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Indeed, P. Roy Vagelos, a former CEO and chairman of Merck, traveled last fall to China, where he met a number of U.S.-educated Chinese scientists who had returned to work in their homeland. "The new labs are spectacular," he says. "Unbelievable. The equipment leaves nothing to be desired." The...

Author: /time Magazine | Title: Are We Losing Our Edge? | 2/5/2006 | See Source »

There were two qualities that Jack Abramoff looked for in a prospective lobbying client: naiveté and a willingness to part with a lot of money. In early 2001 he found both in an obscure Indian tribe called the Louisiana Coushattas. Thanks to the humming casino the tribe had erected on...

Author: /time Magazine | Title: The Man Who Bought Washington | 1/8/2006 | See Source »

For three years, big-city mayors and the 9/11 commission assailed DHS for doling out money with little regard to risk-resulting in Wyoming getting far more antiterrorism funding per person than New York. (See TIME?s investigation " How We Got Homeland Security Wrong," March 29, 2004). Since he took...

Author: /time Magazine | Title: Explainer: The Real Deal Behind Chertoff?s New Funding Plan | 1/4/2006 | See Source »

Where's Ross Perot when you need him? As the year winds down, Congress is rushing to finish doling out money to federal programs. But amid all the haggling over deficit-reduction bills, some pet projects haven't exactly been put on the chopping block.

Author: /time Magazine | Title: Budget Cuts: It's Super Pork! | 11/21/2005 | See Source »

Is a Greenwich Village pub that serves $13 burgers worthy of a Michelin star? A few years ago, the answer probably would have been Mais Non! Michelin-the legendary French restaurant guide whose ratings make or break the great chefs of Europe-is, after all, famously stingy in doling out...

Author: /time Magazine | Title: The French Taste New York | 11/4/2005 | See Source »

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