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...economy amazed experts by racking up a booming first-quarter increase of 10.1% at an annual rate. The gain dwindled to 1 .6% in the third quarter but then rebounded to 4.3% in the last three months of 1984. "The economy is exhibiting a split personality," says Allen Sinai, chief economist for Shearson Lehman Bros., "and it may continue to do so for some time in the future...

Author: /time Magazine | Title: A Series of Bad Signals | 4/12/2005 | See Source »

...force, composed of investigators from both the Justice and Labor departments, had compiled a 100-page memo recommending that a grand jury be urged to indict Presser for allegedly putting "ghost workers" on the Local 507 payroll. The prosecutors had won convictions of or guilty pleas from two men: Allen Friedman, Presser's uncle, and John Nardi Jr. Evidence showed that from 1972 to 1981 the two were paid a total of some $275,000 by the Cleveland local without doing any work for it and that Presser had signed their paychecks. Friedman complained bitterly last week in a Fort...

Author: /time Magazine | Title: Out of Danger: A Teamsters probe is dropped | 4/12/2005 | See Source »

Sitting behind a gleaming, curved desk in his New York City office, Allen Neuharth picks up the day's issue of USA Today, the terse, rainbow-colored newspaper that he created and nurtures. "We stole most of this from somebody else," says Neuharth, chairman of the Gannett Co., parent firm of USA Today. "Most of the content ideas, the packaging, color and graphics are the result of what television and the newsmagazines have been doing for a long time." Leaning back in his chair, Neuharth, 61, turns to the paper's full-page weather map. "This is a direct, absolute...

Author: /time Magazine | Title: Usa Today: Three Years Old and Counting | 4/12/2005 | See Source »

...that includes eight languages, debt-relief work with the rock star Bono, some music playing of his own and what an observer calls an "effervescence." The second possesses a different charm (see box). The cosmopolitan scion of generations of European and Catholic nobility, he has what John Allen, author of Conclave, called a "princely bearing," which has kept him in good stead among world leaders. Never before have musical chops and impressive posture--as opposed to the men's formidable professional accomplishments--been quite so important to their papal chances as they...

Author: /time Magazine | Title: What The New Job Specs Are | 4/11/2005 | See Source »

...clueless came to run huge companies and earn salaries that would make Croesus blush. I would like the board of directors of any corporation looking for a new ceo to know that I am available and ignorant - just the qualifications, apparently, to get me a job at the top. Allen J. Schuler Louisville, Kentucky, U.S. Classy and Controversial Your story on the success of U.S. secretary of State Condoleezza Rice in reshaping diplomacy was right on the mark [March 28]. When President Bush appointed her, he knew that she would represent him and the U.S. with class, style and brilliance...

Author: /time Magazine | Title: Letters | 4/11/2005 | See Source »

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