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Drug companies have long skirted criticism of their fat profits by pointing to the huge financial risks they take to develop life-saving medicines. But lately that argument hasn't worked so well. The AIDS pandemic ravaging sub-Saharan Africa, where 25 million people are dying from the disease, has given rise to an alliance of activists, health professionals and politicians who accuse multinational pharmaceutical firms of pricing their AIDS-fighting drugs out of the reach of poor countries while greedily blocking the production of generic copies. That has stunned the industry into a price war in reverse...

Author: /time Magazine | Title: Taking It to the Streets | 4/23/2001 | See Source »

...carry its share was galling to some. Proponents of the deal counter, as the biggest polluter, the U.S. should shoulder more of the reduction burden. Says Kjell Larsson, Sweden's Environment Minister and current President of the E.U.: "The U.S. has made it more difficult by using the argument of their economy and saying, 'We cannot afford to take action.' What do you think the argument from the least-developed countries in the world would...

Author: /time Magazine | Title: A Climate of Despair | 4/23/2001 | See Source »

...taking the biggest slug, did not go down well in Washington even before Bush arrived. In 1997 the Senate, which must ratify treaties, voted 95 to 0 that any global-warming pact that came before it must treat developed and developing countries equally. Such a repudiation is one more argument the Administration is using to pull the plug on Kyoto - though the Senate was probably driven by more than mere conscience. One of the 1997 resolution's sponsors was Democratic Senator Robert Byrd, from the coal-producing state of West Virginia. Other interests - notably the oil and coal industries, both...

Author: /time Magazine | Title: A Climate of Despair | 4/23/2001 | See Source »

...argument escalated into a concert-clearing brawl at the Middle East nightclub Friday night, resulting in the arrest of a Boston man after he stabbed two people...

Author: By Joseph P. Flood, CRIMSON STAFF WRITER | Title: Fight Erupts at Central Square Night Club Friday | 4/23/2001 | See Source »

...Other businesses—and it’s my argument that the majority of failed and struggling dotcoms fit in this category—simply got seduced by the land grab rhetoric of 1998 and 1999. In the middle of Web hype fever, startups were going to take over the world in 18 months, and anyone who wasn’t burning cash by the barrel to get an early lead was dead meat. Consider Kozmo.com. Their idea—Web-based, immediate delivery of videos, food and certain household goods—certainly encountered strong demand, especially...

Author: By Alex F. Rubalcava, | Title: Once and Future Kozmo | 4/23/2001 | See Source »

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