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...growth in its export-fueled economy. Officials for Chinese companies that compete almost entirely on price, such as those in the toys and textiles industries, say even this 2.1% increase in the yuan's value will hurt sales to cost-conscious U.S. retailing giants such as Wal-Mart and Target. Yu Zhihua, export manager for the Hangzhou Silk and Garment Import Export Corp. in Hangzhou, says her profit margins are so thin already that she can't afford to lower prices to offset the 2.1% difference in currency values. "We expect contracts that would have gone to us will switch...

Author: /time Magazine | Title: The Yuan Effect | 7/25/2005 | See Source »

...bomb. We flew to the rendezvous point, where we'd meet two other airplanes one with instruments to measure the blast and another holding observers. The observer plane didn't show up. We circled, and after about 35 minutes, I said to Sweeney, "Damn it, proceed to the first target...

Author: /time Magazine | Title: Frederick Ashworth, 93 | 7/25/2005 | See Source »

HIROSHIMA ?Intended target ?Actual detonation center ?0.5 mile (0.8 km) ?Hiroshima Castle ?Ota River ?1 mile (1.6 km) ?Area destroyed by blast and fire ?Buildings incinerated ?Area destroyed by blast ?To Hiroshima...

Author: /time Magazine | Title: Rain of Fire: Aug. 6, 1945 | 7/24/2005 | See Source »

...supposed to take 43 seconds, and we all concluded it had been a dud, because it took longer. Then it exploded." The pilot of the Enola Gay, Colonel Paul Tibbets, had put the plane into a 180? turn to the west and was getting away from the target as fast as he could. "All we saw," recalls Van Kirk, "was a bright flash...

Author: /time Magazine | Title: Living Under the Cloud | 7/24/2005 | See Source »

...vote, so how would having Roberts replace her affect the court's chemistry? He's not likely to simply take her place, says Lee Epstein, a co-author of an upcoming Supreme Court nomination history, Advice and Consent. That position goes to Justice Anthony Kennedy, the next most movable target. For now, the only label all but tattooed on Roberts' forehead simply reads, CONSERVATIVE BUT NOT AN IDEOLOGUE--which makes it impossible to know the brokering role he might assume. It is possible that Bush thinks he has found a bomb thrower with a pleasant face. But the choice could...

Author: /time Magazine | Title: Judging Mr. Right | 7/24/2005 | See Source »

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