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...Still, it's a sign of the times that the corporation recently put in place audit controls to detect possible corrupt payments and is implementing a code of ethical conduct for its employees. Is that enough to prevent a repeat of the abuses of a decade ago? Maybe not. Amid the diplomatic fallout of the war in Iraq - and with that country's oil industry in play - the French are more than ever up against an Anglo-Saxon world. But now there are stronger deterrents, and greater oversight, to prevent a return to Elf's salad days...

Author: /time Magazine | Title: Gushing Greenbacks | 4/27/2003 | See Source »

...special forces led battalions of peshmerga, who for the most part met no Iraqi resistance. To the east, however, it was a different story, as Iraqi soldiers tried to mount a last stand. They were positioned at the city's edge, having retreated there from bases farther afield amid intense bombing that began in March. This meant Kirkuk's first line of defense was now also its last...

Author: /time Magazine | Title: With The Troops: A Family's Last Stand for Saddam | 4/21/2003 | See Source »

President Bush, though, is taking nothing for granted, having learned from his father's neglect of a slumping economy amid his soaring popularity after the first Gulf War. Only moments after watching on TV a statue of Saddam Hussein come crashing down in Baghdad, Bush met with top advisers last week to discuss ways to pass as much as possible of his proposal to stimulate the economy with $726 billion in tax cuts...

Author: /time Magazine | Title: Why the Bear Will Lose Its Bite | 4/21/2003 | See Source »

...economy was "prone more to long-term growth and not stagnation." For him, that's downright exuberant. And the downbeat Roundtable survey held a hidden gem: more than half of big-company executives said their top worry was the resiliency of the consumer--who is demonstrably regaining confidence amid the rapid success and few American casualties of the war in Iraq...

Author: /time Magazine | Title: Why the Bear Will Lose Its Bite | 4/21/2003 | See Source »

Saban's German TV networks eked out a $57 million profit in 2002 amid a stagnant global ad market. But revenue has recovered somewhat in recent months, and Saban sees great potential in Kirch's licensing business, which was untended during the bankruptcy proceedings. The film library "has tremendous value," says a top Saban aide. If the next global kids' hit is hidden there, you can bet Saban will spot it. --With reporting by William Boston/Berlin

Author: /time Magazine | Title: Morphin Mogul: Israeli-American billionaire Haim Saban has a new TV empire to play with in Germany | 4/21/2003 | See Source »

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