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...There are still some lingering doubts about China's system for guaranteeing product safety, patients' health (What happens to them when the trial ends?) and intellectual-property protection. Authorities arrested 774 people in August and September as part of a crackdown on the sale of tainted food, drugs and agricultural products. Two-thirds of multinational drug companies told the consulting firm PricewaterhouseCoopers in a recent survey that they remained concerned about both IP protection and corruption in China...

Author: /time Magazine | Title: China's Drug Addiction | 11/14/2007 | See Source »

...market of them all, the U.S. Back in 1970, Rowntree licensed the brand in perpetuity to Hershey. The only way for Nestle to get it back would be a change of heart--or a change of control--at Hershey. So when the Hershey Trust put the company up for sale last year, Nestle saw a ripe opportunity. Brabeck made an agreement with Britain's Cadbury Schweppes under which it would return Kit Kat and another brand, Rolo, to Nestle if Cadbury made the winning bid for Hershey. In the end, the Hershey Trust dropped its sale plans, but Nestle...

Author: /time Magazine | Title: Nestle's Quick | 11/14/2007 | See Source »

China, Japan and others welcome the chance to scale back their U.S. holdings, but even the hint of a sale could send the dollar tumbling - as happened earlier this month when a Chinese official suggested China might shift some of its currency reserves to offset the "weak" dollar. The notion that the days of the dollar's dominance are numbered is, in fact, increasingly popular. In September, Alan Greenspan, former chief of the U.S. Federal Reserve, said it's "absolutely conceivable that the euro will replace the dollar as [the] reserve currency, or will be traded as an equally important...

Author: /time Magazine | Title: Bottom Dollar | 11/14/2007 | See Source »

...plum seat waiting for him. Even top managers at no-frills airlines don't get any frills. Fernandes treks through the crowded plane searching for an empty chair, ending up in one of the last rows. When flight attendants appear with a cart of sodas and instant noodles for sale, he plunks down 80¢ for a can of Milo chocolate drink. Fernandes then spends much of the two-hour journey chatting and shaking hands with each of the 140 passengers. After the plane touches down, he stands on the tarmac in his trademark red baseball cap, waves goodbye...

Author: /time Magazine | Title: Air Raiders | 11/14/2007 | See Source »

...trademark watchdog since 1998, he has seen the country become one of Asia's biggest centers of piracy for all kinds of digital wares. Just three days after last year's blockbuster Star Wars: Episode 1--The Phantom Menace opened in U.S. theaters, pirated versions were on sale in Malaysia's capital, Kuala Lumpur. Local knock-offs have been spotted as far away as southern Africa, Europe and South America...

Author: /time Magazine | Title: Digital Underground | 11/14/2007 | See Source »

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