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...neighborhood is a far sight better off than it was when the cries of "Burn, baby, burn!" died down. Several hundred units of government-subsidized housing dot the neighborhood, replacing some of the vacant lots left after the rioting. The intersection of 103rd Street and Compton Avenue, ground zero in 1965, could be Anywhere U.S.A. The sprawling Watts Health Center dominates one corner and a new post office the other. Across the street is a shopping center with a supermarket, a savings and loan office and several apparel shops. There is no graffiti and little crime in the nine-month...

Author: /time Magazine | Title: Still Down but Not Out | 6/21/2005 | See Source »

...Search Clusty www.clusty.com Google, Yahoo and MSN dominate search, but we're always on the lookout for an innovative approach. This metasearch engine from Vivisimo clusters results by sub-category to help you zero in on what you need-an approach AOL will take on the new aol.com, launching in July (see sidebar). For more cool new search tech, try Grokker, where Yahoo Search query results are displayed as a circular...

Author: /time Magazine | Title: 50 Coolest Websites 2005: News and Information | 6/20/2005 | See Source »

...cities across China. It had revenues last year of more than $930 million. If his firm grows as it has over the past decade, Vanke in another 10 years could become the world's largest housing provider. Sixty percent of urban Chinese own their homes, up from practically zero when Wang started. And Shenzhen, that sleepy town where Wang, 54, made his base? It's a booming metropolis of 12 million people--one of dozens of cities that have sprouted across the nation seemingly overnight. "You blink in China, and another building goes up," says Wang. --By Hannah Beech/ Shanghai...

Author: /time Magazine | Title: Changing the Game in China | 6/20/2005 | See Source »

...same rate, for example. "It's no surprise that [monetary union] is not optimal for all countries. That was always going to be the case," says Ian Stewart, chief European economist at Merrill Lynch in London. Still, he adds, the probability of the euro's collapsing "is greater than zero. This monetary union doesn't yet have the characteristics of all other durable monetary unions: that they developed into a political union." Switching to a political union with a fully federal government would make it all but impossible for a European country to drop the single currency. That possibility...

Author: /time Magazine | Title: Currency: Euro-Division? | 6/20/2005 | See Source »

Chung, 67, has spent six years hammering that zero-defects message into the heads of Hyundai's employees, and the result has been one of the most surprising turnabouts in automotive history. A few years ago, Hyundai, South Korea's largest car manufacturer, was a synonym for shoddy. Seoul was the only place in the world where you were likely to see large numbers of its cars on the street. Today the company's line of pleasantly stylish, relatively inexpensive and certifiably reliable sedans and sport-utility vehicles is tailgating the industry's best-known brands in several prime markets...

Author: /time Magazine | Title: Hyundai Grows Up | 6/20/2005 | See Source »

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