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...rushed staff to Moscow just in case. The incident reminded Russian security agencies that the threat of further Chechen attacks is real, and exposed worrying gaps in Moscow's readiness to respond. A MCHS source tells TIME rescue workers began training for a chemical attack last December and now conduct exercises in the Moscow subway at least once a month. But, says the source, "The bottom line is that we can't do a damn thing should it happen." That's because rescue workers are outfitted with incompatible equipment, thanks to what one high-level staffer calls malpractice...

Author: /time Magazine | Title: World Watch | 2/2/2003 | See Source »

Harvard filed arguments in federal court yesterday disputing that the conduct of two University affiliates undermined a U.S. government-funded economic reform program in Russia and should cost the University $102 million in penalties...

Author: By Elisabeth S. Theodore, CRIMSON STAFF WRITER | Title: Harvard Denies Charges in HIID Suit | 1/31/2003 | See Source »

Kaplan will release more study results next week based on the student feedback regarding December examinations, Serrano said, and the company will continue to conduct such studies in the future...

Author: By Samuel M. Kabue, CONTRIBUTING WRITER | Title: Harvard Ranks Low As Testing Facility | 1/29/2003 | See Source »

...rules could put many major Japanese banks in imminent danger of failing to keep their ratio of capital-to-assets above 8%?a crucial industry minimum that banks must maintain to conduct business internationally. More importantly for executives looking to save face (and their jobs), 8% is also the magic number at which the FSA can forcibly recapitalize a bank or place some operational control in government hands. Desperate to raise capital, Japanese banks are finally overcoming their deeply ingrained disdain for foreign investors. American investment bank Merrill Lynch was recently allowed to take an $849 million stake...

Author: /time Magazine | Title: Too Big to Fail? | 1/27/2003 | See Source »

...NATO facilities in the vicinity. And just two days before that in another pre-dawn raid, this time in a shabby neighborhood in North London, a police helicopter swooped down on the North London Central Mosque in Finsbury Park while 150 police battered down doors and broke windows to conduct a search of the building. Seven men, six North Africans and one East European, were arrested under the Terrorism Act 2000. At the end of the week, two North Africans remained in custody under the Terrorism Act, one man was released and four others held on alleged immigration offenses...

Author: /time Magazine | Title: Hidden Threat | 1/26/2003 | See Source »

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