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A few years ago, the Chinese called it their "Going Out" strategy. State-owned companies in key industries were being encouraged by the government to plant the flag of Chinese capitalism around the world by purchasing stakes in foreign companies. China was booming, flush with cash and full of optimism...

Author: /time Magazine | Title: Buying Binge | 3/5/2009 | See Source »

At a March 2 news briefing in Sydney, Chinalco President Xiong Weiping tried to allay fears. "The transaction will in no way lead to any control of the natural resources of Australia," he said, adding that Rio's corporate strategies and management practices would also remain unchanged. For now at...

Author: /time Magazine | Title: Buying Binge | 3/5/2009 | See Source »

In Philadelphia, the task-force members and panelists spent a long time congratulating one another on their good intentions before turning to the meeting's single topic: green jobs. The stimulus package bestows $500 million for green job-training programs, $6 billion in loan guarantees for green industries and $5...

Author: /time Magazine | Title: Obama's Middle-Class Task Force Has No Middle Class | 3/4/2009 | See Source »

Limbaugh is hardly the only American with doubts about Obama's economics. A new poll by the Wall Street Journal and NBC News found that even in a country largely supportive of Obama, most voters remain skeptical that his stimulus plans will do much good. Nevertheless, Democrats scampered to make...

Author: /time Magazine | Title: Criticizing Rush Limbaugh: Over the Line? | 3/4/2009 | See Source »

White House press secretary Robert Gibbs crept up to that line - even put his toe over it - as he tried to capitalize on the anti-Barack Obama declarations of talk-show behemoth Rush Limbaugh. In January, and again at a recent gathering of conservatives in Washington, Limbaugh pointedly declared that...

Author: /time Magazine | Title: Criticizing Rush Limbaugh: Over the Line? | 3/4/2009 | See Source »

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