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...avoid labeling China as a currency manipulator. While the two committees have wrangled over jurisdiction in the case, Senate Finance Committee Chairman Max Baucus has accepted amendments from Sen. Debbie Stabenow, the Michigan Democrat, who co-authored the Banking Committee's bill, and says he does not see the turf battle as "a big issue at all. We are both striving for the same goal...

Author: /time Magazine | Title: Congress Takes On China | 7/27/2007 | See Source »

...Philippines and musicians in the same breath, and the world reflexively thinks of jobbing balladeers and journeymen lobby trios. Like most stereotypes, these are both true and untrue. Filipino hotel entertainers proliferate across the globe, but they are merely the workaday exports of a culture that, on its home turf, plays louder, harder and in more diverse ways than just about any other. Head out most nights in Metro Manila, and you'll be spoiled for original live sound, be it R&B, indie pop, electro-fusion or punk...

Author: /time Magazine | Title: The Way of Dharma | 7/19/2007 | See Source »

President Vladimir Putin has long promised to restore Russian greatness and build an "energy empire." But until now, his empire-building had been confined to taking control of corporations operating on his turf, buying into businesses abroad, and blackmailing former Soviet Republics who dared vote against Moscow-backed candidates, moved to join NATO or acted in otherwise uppity ways. But Putin's imperial ambitions have recently added an element of classic 19th century-style territorial expansion: Late last month, Moscow signaled its intentions to annex the entire North Pole, an area twice the size of France with Belgium and Switzerland...

Author: /time Magazine | Title: Russia Claims the North Pole | 7/12/2007 | See Source »

...have had an evident impact--BMW alone has whacked $1.2 billion from its cost structure over the past three years--but it'll be hard to sustain that pace. Global competition shows no sign of letting up. Toyota's Lexus is starting to make inroads into BMW's European turf, while at home, rival Audi is turning up the heat, and Mercedes looks like a formidable competitor once again, now that DaimlerChrysler has agreed to sell off Chrysler to a U.S. private-equity firm...

Author: /time Magazine | Title: BMW Drives Germany | 7/5/2007 | See Source »

...evening with one of the youth action teams last month shows that police still have much to do to bring the streets to heel. Gangs of teenage boys are skirmishing over a 1-sq.-km patch of turf in south Auckland. In Electra Place, officers Ott and Stevenson find a bare-chested youth holding a blood-soaked cloth to a 3-cm slash above one eye; his friend is screaming about a gang attack. The victim says the knife wielder has run off into a house a few doors down the street. "The guy with the knife could still...

Author: /time Magazine | Title: Tribal Trouble | 7/5/2007 | See Source »

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