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...tried to argue that, without capital market liberalization, one could not entice foreign investors. Yet China had attracted more foreign direct investment than any other developing country, and it has still not fully liberalized its capital market. By the end of the 1990s, it was hard to resist the mounting evidence. Every major emerging market that had liberalized its capital market had had a crisis; the two major countries that had not, China and India, had not only avoided the East Asian crisis, but managed to grow steadily throughout the period. Finally, to its credit, the IMF took note...

Author: /time Magazine | Title: An IMF Report Card | 9/14/2003 | See Source »

After the team came back on stage in its new gear, Burton couldn’t resist bringing up just one more thing...

Author: By Jane V. Evans, CONTRIBUTING WRITER | Title: M. Swimming Makes a Splash On MTV’s TRL | 9/10/2003 | See Source »

...variety of companies and laboratories, some fostered by Washington, are rushing to produce technologies that address our deepest post-9/11 fears. Many will come on line in the next year or two. The effort recalls the last time we launched a concerted attempt to resist a mortal threat: World War II's Manhattan Project, which produced the Bomb. This time the enemy is murkier and the battle more diffuse. "There isn't going to be one big breakthrough, one killer app," warns Katrina Heron, former editor of Wired, who along with David Kuhn is co-editing a book...

Author: /time Magazine | Title: Will We Be Safer? | 9/8/2003 | See Source »

...comparisons between Schwarzenegger and the last actor to be elected Governor of California are hard to resist. But by the time Ronald Reagan ran for office, he had spent a decade cultivating powerful backers and honing his ideas on the political-dinner circuit as a spokesman for smaller government and unfettered business. When then Governor Pat Brown dismissed Reagan as capable of doing nothing more than reading the scripts that had been written for him by hired speechwriters, the future President shrewdly changed the format of his appearances to question-and-answer sessions with his audiences. "Well, it worked like...

Author: /time Magazine | Title: All That's Missing Is the Popcorn | 8/18/2003 | See Source »

...hour, year-by-year celebration of '70s trash culture: the Partridges and the Mod Squad, Underoos and Underalls, CB radios and est. It's the kind of empty-calorie video flypaper at which VH1 excels. Channel-flip across it and, try as you might to resist, say goodbye to the next two hours of your life. Filled out with reminiscences from every B-list celeb who ever came within 50 yds. of a VH1 camera (Ed's Michael Ian Black, Good Day Live's Jillian Barberie, porn star Ron Jeremy), it's a bit skimpy on analysis. (Here's "actor...

Author: /time Magazine | Title: Those Other '70s Shows | 8/18/2003 | See Source »

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