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...restructure the tangle of public and private companies. When he needed a large infusion of new capital, he turned to the Taipei government. The answer was no. Tung then approached mainland Chinese, and a local businessman with ties to Beijing kicked in the money. Only this year did Tung admit that the businessman's bailout funds came from the state-owned Bank of China...

Author: /time Magazine | Title: HONG KONG FACE-OFF | 6/2/1997 | See Source »

...Slovenia and Romania as well. While the U.S. has not publicly said which countries it is backing for membership, officials say privately that they prefer to start with just Poland, Hungary and the Czech Republic. The reason, reports TIME's Douglas Waller, is that the U.S. wants to admit a small number in the first round so that there will still be a pool of acceptable candidates in the future. The fear is that future expansion won't be considered if all the countries that can meet NATO's membership requirements right now are admitted, meaning poorer countries like Slovakia...

Author: /time Magazine | Title: Cutting the Cards on NATO | 5/29/1997 | See Source »

Summertime and the living is easy...back of my neck getting dirty and gritty...oooo macarena! Let's admit one thing right off the bat: summer has changed, and not just because we're no longer 11 years old and looking forward to three months' worth of unadulterated goofing off, give or take a summer-school session or a stint at an overly rigorous sleep-away camp making lanyards for The Man. Once upon a time, for kids and adults alike, the season's operative word was languor; today it's grosses. Because summer itself, like the movies to which...

Author: /time Magazine | Title: COOL SUMMER PREVIEW: READY, SET...PLAY! | 5/26/1997 | See Source »

...almost gratingly ridiculous--but that is, after all, the point; Amanda's ridiculousness makes her as much a pathetic figure as a comic one. She is moreover, in her own narrow-minded way, a fighter who puts a brave if silly face on things and who stubbornly refuses to admit defeat--which makes the cruelty of her final breakdown, powerfully portrayed by Barker, all the more painful...

Author: By Lynn Y. Lee, | Title: A World Made of Broken Glass and Shattered Dreams | 5/16/1997 | See Source »

...embarrassing to admit to writing letters of reference for people one barely knows, but nevertheless, that's the position taken by Senate minority leader Tom Daschle's staff when it comes to his hearty recommendation of one John Huang to the Clinton transition team in 1993. "I have known John Huang for four years, having worked with him on a number of economic development projects," Daschle wrote to transition-team head Richard Riley. "I can personally attest to John's strong background in trade and Pacific Rim issues." Huang, who has become the symbol of shady Democratic fund raising...

Author: /time Magazine | Title: MY RESUME IS ENCLOSED | 5/12/1997 | See Source »

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