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Welcome to globalization. The collapse of the GE-Honeywell merger shows that companies that benefit from a global market can now be governed in all they do by any of the countries or regions in which they do business. There's no settled code of rules in the global marketplace, just a haphazard collection of local practices and habits. Still, the GE case is extraordinary. Never before have officials outside the U.S. nixed a merger between two giant American corporations already approved by the DOJ. Never before have U.S. companies lobbied so ferociously against their U.S. rivals in a foreign...

Author: /time Magazine | Title: How Jack Fell Down | 7/16/2001 | See Source »

...saying, "Image is everything." Agassi may not have enough time left in his career to wipe out the image of his semifinal exit from Wimbledon. Tied 6-6 in the fifth set against Patrick Rafter, Agassi hit a ball that was called out. He uttered an obscenity--a code violation that carries a $2,000 fine--which a lineswoman heard and reported to the umpire. Agassi promptly lost the match, but he wasn't through with the lineswoman. Approaching the net to congratulate Rafter, Agassi turned and smacked a forehand in her direction. "I meant to hit that...

Author: /time Magazine | Title: People: Jul. 16, 2001 | 7/16/2001 | See Source »

...carbs such as breads and cookies are, not surprisingly, the weakest link. What's recommended is an array of produce, the more vibrant the better. "Be drawn to brightly colored fruits and vegetables," advises Dr. Daniel Nadeau, a professor at Tufts Medical School and co-author of The Color Code: A Revolutionary Eating Plan for Optimum Health, due from Hyperion next March. Dr. David Heber, the founding director of the ucla Center for Human Nutrition and author of the just published What Color Is Your Diet? (HarperCollins), suggests seven servings a day of fruits and vegetables, each from a different...

Author: /time Magazine | Title: Color-Coded Nutrition | 7/16/2001 | See Source »

Casey said that he anticipated Summers would return to Washington to push issues important to Harvard such as increasing federal financial aid spending, modifying the tax code to benefit universities and protecting intellectual property rights. However, he said that he did not expect Summers to adopt a “bully-pulpit” framework...

Author: By David H. Gellis, CRIMSON STAFF WRITER | Title: Summers Lobbies for Federal Funds in D.C. | 7/13/2001 | See Source »

...Condit's statements to police may also provide authorities with some leverage. If it's true that it took him until his third interview to confess to an affair with Levy, does that mean he lied to them in the first two sessions? Under the D.C. code obstruction of justice charges can be brought against anyone who "corruptly" (as in by lying) "obstructs or impedes or endeavors to obstruct or impede the due administration of justice in any official proceeding" (such as an investigation of someone's disappearance). For his part, Condit has officially stated that he never asked anyone...

Author: /time Magazine | Title: What Kind of Case Does Gary Condit Have? | 7/12/2001 | See Source »

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