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...first step toward a free-floating, and much stronger, yuan. If the yuan continues to appreciate, China's new currency policy could reorder global trade and investment, boost the power of Asian consumers, and address global trade imbalances. U.S. Treasury Secretary John Snow, who had been a vocal critic of Beijing's peg, said "full implementation" of the new policy "will be a significant contribution toward global financial stability...

Author: /time Magazine | Title: The Yuan Effect | 7/25/2005 | See Source »

...politics, in time becoming the first woman in U.S. history to be elected majority leader of the state senate. When President Ronald Reagan was looking for a woman to name to the Supreme Court, O'Connor was one of the few with judicial and conservative Republican credentials. So despite vocal opposition during her confirmation hearings from abortion foes, who protested her opposition to Arizona laws that would have banned state funding of the procedure for poor women and that would have prohibited it at the University of Arizona hospital, she was confirmed unanimously...

Author: /time Magazine | Title: The Power Broker | 7/3/2005 | See Source »

...perch in the prompter's box and, later, from a catwalk 40 ft. above the stage. But then he abandoned the project, and the fragile, two-minute wax cylinders were left to decay and, in some cases, break and disappear. As early as 1938, collectors began preserving the priceless vocal treasures. Now a team of two critics and a recording engineer, under the auspices of the Rodgers and Hammerstein Archives of Recorded Sound, the Performing Arts Research Center and the New York Public Library at Lincoln Center, has heroically rescued all 134 of the surviving playable cylinders and issued them...

Author: /time Magazine | Title: Music: Voices from the Past | 6/21/2005 | See Source »

...first won his seat in the House of Representatives in 1964 and speedily garnered bipartisan respect for his intelligence, diligence and integrity. As a member of, and eventually the ranking Republican on, the powerful House Ways and Means Committee, Conable was an expert on U.S. tax policy and a vocal proponent of free international trade. In 1980 he served as finance chairman of George Bush's bid for the G.O.P. presidential nomination. After his 1985 retirement from Congress, Conable spurned a lucrative lobbying career in Washington--"I don't want to be owned," he said--and took a post teaching...

Author: /time Magazine | Title: Lender in Chief: New head for the World Bank | 6/21/2005 | See Source »

Amidst the ensuing uproar, many of Summers’ most vocal defenders—on and off campus—came from the right wing of the political spectrum. That marked a startling turnaround from a decade ago, when Summers, then a top official at the Clinton Treasury Department, was a favorite punching bag for conservative pundits...

Author: By Daniel J. Hemel, CRIMSON STAFF WRITER | Title: The Elephant In the Room? | 6/9/2005 | See Source »

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