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...Boasting one of the richest ecosystems on the planet, the lush, temperate mountains of northern Yunnan are, for two months of the year, home to maturing matsutake (known in Mandarin as songrong). When Japanese harvests were devastated by an insect-borne disease 15 years ago?a disaster from which the Japanese industry has yet to recover?these mountains became the world's matsutake hot spot. Yunnan now supplies Japan with more than half of its annual demand...

Author: /time Magazine | Title: Magic Mushrooms | 9/27/2004 | See Source »

...avoid damage. Scrambling up a vertical ridge, Sui-nong leads us to one of his secret patches: five baby mushrooms nestle under the shadow of a towering tree. He will guard them for two weeks until they get big enough to fetch a top price. Boasting one of the richest ecosystems on the planet, the lush, temperate mountains of northern Yunnan are, for two months of the year, home to maturing matsutake (known in Mandarin as songrong). When Japanese harvests were devastated by an insect-borne disease 15 years ago - a disaster from which the Japanese industry...

Author: /time Magazine | Title: Magic Mushrooms | 9/23/2004 | See Source »

...still a hot one. By cracking down on his main foe, al-Qaeda, Musharraf is also creating new enemies at home. After months of prodding by the U.S., Musharraf has clamped down on some of the country's 13,000 registered madrasahs, or seminaries, which are al-Qaeda's richest recruiting ground in Pakistan. A prominent imam at Islamabad's Lal Mosque, Maulana Abdul Aziz, disappeared on Aug. 13 after police captured bin Laden's former chauffeur, who had borrowed the religious leader's car, according to police. The Arab driver was allegedly involved in the Independence Day rocket plot...

Author: /time Magazine | Title: Dangerous Commission | 9/13/2004 | See Source »

...employing "lifestyle checks" that compare their homes and cars with what they can afford on their government salaries. He is also stepping up efforts against people suspected of evading taxes. Last month, the Supreme Court revived a 1994 case against cigarette magnate Lucio Tan, one of the country's richest men. The government alleges that Tan owes about $460 million in unpaid taxes, interest and penalties. (A spokesman at Tan's Fortune Tobacco didn't return TIME's phone calls seeking comment but his lawyers have consistently denied the charges.) More investigations seem likely. "Businessmen must adopt an attitude...

Author: /time Magazine | Title: Going For Broke? | 8/16/2004 | See Source »

...terrorist bombings, kidnappings and endemic corruption that plague the Philippines keep foreign investors at bay, but so do restrictive laws. For example, the country has some of the richest deposits of gold, copper and other minerals in the world?natural resources that could be developed using foreign capital. But the Philippine mining industry is stunted by a law enshrined in the constitution that limits foreign investment in mining projects to only 40%. As a result, the country exports only about $630 million of minerals a year, even though the government sees a potential of $5 billion. In January, the Supreme...

Author: /time Magazine | Title: Going For Broke? | 8/16/2004 | See Source »

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