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...TAXES A merger will not immediately affect any built-up gains or losses in your shares. But afterward, a manager is likely to sell some securities to reconstitute the portfolio to his liking. Any net capital gains will be passed on to investors. This could create a tax hit unless you balance gains with losses or your shares are in a tax-free account...

Author: /time Magazine | Title: The Great Mutual-Fund Disappearing Act | 11/25/2002 | See Source »

FALLUJAH II At this chlorine and phenol plant, Iraq produced nerve agents like mustard gas. The plant was bombed during the Gulf War. Afterward, U.N. inspectors destroyed the remaining ingredients and equipment. Since then, the CIA says, the facility has upgraded equipment and expanded chlorine output...

Author: /time Magazine | Title: Return to Iraq | 11/25/2002 | See Source »

...bitch party.” There was dancing, dressing in women’s clothes and “some kissing witnessed.” Lumbard said he did not drink, but that he danced once, before leaving at about 1:30 a.m. Several times afterward, Lumbard dropped by the parties in Perkins 28 for a few minutes. In response to questioning from The Court, Lumbard said he “stayed because he was interested.” He also freely admitted that there were three or four times when four or five men have slept in his room...

Author: By Amit R. Paley, CRIMSON STAFF WRITER | Title: The Secret Court of 1920 | 11/21/2002 | See Source »

...work." With darkness by its side, as Updike well understands. He takes art seriously. For more than 20 years he has been producing a good-size body of art criticism, reviews full of nuance and sharp eyesight. Once an aspiring cartoonist, he majored in English at Harvard but studied afterward at the Ruskin School of Drawing and Fine Art at Oxford. His first wife was a painter, and on their return to the U.S., he tried painting too, until he realized how hard it was to "lay out the colors, then keep the kids from putting their hands...

Author: /time Magazine | Title: Books: All the Wounded Gods | 11/18/2002 | See Source »

...living in Israel for almost 14 years. I saw and felt the fear of the Gulf War in 1991. It was awful. In such a war, when you feel like a hunted rat, never being able to fight back, there are no heroes, no matter what they tell you afterward. Should a new war break out, Saddam's remnant Scuds will certainly fly again toward Israel. And this time they will carry bioweapons. Saddam and his fellow dictators don't deserve pity. There is much truth in the saying that every nation gets the government it deserves. The poor Iraqi...

Author: /time Magazine | Title: Letters: Nov. 18, 2002 | 11/18/2002 | See Source »

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