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...summit's most practical results are likely to come in the area of structural reform, which even Colin Heseltine, director of the APEC Secretariat in Singapore, describes as "rather dry." So far the organization has focused on reducing red tape, tariffs and other barriers between borders. It now wants to move behind borders, helping members harmonize their approach to business competition and regulation, product standards and corporate governance. A recent study at the Australian National University's College of Asia and the Pacific estimated that fully implementing such reforms would add over $100 billion a year to APEC's collective...

Author: /time Magazine | Title: Talking Shop | 8/31/2007 | See Source »

...Japan and China to open their markets to one another. "If someone proposed that today," Oxley says, "people would say, You're mad." But that view is changing: last year "the U.S. surprised everyone by announcing they were interested in the idea of an APEC free-trade area." This year came a free-trade agreement between the U.S. and Korea. "Nobody expected that to happen," Oxley says. "It's resulted in a very serious look in Japan at doing an FTA with the Americans. And that has been a paradigm shift." If the U.S. and Japan sign a deal...

Author: /time Magazine | Title: Talking Shop | 8/31/2007 | See Source »

When a bomb exploded at the 1996 Olympic Games in Atlanta, security guard Richard Jewell helped evacuate the area and was hailed as a hero. Days later the FBI leaked his name as its primary suspect. The media savaged him; FBI agents tore through the home he shared with his mother and ripped family photos. After investigators exonerated Jewell that year, he sued and settled with NBC and other media and got a rare apology from AG Janet Reno. In 2005, Eric Rudolph confessed to the attack. Jewell died, apparently of natural causes, at his Georgia home...

Author: /time Magazine | Title: Milestones Sep. 10, 2007 | 8/30/2007 | See Source »

...just a bunch of hippies," says Bryan Jennings, a station manager at KLNX, Minturn's year-old radio station. "There are ski bums and artists and out-of-towners, and between here and Vail, a heck of a lot of culture and things to do for such a small area. The entire scene is changing fast...

Author: /time Magazine | Title: The Western War Against Barbed Wire | 8/30/2007 | See Source »

...nonchalantly tugged her veil forward a little. The others continued laughing, as though they didn't believe me. It had been so long since women were rounded up in the streets that I didn't blame them. Young men with long hair, women with jewel-toned veils filled the area. "Will they arrest the entire parking lot?" I wondered aloud. "The whole city...

Author: /time Magazine | Title: Iran: Intimidation In Tehran | 8/30/2007 | See Source »

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