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...troublemaker bent on escalating tensions with China. At the same time, Chen brought Taiwan no closer to true independence. Instead, the island got further isolated within an Asia that is more tightly linked around an expanding China. "We tried to help our sense of Taiwan identity, but it resulted in self-marginalization in the region," says Philip Yang, a political scientist at National Taiwan University in Taipei. As a result, "we believe Taiwan is losing its edge, losing its advantages and losing its chance at long-term prosperity...

Author: /time Magazine | Title: Strait Talker | 3/13/2008 | See Source »

...outpacing Puma. Adi's son Horst did an end run around the rules preventing Olympic athletes from accepting compensation by giving them free shoes. It worked: at the 1956 Melbourne Olympics, more than 70 of the track medals were won by athletes wearing those three-striped shoes. As a result, Horst was able to establish himself firmly in the international sports business...

Author: /time Magazine | Title: Business Books | 3/13/2008 | See Source »

...companies have returned to the old days of granting options, or restricted stock, only to big shots and stars. The NCEO estimates that the number of companies with broad-based plans has dropped to 3,000, from a peak of 4,000 a few years ago. As a result, says Kay, "morale problems are stewing." He warns that line workers understand the value of options when they are granted while the market is low. "They'll see this as a pay cut," he says, and it will infuriate them when CEOs start ringing the register again...

Author: /time Magazine | Title: Consider Your Options | 3/13/2008 | See Source »

...DOES IT MATTER? Many school districts are slashing PE to meet budgets; math and reading are what count on standardized tests--and in assessing schools' performance under No Child Left Behind. As a result, most kids have gym class only once or twice a week. That lack of physical exercise could be adversely affecting girls' academic development...

Author: /time Magazine | Title: Briefing | 3/13/2008 | See Source »

...keep that profit machine going, Moody's and S&P have to keep finding new things to rate. And they're under intense pressure from issuers and investors alike to get as many securities as possible into the top ratings categories. The result is grade inflation, especially in new products like CDOs. That's how banks and investors around the world ended up owning billions of dollars in triple-A mortgage junk. It also helps explain the growth of bond insurers, companies that used their own triple-A ratings to bump ever more bond issues into the top categories--even...

Author: /time Magazine | Title: Triple-A Trouble | 3/13/2008 | See Source »

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