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...thing to sell what lies underground to China, but rather another to let Chinese companies own Australian resources themselves. Twice this year, Chinese state-owned enterprises have snapped up major Australian mining stakes. But the biggest deal didn't go through. The state-owned Aluminum Corp. of China, better known as Chinalco, was supposed to take a $19.5 billion stake in Australian-British Rio Tinto, which controls, among other mines, vast iron-ore deposits in Australia. The bid sparked a huge controversy in Australia, with the political opposition running TV ads skewering any proposed deal. In June Rio Tinto...
...time homeowners to the state of broadband connectivity in Australia. But he's familiar with China, too: Rudd speaks fluent Mandarin - the only non-Chinese world leader to boast this linguistic achievement - and in an interview with TIME he rattled through the biographies of some of China's lesser-known Cabinet members. If Rudd can navigate warm and friendly relations with both the U.S. and China, he will turn out to be a politician of more than local significance. And he's going to try. "I'm in the business of making a difference," he told TIME during a rare...
...Talk to Iran The picture of U.S. envoy Dennis Ross as presented in "The Final Countdown" is frightening [June 15]. Ross should not have been placed in charge of dealings with Iran. His close connection with the largely anti-Iran organization American Israel Public Affairs Committee (AIPAC) is well known. Despite Obama's seeming change in course on Iran, Ross continues to endanger the U.S. and the Middle East by pursuing the hostile neoconservative agenda on Iran active in the Bush Administration. William Beeman, Minneapolis...
...Trees, New Growth Head east from Monrovia, past Firestone, the U.S. rubber giant's worker town, past Smell-No-Taste, a town known in years past for the fine cooking aromas that would waft in from a nearby expatriate housing colony, down a 50-mile (80 km) stretch of road whose potholes can swallow a small car, and you'll come to Buchanan. When Joel Strickland, 47, first visited Liberia three years ago to scout for opportunities, he was a partner in a Toronto hedge fund. In Buchanan, Strickland was struck by the number of moribund rubber plantations. Untended during...
Punishing the Mayo Clinic financially for efficiently and effectively providing Medicare services is just one failing of our health-care system. Attempts to lower Medicare costs, even those now under consideration, focus on lower fees--a maneuver well known to increase the number of services, many unneeded, and actually increase total costs. Truly effective care can be delivered only by integrated, cohesive, properly incentivized, Mayo-like multispecialty medical groups with strong leadership and a commitment to quality. Unfortunately, legislation pending in Congress ignores this need. Charles V. Allen, M.D., MODESTO, CALIF...