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...Erbitux controversy raised questions at last week's congressional hearings on ImClone as to whether FDA protocol encourages insider trading. But agency officials contend that frequent communication with applicants is essential. "If a sponsor chooses to act on that information and insider trade, that's his responsibility," says Robert Temple, director of the FDA's oncology-drug evaluation group. And last week, without naming names, Treasury Secretary Paul O'Neill suggested a solution to the escalating crisis of executives abusing trust. "We ought to hang them from the very highest branches." --With reporting by Andrew Goldstein/Washington and Unmesh Kher...

Author: /time Magazine | Title: Sam's Club | 6/24/2002 | See Source »

...plan, insists his decision to include her district's Lawrence Livermore nuclear-weapons lab in the new department is a mistake and that the lab is better off as part of the National Nuclear Security Administration. (All the nuclear labs just underwent a major reorganization.) While Lieberman and Thompson contend that Senate rules give their committee the job of drafting the legislation that will create the new department, Republican Orrin Hatch says it should fall under the Judiciary Committee on which he sits. Hastert, meanwhile, is thinking about creating a new committee to do the job in the House...

Author: /time Magazine | Title: Inside Bush's Big Plan | 6/17/2002 | See Source »

...Norway and across the E.U. until the end of the year. For now, Johansen is safe, Manshaus says, because "Jon hasn't done anything for pecuniary reasons." Whatever his motives, the Motion Picture Association - which notified ?kokrim about DECSS - has highly pecuniary reasons to fight such activity. The studios contend that DECSS could spawn a filmic Napster if users decode DVDs into reproducible - and distributable - format. Losses could be huge: research firm Screen Digest estimates that in 2002 Europeans will spend more than ?5.2 billion on DVDs. Programs like DECSS, says MPA chairman Jack Valenti, "destroy crucial protection and expose...

Author: /time Magazine | Title: Enemy At The Gates? | 6/16/2002 | See Source »

What drives Eliot Spitzer? He says he is merely stepping in where other regulators should have but wouldn't. His critics--and there are plenty--contend that his crusades are all about political ambition. "He could have called the SEC and the general counsels of the investment banks and settled this quickly and quietly," says an executive of another Wall Street firm Spitzer has looked into. "His grandstanding and headline-grabbing aren't good." The criticism doesn't seem to faze Spitzer. "I'd rather have them say I'm opportunistic than wrong," he says...

Author: /time Magazine | Title: Spitzer's Spectacle | 6/10/2002 | See Source »

...helps identify structures that are the wrong size or shape. Two years ago, researchers at the University of Pittsburgh showed that the amygdalas of a group of overanxious young children were, on average, much larger than those of their unaffected peers. Perhaps they just had more fear circuits to contend with? Neuroscientists are tempted to say yes, but they admit the conclusion is pretty speculative. Another group of researchers found that patients with post-traumatic stress disorder had a smaller hippocampus than normal. Perhaps their stressful experiences had somehow interfered with the hippocampus' ability to make new memories and, just...

Author: /time Magazine | Title: The Science Of Anxiety | 6/10/2002 | See Source »

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