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...China's??ascent as an economic powerhouse is no secret. It has been stoked by nearly $500 billion of foreign investment in the past decade. In 2003 alone, $53 billion flowed in--the first time China eclipsed the U.S. as the No. 1 recipient of foreign investment. But all that cash isn't drifting in on global trade winds. Matching a capital-starved Shanghai manufacturer with a New York City financier requires an expert middleman, someone with Chinese-market savvy and an ability to bridge cultural divides. Here TIME profiles an élite group we have dubbed China's Rainmakers...
It is one of Washington's??open secrets that Senate Republican leader Bill Frist is eyeing the 2008 presidential race. But, as Bob Dole learned in 1996, running the Senate while campaigning for President is a particularly difficult proposition, and Frist's day job is already getting in the way. George W. Bush last week renominated 12 federal-appeals-court judges that Democrats had blocked in his first term. Frist has threatened to change Senate rules on extended floor debate to prevent Democrats from filibustering judicial nominees again, but Democrats say they will shut down the Senate if the Tennessean...
In his column "Where's??The Outrage?", about the Senate confirmation hearings of Attorney General--designate Alberto Gonzales [Jan. 17], Joe Klein wondered why there was no outrage over the abuse of detainees at Abu Ghraib, Guantánamo and elsewhere or over Gonzales' complicity in the Bush Administration decision to use severe physical interrogation techniques. A similar apathy was the response to the excesses of the Patriot Act, the question of immigrant rights, Defense Secretary Donald Rumsfeld's ineptness and arrogance, the need for affordable health insurance and, most tragic, the endless slaughter in Iraq. There is no outrage because...
...admired Keillor's??optimism about the postelection reconciliation of partisans, but Nov. 2 only marked the beginning of a new battle. I am just 30 years old, but this was the first election in my life in which I felt there was no victory for anyone. I am afraid the rhetoric will get more venomous, and the nation will become more divided. Yet, in a strange way, that fills me with hope...
...If there's??one thing that voters in red and blue states could agree on this election year, it's that satire was king. From David Letterman's monologues and a rejuvenated Saturday Night Live to the proliferation of spoofy websites, even the most minor campaign flubs were endlessly lampooned. Jon Stewart and his gang popped up at both conventions as well as the debates, and The Daily Show became the most trusted name in fake news. The South Park crew turned everyone from Kim Jong Il to Michael Moore into puppets for its movie Team America...