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...fundamental question is, what is wrong with a nation or society that wants war? America was very happy to arm and support Saddam and Iraq in the '80s, but now it has decided that Saddam is global enemy No. 1. America invaded Afghanistan, but now the Afghan people continue to live in a broken nation. Regimes like North Korea's pose a greater threat to world peace than Iraq's. DAN RABINOVICH Montreal...

Author: /time Magazine | Title: Letters: Mar. 24, 2003 | 3/24/2003 | See Source »

...Swedish-Swiss engineering firm, ran into serious trouble. The Wallenbergs' strategy: to use market weakness to boost their stakes in core holdings, among them bank SEB, Ericsson, ABB and appliance maker Electrolux. The Wallenbergs are making new investments in technology and have fostered a venture-capital arm. Those investments so far are losing money. But the young Wallenbergs hold to the motto used by their grandfather: "To move from the old to what is about to come is the only tradition worth keeping...

Author: /time Magazine | Title: Putting On Heirs | 3/24/2003 | See Source »

Fortnum & Mason is only the most elegant arm of this family's LONDON-based firm, which started out selling sliced bread...

Author: /time Magazine | Title: Putting On Heirs | 3/24/2003 | See Source »

...Through aggressive dealmaking, he has spun his stake in Matra into a 15% share of EADS, which makes Airbus jets. His son Arnaud, 41, is leading the growth of Lagardere's media division, with about $8 billion in annual sales. Last October Arnaud agreed to acquire the book-publishing arm of ailing Vivendi Universal for $1.25 billion--giving Lagardere an estimated 70% of the French book market. In a strange twist, a shadowy Swiss-based firm with links to Iraq and possibly Saddam Hussein owns about 2% of Lagardere's shares, but the holdings were frozen...

Author: /time Magazine | Title: Putting On Heirs | 3/24/2003 | See Source »

...third American was wearing a tan t-shirt and tan fatigue-style trousers. He had a white patch on his left arm where blood may have been taken and a bandage above his left elbow. There were dark stains that might have been blood on his t-shirt on the right side of his torso. His arms and hands were also stained- possibly with blood. There was also a line of congealed blood running across his eyebrows and down the right slope of his nose. He was lying on a sofa-sized red cushion as a man off camera reached...

Author: /time Magazine | Title: Graphic Footage Hits the Airwaves | 3/23/2003 | See Source »

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