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...lost $1 billion in the first quarter of 2003. "We had no cash, no flight attendants' deal, no access to the [financial] markets, no real understanding by our employees or Wall Street of where we needed to take the company," says Arpey, 45. Forget about the short-term cash-flow problem of a $20 billion company with just $1 billion in the bank and debt payments coming due, he says. "We had a long-term 'Where is the company going?' crisis...

Author: /time Magazine | Title: The American Dream | 5/17/2004 | See Source »

...explosions were responsible for most of last summer's consumer injuries," says the China Consumers' Association. Yet this fragmented market has grown so fast that China passed the U.S. as the world's biggest guzzler in 2002, and by 2007 one in five bottles sold in the world should flow into Chinese bellies...

Author: /time Magazine | Title: Trouble Brewing | 5/10/2004 | See Source »

...fact is that Presidents have very little effect on the state of the economy. Sure, they can affect trade policy, regulation, the environment and, of course, foreign policy. But the economy? With globalization, trillions of dollars flow daily in and out of financial markets. One dollar in 10 is now involved in foreign trade. All advanced economies are subject to huge outside forces beyond a President's control. Moreover, U.S. Presidents have even less economic control than most other democratic leaders. The President does not control the money supply; the Federal Reserve does. Presidents cannot dictate their own budgets...

Author: /time Magazine | Title: Where Presidents Have No Power | 5/10/2004 | See Source »

...rooftop greenhouse with patients who have suffered spinal-cord and head injuries as well as strokes. "When people have a devastating illness, you try to tap into something they want to do," she says. "I have seen standing tolerances improve while people are planting. When you are in the flow of an activity, you aren't as aware of your pain. Gardening helps our patients focus on the ability, not their disability...

Author: /time Magazine | Title: Body & Mind: Flower Power | 5/10/2004 | See Source »

...fact is that Presidents have very little effect on the state of the economy. Sure, they can affect trade policy, regulation, the environment and, of course, foreign policy. But the economy? With globalization, trillions of dollars flow daily in and out of financial markets. One dollar in 10 is now involved in foreign trade. All advanced economies are subject to huge outside forces beyond a President's control. Moreover, U.S. Presidents have even less economic control than most other democratic leaders. The President does not control the money supply; the Federal Reserve does. Presidents cannot dictate their own budgets...

Author: /time Magazine | Title: Where Presidents Have No Power | 5/3/2004 | See Source »

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