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...accounting investigation and is struggling to raise $1 billion from asset sales to stay afloat. But as Elan's chairman and CEO Donal Geaney stepped down last week, along with deputy chairman Tom Lynch, their gloom had not really spread to the rest of Ireland's economy. Danny McCoy, economist at Dublin's Economic and Social Research Institute, notes that the troubles of multinationals like Elan "haven't been that destabilizing because there isn't a huge public exposure to the stock market," and because Ireland remains a destination for firms eager to service the European market. Ireland...

Author: /time Magazine | Title: Going from Green to Red | 7/14/2002 | See Source »

...dollar has slid 11% against major currencies since April 1. Famed hedge-fund manager and currency speculator George Soros says the buck could fall an additional 33%. "We're at a tipping point of whether foreigners take a massive stake out of the U.S.," says Joseph Quinlan, senior global economist at Morgan Stanley. "If you have another accounting issue along with weaker than expected growth and poor profitability, then you may see a vicious circle." The next in the series. --With reporting by Alice Jackson Baughn/Jackson, Daren Fonda/New York City and Collette Parker/Atlanta

Author: /time Magazine | Title: WorldCon | 7/8/2002 | See Source »

...also approximates Vivendi Universal's stock price. Shares have dropped around 70% since the start of the year and nearly 40% in the week of Messier's eviction. "Vivendi Universal has always been about, by and for Messier - which worked as long as markets believed in the man," says economist Elie Cohen. "When the stock declined and Messier proved incapable of reversing it, that's when market perceptions, Messier's reputation and Vivendi itself crumbled." The assembly of Vivendi Universal through one billion-dollar deal after another enhanced Messier's reputation as the bright, brash future of European business...

Author: /time Magazine | Title: The Old Guard's Revenge | 7/7/2002 | See Source »

Knowles made one final appointment before he left office: Kirby’s replacement as Director of the Asia Center, Burbank Professor of Political Economy Dwight H. Perkins. Kirby described Perkins as an “economist of worldwide reputation” whose “interests span an enormous part of Asia...

Author: By Dan Rosenheck, CRIMSON STAFF WRITER | Title: Knowles Hands Keys to Kirby | 7/5/2002 | See Source »

...agreements it is the proper authority to try the men. But it?s not lost on wider Palestinian society that not only the accused, but also the judges, prosecutor and the PA security men summarily appointed as 'lawyers' are all, in fact prisoners of the Israelis, right now. The Economist quotes a Fatah member saying that in the wake of the Israeli offensive, the PA itself is something of an illusion...

Author: /time Magazine | Title: Mideast Monitor: Why Gloom Follows Bush Speech | 6/27/2002 | See Source »

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