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...Bush signs campaign finance reform into law, it could have a profound effect on American politics. The bill would ban the national parties from collecting the unlimited and unregulated donations known as "soft money." In the 2000 election, Republicans and Democrats raked in about a half billion dollars in soft money. Under the new bill, big dollars will still talk in political campaigns. The measure raises the amount of "hard money" that can be given to specific candidates, even though it's subject to more regulation and individual limits. But choking off hundreds of millions of unregulated soft dollars that...

Author: /time Magazine | Title: How Campaign Finance Reform Changes Everything | 2/20/2002 | See Source »

...emphasis on television advertising that we've seen in the last two election cycles," Corrado believes. The millions of dollars in unregulated soft money enabled the two parties to spend lavishly on TV. They won't able to do as much of that under the new regulations, which also ban sham "issue" ads being broadcast on TV or radio just before an election, whose real purpose is to attack a candidate. But the bill allows corporations, labor unions and especially special interest groups to pump practically all the money they want into grass-roots activities, such...

Author: /time Magazine | Title: How Campaign Finance Reform Changes Everything | 2/20/2002 | See Source »

...restricted as heroin. Anyone possessing such foods is supposed to dispose of them now, though hemp sellers and eaters won't be prosecuted until March 18. Nationally marketed products include the Hempzel Pretzels, baked in Pennsylvania, and Organic Hemp Plus Granola, made in Blaine, Wash. Gastronomically speaking, a ban on these earthy-tasting comestibles would be no great tragedy--though the hemp-crazy Galaxy Global Eatery in New York City serves an apple pie with a delightful hemp crust...

Author: /time Magazine | Title: This Bud's Not For You | 2/18/2002 | See Source »

Economically speaking, though, a ban could ruin the 20 or so companies that make and sell more than $5 million worth of hemp waffles, salad oils and other foods a year. Hemp Universe here in Lexington stopped selling food weeks ago, and Whole Foods Market of Austin, Texas, recommended last week that its 129 stores remove hemp products. Other retailers are holding firm, saying hemp foods contain such tiny traces of THC that the chemical wouldn't register in a routine lab test. But that's not the same as having zero THC, and the threat of further DEA action...

Author: /time Magazine | Title: This Bud's Not For You | 2/18/2002 | See Source »

...Mainland officials well know that chicken flu is bad for business. After each H5N1 outbreak, Hong Kong has banned poultry imports from China, if only temporarily. When Macau detected H5N1 in Chinese geese last May, Chinese waterfowl imports were banned for three months. And after avian flu was detected in Chinese duck meat by Seoul authorities in mid-2001, Japan and South Korea imposed a two-month ban. Within days of Hong Kong's latest outbreak, sales of chicken plunged 80%?an estimated loss to retailers of $13 million. "This is supposed to be our peak season," says Wong...

Author: /time Magazine | Title: Hong Kong's Fowl Problem | 2/18/2002 | See Source »

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