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...Italy, perhaps, demonstrates the point. Nobody sensible imagines that Silvio Berlusconi, its new Prime Minister, is likely to exile his opponents to the Lipari Islands, as Benito Mussolini was wont to do. Nor does one necessarily have to agree with the Economist's famous pre-election pronunciamento that the cloud of criminal allegations surrounding Berlusconi made him "not fit to lead the government of any country." All you need to do is look at the record. The sheer scale of Berlusconi's financial and business dealings - when the state-owned networks and his own Mediaset empire are taken together...

Author: /time Magazine | Title: The Danger of Elections | 5/28/2001 | See Source »

...decade of contraction in the business, with companies having shut offices from New Orleans to Oklahoma, deregulation and new marketing strategies are sparking Houston's renaissance. "Enron is a leading example of the new energy industry. Ten years ago, there were no trading floors," points out Stephen Brown, senior economist with the Federal Reserve Bank in Dallas. Both Calpine and Reliant will also have trading operations in their new offices...

Author: /time Magazine | Title: WELL OILED: Topping Out In Houston Again | 5/28/2001 | See Source »

...Japan for decades. And in an early sign of his thinking, he has turned over economic-policy management not to the Ministry of Finance, an organization that is the ne plus ultra of bureaucratic lethargy and intellectual suicide, but to the fast-moving Takenaka, 50, a U.S.-inspired economist and academic...

Author: /time Magazine | Title: The Shock Therapist | 5/28/2001 | See Source »

...decade of contraction in the business, with companies having shut offices from New Orleans to Oklahoma, deregulation and new marketing strategies are sparking Houston's renaissance. "Enron is a leading example of the new energy industry. Ten years ago, there were no trading floors," points out Stephen Brown, senior economist with the Federal Reserve Bank in Dallas. Both Calpine and Reliant will also have trading operations in their new offices...

Author: /time Magazine | Title: Topping Out In Houston Again | 5/21/2001 | See Source »

...Just how far the Prime Minister is willing to go to restore the party's image will become evident in the next few weeks. "We are definitely at a major turning point," says Manu Bhaskaran, chief Asian economist at SG Securities. So far, most of the casualties have been relatively small fry: six party functionaries were suspended for practicing "money politics" during recent party elections. But a clear indication of Mahathir's resolve will come when the party's Supreme Council decides whether or not to take disciplinary action against UMNO secretary-general Khalil Yaacob. Although accusations of corruption against...

Author: /time Magazine | Title: Another Man Down? | 5/21/2001 | See Source »

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