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...sun is high, the weather clear and, according to the National Weather Service, likely to stay that way for several days. Salvatore "Sam" Favaloro, 60, should be out at Georges Bank, some 160 nautical miles from his home port of Gloucester, Mass., fishing for cod and haddock in his 70-ft. trawler Cara Lyn. Instead, he is tied up at a dock in Gloucester's inner harbor, worrying about how he is going to pay for the parts he needs for Cara Lyn's engine...

Author: /time Magazine | Title: In Massachusetts: On the Beach | 6/21/2005 | See Source »

With its forest of neon-emblazoned high-rises, Shanghai's Xuhui district embodies the country's dazzling economic development. But Xuhui is profiting from an even rarer commodity: political reform. Led by district Mayor Sun Chao, Xuhui's nearly 1 million inhabitants can participate in town-hall-style meetings to discuss a wide range of concerns, such as an innovative parole program and the location of a new garbage dump. "Before, leaders just made decisions," Sun says. "Now we have public hearings to allow ordinary people to debate things." That idea may sound suspiciously like democracy. But Sun, a smooth...

Author: /time Magazine | Title: Changing the Game in China | 6/20/2005 | See Source »

That is not your usual local Chinese politics. Sun, 49, with impeccable English and a press-the-flesh attitude, represents a new crop of Chinese leaders who are different from the previous, Soviet-trained generation, which issued edicts from behind a bamboo curtain. Although Sun and his brethren are hardly harbingers of a democratic revolution, they are aware that an increasingly economically savvy populace will demand more accountability. Hence Sun's pledge that his budgets will undergo an anti-corruption audit and his proud declaration that he has personally answered 10,000 e-mails from the public since taking office...

Author: /time Magazine | Title: Changing the Game in China | 6/20/2005 | See Source »

...Petersburg, people are ready to splurge. The spending boom is creating a merger wave in sectors as varied as banking, brewing and confectionery. Alongside the Dixons deal, the huge Belgian beer company InBev is finalizing the last pieces of a $730 million acquisition of Russian beer giant Sun Interbrew, and Coca-Cola recently agreed to buy Multon, Russia's second largest juice company, for an estimated $600 million. Excluding the energy sector, mergers and acquisitions of Russian firms soared to more than $8 billion last year from $4.8 billion in 2003, according to Thomson Financial. Yet even as Western firms...

Author: /time Magazine | Title: Emerging Markets: A New Frontier | 6/20/2005 | See Source »

SOME TANS ARE HEALTHY A sun-kissed glow may bring a hidden benefit, according to a new study in Cancer Research: a lower risk of prostate cancer. The study of 905 Caucasian Californians found that as men's skin got darker, their prostate-cancer risk got smaller. Men with the highest levels of sun exposure had half the risk of men with the lowest levels. Warning: too much sun increases the risk of skin cancer...

Author: /time Magazine | Title: Doctor's Orders: Jun. 27, 2005 | 6/19/2005 | See Source »

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