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Globalization, it turns out, means what the word implies. It is not just a ploy by domestic companies in the rich world to boost profits by outsourcing work to call centers and low-cost factories overseas. It involves a transformation of economic relations, not only because processes can be shifted from one nation to another, but because ownership and control of crucial economic assets is becoming ever more widely distributed. Though the Industrial Revolution's crucible 200 years ago was the Atlantic world, there has always been economic activity and wealth elsewhere. Now, investors and entrepreneurs from anywhere can hazard...

Author: /time Magazine | Title: A Man Of Mettle | 12/16/2006 | See Source »

...bones," the turtle shells and cattle shoulder blades dating from the 13th and 14th centuries B.C. that bear China's first known writing-mostly prophecies. Hessler, who writes about China for the New Yorker, has fashioned his own oracle bone: a lyrical, sharply observed meditation on the country's rich past, frantic present and uncertain future. We meet obtuse bureaucrats, idealistic scholars and young people on the make. Mostly, Hessler focuses on four people: Emily, who gives up her well-paid factory job to train as a teacher of disabled children; Willy, a gifted young English instructor who blows...

Author: /time Magazine | Title: Best Asian Books of 2006 | 12/16/2006 | See Source »

...equalize resources between rich and poor communities, the report recommends that school districts be directly funded by the state, receiving funds according to the needs of their student populations rather than the property taxes of the local community...

Author: /time Magazine | Title: A Call to Action for Our Schools | 12/15/2006 | See Source »

...York Times reporter Adam Clymer remembers once asking then-Majority Leader George Mitchell - who was better at the job than most - why he was interested in leaving the post to become commissioner of baseball. Why would Mitchell want a job that where he would get bossed around by 32 rich, egotistical maniacs? Mitchell smiled: "Only...

Author: /time Magazine | Title: Who Wants to Control the Senate? | 12/15/2006 | See Source »

...wanted to have that rich exploratory kind of interdisciplinary experience,ā€ he recalls, with a smile on his face. ā€œIā€™m still a huge believer in liberal arts, and in science playing a critical role...

Author: By Brenda C. Maldonado, CONTRIBUTING WRITER | Title: Bio Prof Animates Cellular World | 12/14/2006 | See Source »

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