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The only solution may be to bring in private capital from abroad by floating stocks and bonds, and Western bankers are ready to help. Says Ray Spitzley, executive director of Morgan Stanley Asia in Hong Kong: "China has evolved into a credit-worthy country that can tap world markets." Maybe...

Author: /time Magazine | Title: Taming the River Wild | 12/19/1994 | See Source »

While foreigners may be justifiably reluctant to help finance a project as audacious and controversial as Three Gorges, many indisputably worthy ventures, from coal gasification to experiments with solar power, are also begging for funds. Governments and investors naturally wonder if they can afford to gamble on China. But as...

Author: /time Magazine | Title: Taming the River Wild | 12/19/1994 | See Source »

"What would it mean to do Harvard in style?" Howard inquired. Audience members responded with what Howard said was a "worthy list," topped by honors and academic achievements.

Author: By Timothy S. Griffiths, | Title: Howard Speaks to BSA On Academic Efficacy | 12/13/1994 | See Source »

In summation, the judge declared, "For at least the past quarter-century, Americans have been captivated by two concepts that have become accepted public policy: deinstitutionalization and preservation of the family. Both are worthy goals pursued to unworthy ends. I suggest that it is time for us to demand that...

Author: /time Magazine | Title: The Storm Over Orphanages | 12/12/1994 | See Source »

Finally, those who dismiss Syria's potential to wage war alone against Israel miscalculate; past conflicts are a poor forecast of future battles. In this case, Israeli civilians would face a new threat: a missile attack far harsher than the limited Scud barrage Iraq launched at Tel Aviv during the...

Author: /time Magazine | Title: The Political Interest: Taking Issue with Jesse | 12/5/1994 | See Source »

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