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...pledged to a one-China policy, but Beijing has come to suspect that Washington is backing away from it. When the U.S. granted Lee Teng-hui a visa last year for a private visit to his alma mater, Cornell University, Beijing was irate. Hard-liners and moderates in the leadership may disagree on any number of questions, but they are of one mind when it comes to sovereignty over Taiwan; there is no room for compromise. "No leader in Beijing," says Ralph Cossa, executive director of Pacific Forum CSIS, a Honolulu think tank, "could survive if he lost Taiwan." Beijing...

Author: /time Magazine | Title: CHINA: WAKING UP TO THE NEXT SUPERPOWER | 3/25/1996 | See Source »

...fierce backlash from the bomb. The Irish and British governments have banned all high-level contacts with him and Sinn Fein until the cease-fire is restored. The Americans have not gone that far, but they will soon have to face a tough decision if Adams applies for a visa to visit the U.S. Clinton's decision to grant Adams his first visa, in February 1994, was an enormous step in giving him international stature. The Administration says it will base its decision on the results of Adams' efforts to restart the peace process...

Author: /time Magazine | Title: GERRY ADAMS UNDER THE GUN | 2/26/1996 | See Source »

...point, I thought we were going to go bust because we couldn't make payroll," says Dan Cunningham, the chief financial officer. "Bill kept the company running on his credit cards--Visa and MasterCard, not American Express, because that is a card that you have to pay the bill on every month." In the middle of a rise in the silver market in 1989, Schrader's mother raised several thousand dollars by selling the silver coins she had collected, and invested the proceeds in PSINet. The following day the silver market dropped sharply...

Author: /time Magazine | Title: HIGH STAKES WINNERS | 2/19/1996 | See Source »

...YORK: They couldn't buy it, so now they're trying to kill it. Microsoft, which abandoned its bid to acquire Intuit and its popular Quicken program amid antitrust allegations, is pursuing a partnership with Visa International instead. The top software and credit card providers, respectively, said Wednesday that they would team up to offer online banking services in an attempt to break Intuit's lock on the personal-finance software market. Quicken gained its 80 percent niche by allowing users to pay their bills electronically, with the processing handled by Intuit. The Microsoft-Visa plan would allow people...

Author: /time Magazine | Title: Visa, Mastercard or Microsoft? | 2/15/1996 | See Source »

...YORK: They couldn't buy it, so now they're trying to kill it. Microsoft, which abandoned its bid to acquire Intuit and its popular Quicken program amid antitrust allegations, is pursuing a partnership with Visa International instead. The top software and credit card providers, respectively, said Wednesday that they would team up to offer online banking services in an attempt to break Intuit's lock on the personal-finance software market. Quicken gained its 80 percent niche by allowing users to pay their bills electronically, with the processing handled by Intuit. The Microsoft-Visa plan would allow people...

Author: /time Magazine | Title: Visa, Mastercard or Microsoft? | 2/14/1996 | See Source »

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