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...Kobe couldn't have been more different. Eager to revitalize a city that was struggling economically even before the massive tremor, the city government began courting Chinese investment. Today, on Kobe's refurbished Port Island, delegations of Chinese businessmen tour a vast technology park where city officials are offering tax breaks in the hopes of creating a new high-tech Chinatown. Chen's company headquarters are already here, as are dozens of other Chinese firms specializing in everything from scrap metal to biotech...

Author: /time Magazine | Title: Chasing the Japanese Dream | 12/6/2007 | See Source »

Like a Vice Tax David von Drehle summarized it well in "Oil's Silver Lining" [Nov. 19]: The $100 barrel gives us another chance to change our ways. It's a true gift to the planet from the present economic circumstances. And rest assured, prices are not likely to drop. How could they, since worldwide discovery of oil peaked in 1964? In China and India, hundreds of millions of households dream of getting a car or even two. Let's hope the exponential rise of oil prices will guide us all toward greener aspirations that will encourage the production...

Author: /time Magazine | Title: Leadership vs. Loyalty | 12/5/2007 | See Source »

...former Nazi camps were being filled with prisoners by the Soviets," he recalls. "It struck me that it was happening all over again, in America - the limits on freedom of speech, the first evidence of torture." As a U.S. resident, Verhaeghen would have to pay American income tax on his prize money, then about $25,000. "I could imagine it would go for schools and hospitals, but in reality much of it would fund the war in Iraq." So he asked that the money be given instead to the American Civil Liberties Union and to Human Rights Watch. "I hoped...

Author: /time Magazine | Title: Hot Fusion: Omega Minor | 12/5/2007 | See Source »

Obama is currently endorsing a plan for universal health care, using money from tax cuts to pay for coverage. “He knew from very early on that he wanted to cover everybody and that there was so much waste in the system...which is exactly right,” Cutler says...

Author: By Samantha L. Connolly, CONTRIBUTING WRITER | Title: Revenge of the Nerd | 12/5/2007 | See Source »

...Reagan's own popularity - even among many Democrats - owed less to his specific policies (tax cuts, arms buildup) than to his overall success in restoring Americans' national pride and optimism. If the Carter era had been associated with domestic economic woes and a string of geopolitical defeats that culminated in the Iran hostage crisis, Reagan managed, almost as soon as he took office, to convince the public that a new "morning in America" had broken, by getting tough with U.S. adversaries on the global stage...

Author: /time Magazine | Title: Putin's Reaganesque Victory | 12/3/2007 | See Source »

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