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...midweek it was apparent that the inquiry was focusing on a series of unusual stock transactions that had surrounded a bitter takeover fight earlier this year for control of the Distillers Company, makers of Gordon's Gin and Johnnie Walker scotch. Two companies were bidding for Distillers, Guinness and a supermarket chain called the Argyll Group. Both bidders had offered Distillers' shareholders a mix of stock and cash. But shortly before the contest was over, a sudden and mysterious flurry of trading raised the value of Guinness's stock while lowering Argyll's. Its offer thus sweetened, the giant brewery...

Author: /time Magazine | Title: Storm Brewing: A stock probe jolts Guinness | 1/26/2007 | See Source »

...hard-selling free-trade pacts to Nicaraguan street vendors who aren't likely to see their benefits, the U.S. is sending signals that it's ready to embrace the kind of policies that matter to Latin voters. Bush himself made a surprise phone call this month to Washington's bitter cold war enemy, Daniel Ortega of Nicaragua, to congratulate him on winning the presidency again and to pledge U.S. support in urgent areas like microfinancing for small- and medium-size businesses, which employ most Latin Americans. Experts cite myriad other privations they say the U.S. needs to focus on south...

Author: /time Magazine | Title: Is Chavez Becoming Castro? | 1/25/2007 | See Source »

...Marine Corps' seal, is titled Small-Unit Leader's Guide to Counter-Insurgency. The second is the small green notebook in which he records details of meetings with his Iraq counterpart, General Samir. U.S. commanders plan to employ classic counterinsurgency tactics rediscovered by the U.S. military through a bitter process of trial and error in Iraq. One question they face, though, is whether Washington has learned those lessons too late. Another is whether the Iraqi government and security forces on whom the new strategy crucially depends are actually part of the problem...

Author: /time Magazine | Title: U.S. Soldiers Brace for Their Surge | 1/25/2007 | See Source »

...with a simple directness. His call to arms against the plight of the homeless in the bitter winter of 1954, after a woman froze to death in Paris with her eviction notice in hand, remains one of the most broadly cited expressions of human compassion in the French language. Once he became famous, he was happy to embarrass those who honored him into taking real action. In 1992 he was named a Grand Officer in the French Legion of Honor, but refused to wear the insignia until the government found a humane solution for the plight of 300 African families...

Author: /time Magazine | Title: France's Voice of the Voiceless | 1/22/2007 | See Source »

...Over the weekend, the trade association's members voted to trigger a consumer protection program designed in response to the 1998 freeze, after which growers inadvertently sold damaged fruit. An orange often takes days to show decay on the outside, even though it will be bitter and dry on the inside. California growers are now holding harvested fruit in packing houses for four to five days and testing it to avoid another PR snafu. And while growers will make more money on the few oranges they are able to sell, they are also aware that they have an incentive...

Author: /time Magazine | Title: Get Ready for an Orange Crunch | 1/17/2007 | See Source »

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