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...Last week Argentina moved closer to defaulting on its $128 billion in debt, an amount equal to about half its GDP. "Argentina's domestic financial shield may be beginning to crack," observes international economist Shandra Modi of IDEAglobal, a consulting firm in New York...

Author: /time Magazine | Title: Recovery At Risk | 8/1/2001 | See Source »

...sanctity of the ABM treaty than the harm its demise might do to Russia's standing in the world and his image at home. Analysts in most capitals, including Moscow, think he's bargaining for everything he can get before he says O.K. He needs the veneer of equal dialogue, and the sweeteners could be costly--no NATO expansion; keeping quiet as Russia continues economic ties to Iraq and Iran...

Author: /time Magazine | Title: A Salesman On The Road | 7/30/2001 | See Source »

...justification, Loder feels he is being unjustly branded a villain. Hydrologists say a lined lake generally loses less water from evaporation than a lawn of comparable size, since grass consumes soil water while losing moisture through its blades--meaning the more than 100 golf courses in the area deserve equal scrutiny. "The lake looks wasteful," Loder says, "but it uses half the water a date grove would use, and I've attracted high-end buyers whose money feeds the local economy." Loder's completed project could add more than $1 million in property taxes, so supporters contend the lake benefits...

Author: /time Magazine | Title: Earth Inc.: Water War | 7/30/2001 | See Source »

BUTT OUT All smokers are not created equal. One in four has a common gene abnormality that nearly triples the risk of coronary heart disease. The gene is associated with reduced antioxidant protection, which may allow tobacco to do more damage...

Author: /time Magazine | Title: Your Health: Jul. 23, 2001 | 7/23/2001 | See Source »

...York Democratic Sen. Daniel Patrick Moynihan and AOL-Time Warner executive Richard Parsons, painted a dire picture in their draft report. Unless repaired, Social Security will need tax increases or "massive" deficit spending by Congress to keep it afloat, their report warns. By 2020, Social Security's shortfall will equal the combined budgets of Head Start, the Women, Infants and Children nutrition program, the Environmental Protection Agency, plus the Education and Commerce departments. Baby boomers will be shortchanged. Women, minorities and the poor will suffer...

Author: /time Magazine | Title: The Coming Fight Over Privatizing Social Security | 7/23/2001 | See Source »

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