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...restructuring," Lönngren told the Parliament. "Never has so much money been spent on R and D with so little outcome." (R and D costs as a percentage of drug-company sales were 12% in 1970, 15% in 1990 and 20% today.) He said research projects were being driven not by health questions but by financial considerations - a demand for blockbuster drugs to help pay for the 60% of drugs that don't return a profit. One result: an upsurge in marketing costs. In 2000 Merck spent $161 million promoting the arthritis remedy Vioxx, more than Pepsi spent advertising...

Author: /time Magazine | Title: Who'll Swallow Bayer? | 1/5/2003 | See Source »

...Spitzer story begins on the Lower East Side of Manhattan, where both his parents grew up. His father Bernard was reared in a tenement with no heat, sharing a bathroom in the hall with the neighbors. Bernard, whose father had been an officer in the Austrian army, was intensely driven. He qualified for an elite school in the city and managed to graduate from City College at 18. A civil engineer by training, he went into real estate and made his fortune. He has constructed about a dozen properties in Manhattan, among them several high-end buildings on the edge...

Author: /time Magazine | Title: Eliot Spitzer: Wall Street's Top Cop | 12/30/2002 | See Source »

...opinions closely guarded, she has muffled some of the war whoops coming from more hawkish members of the Administration. "Rice has weighed in more on Iraq and other issues this year," says a senior official. "That's one reason why Powell looks like a success." The intense and driven Rice has not always been a force for moderation. When public support for taking down Saddam flagged last summer, she turned up the volume on links between Baghdad and al-Qaeda. Rice shares a bond with Bush that is akin to family. She is often the first of his staff...

Author: /time Magazine | Title: Dick Cheney: The Calm Mediator | 12/30/2002 | See Source »

...made his young charge the point man for an informal group of new G.O.P. members that was trying to create a fresher, more appealing face for the Republican Party. It was nicknamed "Rummy's Raiders," after its leader, Illinois Representative Donald Rumsfeld. Cheney got to know the boisterous and driven former fighter pilot well enough that when Rumsfeld was tapped by President Richard Nixon to run the Office of Economic Opportunity, Cheney wrote him an unsolicited memo outlining how he should handle the job. Rumsfeld hired Cheney on the spot as his lieutenant...

Author: /time Magazine | Title: 7 Clues To Understanding Dick Cheney | 12/30/2002 | See Source »

...Laura's homosexual son (Ed Harris, in a truly ugly performance), an AIDS sufferer whose relentless anger is directly traceable to Mom's long-ago desertion of him. Somehow, despite the complexity of the film's structure, this all seems too simple-minded. Or should we perhaps say agenda driven? The same criticisms might apply to the fact that both these fictional characters (and, it is hinted, Woolf herself) find what consolation they can in a rather dispassionate lesbianism. This ultimately proves insufficient to lend meaning to their lives or profundity to a grim and uninvolving film, for which Philip...

Author: /time Magazine | Title: Holiday Movie Preview: The Hours | 12/23/2002 | See Source »

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