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...them and the traffic queued behind them. They were still about 1 km short of the U.S. roadblock. There they remained for over 10 minutes, talking nervously on their radios. Suddenly, to their right, a white Chevrolet SUV with blacked-out windows sped along a slip road, made a U turn, and stopped about 200 m away, facing the convoy. From its passenger window, a belt-fed machinegun opened fire. The first bullets announced themselves with a puff of dust beside Yeager's vehicle, then a burst hit Ahmelman in the thigh. The videotape from the dashboard camera recorded...

Author: /time Magazine | Title: When a Slip Can Cost Your Life | 9/27/2005 | See Source »

...says. "I buy stuff that's fraught with discomfort. I buy some terrible things." Terrible things that produce terrific returns. Wadhwaney's $1.9 billion mutual fund has racked up annualized gains of 23.2% since its birth 31/2 years ago--double the rise of a comparable index of non-U.S. stocks. (Alas, it's currently closed to new investors...

Author: /time Magazine | Title: Investing: Betting Against The Crowd | 9/18/2005 | See Source »

Moreover, there are the numerous immediate economic issues that have so elevated Sino-U.S. tensions this summer. First there was the uproar about textile quotas. Since Jan. 1 when global textile quotas were abolished, Chinese textiles have flooded American markets, resulting in job losses and industry complaints. The ensuing negotiations, which are still progressing unhurriedly and uncertainly, have been the cause of much friction between Beijing and Washington. Another touchy area is that of China’s currency. Many U.S. trade groups accuse China of keeping the yuan artificially cheap to bolster exports. The yuan was revalued...

Author: By N. KATHY Lin, | Title: Off Again, On Again | 9/16/2005 | See Source »

...Wang Xiaodong Researcher, China Youth Research Center, Beijing The Taiwan issue is the most urgent short-term problem in Sino-U.S. relations, but I believe two other issues are more important in the long term. One is relations between China and Japan. Second, as China grows stronger, the country will be obligated to play a larger role in maintaining world order. The U.S. needs to decide how to accept China...

Author: /time Magazine | Title: Getting To Know One Another | 9/12/2005 | See Source »

...that "it was not part of the judicial function to thwart public opinion except in extreme cases." And segregation, Rehnquist declared, "quite clearly is not one of those extreme cases ... I realize that it is an unpopular and unhumanitarian position, for which I have been excoriated by 'liberal' colleag[u]es, but I think Plessy v. Ferguson was right and should be re-affirmed." Plessy was the infamous 1896 ruling allowing "separate but equal" accommodations for blacks and whites. After the memo emerged, Rehnquist drafted a letter to a Senate ally in which he claimed that Jackson, by then deceased...

Author: /time Magazine | Title: William Rehnquist: 1924-2005 | 9/4/2005 | See Source »

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