, things like cholera outbreaks will remain, as we cannot afford to replenish our water and sewage system...

Author: /time Magazine | Title: Zimbabwe in Transition: A 100-Day Report Card | 5/23/2009 | See Source »

...lone voices. We lived through decades in this society where people just refused to believe that nuns and priests could behave in [this] way." It was Raftery's documentary film series States of Fear, broadcast on Irish television in 1999, that first brought allegations of systemic abuse in reform schools and other institutions to public attention and led to the creation of the child-abuse commission...

Author: /time Magazine | Title: For Ireland's Catholic Schools, a Catalog of Horrors | 5/21/2009 | See Source »

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