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The Blackstone transaction makes barely a dent in China's foreign-currency reserves, but it signals that the government wants to invest its dollar stash more aggressively. The deal was nicely timed--just before top Chinese officials arrived in Washington for talks aimed at reducing the bilateral trade deficit. "It...

Author: /time Magazine | Title: Buy American! | 5/24/2007 | See Source »

The trip ends in the stillness of faux orbit where the payload bays open to reveal a state-of-the-art graphic of Earth in a stunning view very few people have ever seen firsthand. Air sickness bags are conspicuously absent. Unlike an astronaut-training simulator or other virtual reality...

Author: /time Magazine | Title: Space Travel on a Shoestring | 5/18/2007 | See Source »

The Detroit Three complain frequently about the cost that health care in particular adds to each car they produce in the U.S.--at GM it's $1,600, at Chrysler $1,500, at Ford $1,200. But the cost paid in management attention and focus may be even greater. The...

Author: /time Magazine | Title: Can Chrysler Be Cured? | 5/17/2007 | See Source »

A group of Harvard students travelled to the Abbott Laboratories facility in Worcester, Mass., yesterday afternoon to protest the pharmaceutical company’s recent decision not to allow Thailand’s government to produce generic versions of its Kaletra AIDS drug. The protest, organized by the Harvard chapter...

Author: By Yelena S. Mironova, CRIMSON STAFF WRITER | Title: Students Protest Drug Policy | 4/27/2007 | See Source »

Even more surprising, Nike's all-out effort has produced some genuine innovation--including the Sumo2, which capitalizes on something called the moment of inertia; the geometric shape minimizes the twisting of the club head during an off-center ball strike, translating into a straighter, longer stroke off the tee...

Author: /time Magazine | Title: Member of the Club | 4/12/2007 | See Source »

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