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...With hard-liners seizing on such testimony as reason to attack, it falls to Secretary of State Colin Powell - whom many Administration hawks blame for preventing a march on Baghdad at the end of the Gulf War - to play the lonely diplomat. While batting down rumors that he is fed up and quitting, Powell and his deputy, Richard Armitage, are close to getting a new set of Iraqi sanctions at the U.N. But other Administration principals fear that Saddam is working his own U.N. angle for the return of weapons inspectors to Iraq, whose presence could make the U.S. look...

Author: /time Magazine | Title: "We're Taking Him Out" | 5/5/2002 | See Source »

...Certainly the news was all Wall Street needed to start wailing again. The markets took another beating to close a mostly bruising week as investors ignored the glass-half-full interpretation (at least the Fed won't raise rates next week) in favor of the glummer view: The longer businesses wait before hiring again, the greater the chance consumers will run out of money, or the confidence to spend it, before they do. The business' recovery, meanwhile, can't sustain itself without consumer demand...

Author: /time Magazine | Title: The Importance of Ignoring the Unemployment Number | 5/3/2002 | See Source »

...head to the neighboring town of Desert Hot Springs for a night at Hope Springs. Formerly a residential hotel, Hope Springs is a low-key and welcoming 10-room inn done over in an austere '50s style. Soak your tired feet in its flow-through system of three spring-fed mineral pools, and say hello to Hector, a wirehaired terrier rescued by manager Nancy Morgan from the surrounding desert. (The lobby fire pit, done over as a tile fountain, is Hector's unofficial water bowl.) Better yet, stay in town--at L'Horizon, where Marilyn Monroe always took Room...

Author: /time Magazine | Title: Time Traveler: Mojave Modern | 4/29/2002 | See Source »

...While the ISI appears to have turned its back on the Taliban and its extremist comrades, it hasn't completely abandoned ties to militants. Activity has been suspended in the training camps that once fed the Kashmir rebellion, militants say. But the ISI seems unwilling to make an irrevocable breach with the guerrillas, in the event it later decides to rev up its clandestine support of them, according to foreign diplomats. The seven main suspects still at large in the kidnapping and murder of Wall Street Journal correspondent Daniel Pearl last January all had indirect links with the spy agency...

Author: /time Magazine | Title: Has Pakistan Tamed its Spies? | 4/28/2002 | See Source »

...Where'd it come from? The government, both from a vigorously rate-cutting Fed and a tentatively tax-cutting Congress. Consumers, whose stalwart spending habits grew at an annual 3.5 percent pace even after all the good car-buying deals were gone. And businesses, which continued to slash inventories by $36.2 billion in Q1 - but not nearly as much as in the fourth quarter, when they unloaded a record $119.3 billion...

Author: /time Magazine | Title: GDP Way Up. Dow Way Down | 4/27/2002 | See Source »

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