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...financial aid to the Palestinians and called for an international force to be deployed in the West Bank and Gaza. The latter, of course, is anathema to Israel, and the U.S. on Tuesday night used its veto power kill a U.N. Security Council resolution mandating such a force. The extent to which that alienates the Arab allies Washington needs to hold its line against Iraq will depend largely on the reaction of the Arab street...

Author: /time Magazine | Title: Middle East Stumbles Toward a Violent Equilibrium | 3/28/2001 | See Source »

...extent that "Crouching Tiger" (distributed by tiny Sony Pictures Classics) and "Traffic" (USA Films) made things interesting before "Gladiator" (young but powerful DreamWorks) took home the top prize, the Oscars represented a victory for the little guy - sometimes a victory for the little little guy over the big little guy. Sony Pictures Classics has long toiled in the shadow of savvy Miramax Films, the ingenuity of whose Oscar campaigns is notorious. But last night SPC copped five awards (four for "Crouching Tiger" and Harden's statuette), while Miramax went Oscarless for the first time in 13 years...

Author: /time Magazine | Title: Crouching Traffic, Hidden Winner | 3/26/2001 | See Source »

...consumer drama will play out. The worry factor is not to be underplayed. Recessions and bear markets are as much about psychology as fundamentals, which is precisely why the stock market--unable to find something it can believe in--has worked up such a sweat. To that extent, the media may be fueling the pessimism. In January, TIME put the worried faces of a family of four on the cover and expounded on HOW TO SURVIVE THE SLUMP. More depressing has been the recent stream of daily headlines about plunging stock prices. And in a high-risk...

Author: /time Magazine | Title: The Stock Market: Zap! | 3/26/2001 | See Source »

...profile support to the Palestinian cause during the intifada, which has helped their image on the Arab streets. Today you won't find an Arab leader who would oppose easing sanctions against Iraq. Saddam has basically won the p.r. battle over sanctions in the Arab world, and to some extent in the wider world as well...

Author: /time Magazine | Title: Arab League Focuses on How to Ease Iraq Sanctions | 3/26/2001 | See Source »

...overthrow Saddam, and that they're giving him ammunition for his propaganda war. The position that economic sanctions that hurt the people rather than the regime should be lifted will be a point of consensus between mainstream Arab opinion and the U.S. But a crucial test remains to what extent Syria and Jordan will continue to tolerate smuggling, because right now Arab economies are hurting and there's competition to be the main conduit for smuggling to Iraq...

Author: /time Magazine | Title: Arab League Focuses on How to Ease Iraq Sanctions | 3/26/2001 | See Source »

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