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...telecom industry get itself into this mess? The birth of UMTS just happened to coincide with the peak of the speculative rage for technology investments. In March 2000, the Spanish government sold some of the first UMTS spectrum licenses to four firms for a total of about $450 million, or roughly $12 for every Spaniard. "The market capitalizations of the companies that got these [licenses] rose by more than they paid for them," says Falk Müller-Veerse, European research manager for the investment group Durlacher. "So everyone said, 'We have to get these.'" Put another way, the stock...

Author: /time Magazine | Title: It Ain't Heavy... It's My Debt | 4/16/2001 | See Source »

...Muslims living in Muslim-ruled areas. In 11th-century Britain, rising property taxes propelled Lady Godiva to ride the streets nude, inspiring popular reform as well as aristocratic candy. Meanwhile, Peter the Great of Russia is reported to have taxed beards, souls, hats, boots, beehives, basements, chimneys, food, clothing, birth, marriage and burial...

Author: By Maryanthe E. Malliaris, CRIMSON STAFF WRITER | Title: The Tax Romana | 4/16/2001 | See Source »

...seen. But hopefully, by the time we visit Lonergan’s Bar again the strike will be settled, 147 people in Co Louth will still have jobs and stout will be flowing from the taps. Guinness that is brewed, poured and served in the nation of its birth is a unique nectar, and my mother deserves at least one more half-pint...

Author: By Jonelle M. Lonergan, CRIMSON STAFF WRITER | Title: Editor's Notebook: Striking Against the Public Safety | 4/10/2001 | See Source »

...After all, it was the Iranian "hostage crisis" that in many ways gave birth to our modern 24-hour media culture. That crisis caused the networks to break the boundaries of news coverage and start a show called "America Held Hostage," hosted by a fellow named Ted Koppel, which eventually turned into "Nightline." Until then, you couldn't get international news at that hour - you got Johnny or an old movie. News was segregated into early evening or morning ghettos - which kept it under control...

Author: /time Magazine | Title: Why the Networks Crave a Crisis | 4/6/2001 | See Source »

...days later, after Ginger’s resignation, he and his wife left Boston for New York to stay with relatives, where Mrs. Ginger gave birth a month later as a charity patient...

Author: By Joshua E. Gewolb, CRIMSON STAFF WRITER | Title: Harvard Admits Role in Forced Resignation | 4/3/2001 | See Source »

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