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...dividend tax to spark a sustained stock market rally, which in turn will convince Americans that good times have returned, causing them to spend more money and thus give a boost to the economy. And that, they hope, will ensure that this President Bush will escape the fate of his father, who lost in 1992 largely because consumer spending collapsed while he kept insisting that the 1990-91 recession was over and done...

Author: /time Magazine | Title: Commentary: In Stocks He Trusts | 1/11/2003 | See Source »

...That's a level of uncertainty that Bush will have to endure. Congress will likely pass much of his $674 billion stimulus plan, including the $300 billion dividend tax cut. When that happens, the president will have placed his faith, and his fate, in Wall Street. Which is why he may be spending a lot more time in front of the television, watching CNBC and crossing his fingers...

Author: /time Magazine | Title: Commentary: In Stocks He Trusts | 1/11/2003 | See Source »

...last year, he suggested the company would be willing to merge its drug business as long as it maintained control of the new entity. In November, he dropped that demand. "We can no longer realistically expect Bayer to have a majority interest," Wenning said. The most likely fate for Bayer's drug business would be to merge with one of Europe's middle-sized drug companies, such as Germany's Schering. A mid-sized suitor would be attracted to Bayer's existing U.S. sales and Bayer management could receive 30-40% of the shares in such a combination. "There...

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

...East, which has immense oil reserves [WORLD, Dec. 2]. Saddam is a pain in the neck for the Bush Administration. But after Saddam's exit, who will fill the vacuum and control the subsequent chaos? The Iraqi exile community is a joke. Let Saddam's own people decide his fate. Dictators do not last forever. Instead of wasting billions of dollars to wage a stupid personal war against Iraq, President Bush should use the money to boost the U.S. economy. SYED RASHID ALI SHAH Vroomshop, the Netherlands...

Author: /time Magazine | Title: Letters: Dec. 30, 2002 | 12/30/2002 | See Source »

...Shanghai Biennale, which kicked off late last month and runs through Jan. 20, 2003, isn't suffering the same fate. This is the fourth hosting of the festival, and it's finally getting top billing from the international art community. This year's exhibition, housed in the city's recently refurbished Shanghai Art Museum at 325 Nanjing Xi Road, has as a theme "urban creation." And on display are the works of artists both delighted and disturbed by a rapidly changing metropolitan landscape. Among the star pieces are a playhouse-size structure made of plastic Coca-Cola bottles and designed...

Author: /time Magazine | Title: China's Art Scene: the Naked Truth | 12/23/2002 | See Source »

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