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...pulling gold from the earth since the Song dynasty 1,000 years ago. But after the communist takeover in 1949, mining went dormant for decades. Personal ownership of gold was banned as a bourgeois extravagance, and production rarely broke 20 tons a year. That started to change with economic reform in the 1990s. Small wildcat operations began to proliferate, and these relatively unsophisticated outfits dominate the sector today. While countries such as South Africa, Australia, the U.S. and Canada get most of their production from a few dozen large, efficient mines, China has an estimated 2,000 mines scattered throughout...

Author: /time Magazine | Title: The Glitter Factory | 3/27/2008 | See Source »

...McCain campaign has publicly welcomed the questioning. "We're happy to debate ethical standards and commitment to reform and ethics all day long," says Rick Davis, McCain's campaign manager, pointing to the Senator's record of reform in the Senate. But Davis' own résumé, as a former telecommunications lobbyist who twice switched sides to work for McCain, illustrates the clouds circling the candidate's blue-sky reputation...

Author: /time Magazine | Title: Putting McCain to the Ethics Test | 3/27/2008 | See Source »

Picture Perfect? Callie Shell's photograph of Obama captured a frightening reality of his campaign [March 17]. Obama sits confidently consumed in his work, his feet resting atop the table. One imagines he's pondering new considerations for health care, reading aides' suggestions for education reform or reflecting on the commonalities of the American voter. But a closer look shows a copy of his best seller, The Audacity of Hope, at his heels. Why the need to have a book he wrote so close by? Is Obama really briefing himself with his own words? He had better broaden his horizons...

Author: /time Magazine | Title: A Campaign Comeback | 3/26/2008 | See Source »

Throughout the European Union, the E.U. Reform Treaty (a.k.a. the Treaty of Lisbon) is trundling toward ratification by each of the 27 member states. In the U.K., for example, the ratifying legislation has, with much acrimony, recently completed its passage through the House of Commons, and it will soon start its passage through the House of Lords. So, it is a good time to take a hard look at the nature of the treaty, and indeed to ask the question of what the E.U. is really all about...

Author: /time Magazine | Title: EU Reform: Hidden Agenda | 3/26/2008 | See Source »

...furtherance of this transition that the reform treaty is all about. Hence the notorious "passerelle" clauses, which enable matters now within the competence of individual member states to become an E.U. competence, and matters that now require unanimity to be decided by majority voting, without the current requirement of formal treaty amendment or the approval of national parliaments...

Author: /time Magazine | Title: EU Reform: Hidden Agenda | 3/26/2008 | See Source »

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