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...Forget the accounting scandals, the CEOs fending off fraud charges, the churning stock market. The business world has become obsessed with corporate nuptials. Merger mania is back, executives are cashing out and, if history is any guide, investors should be running for cover. A couple of months ago, Kmart and Sears got engaged. Then Nextel and Sprint announced their $35 billion wedding. Johnson & Johnson is buying Guidant, a maker of medical devices, for $24 billion. Two of the splashiest deals came last week: SBC, the Baby Bell based in San Antonio, Texas, looked poised to swallow its former parent...

Author: /time Magazine | Title: Land of the Giants | 1/31/2005 | See Source »

...some poor soul, but a sentry for the Camorra." The current violence, he thinks, is a call to strengthen Italy's justice system. Drug dealers "should know they risk serving real time," he says. But Pisani worries that not even prison can stop the killing. "These people don't forget their dead," he says. "A war like this only ends when one side is completely annihilated...

Author: /time Magazine | Title: Naples Agonistes | 1/31/2005 | See Source »

...While Yushchenko focuses on diplomacy - last week at the World Economic Forum in Davos, Switzerland, he promised the "swiftest possible attainment" of the criteria for E.U. membership - Tymoshenko says economic reform is still her priority. "Taxes must become inevitable but affordable," she says. "I want to say to people, 'Forget about paying bribes. Pay taxes.'" Yushchenko is confident that public doubts about her will fade; "Time is the best doctor," he said in Davos. People "must feel that life is becoming steadier," Tymoshenko says. "Once they acquire new opportunities, all the fears and confrontations will collapse like a house...

Author: /time Magazine | Title: Ukraine's Iron Lady | 1/30/2005 | See Source »

...spread--to shake the world from its self-absorption. The tsunami that destroyed thousands of lives from Sumatra to Somalia engendered an instant, near-universal outpouring of concern, shared grief and charitable giving. Ronald Reagan once startled the U.N. by suggesting in a speech that humanity would unite and forget its petty divisions if we were attacked from outer space. This elicited widespread head scratching, but the point was unassailable: external threats do exactly that--not little green men but forces closer to home, forces we often assume we have tamed...

Author: /time Magazine | Title: Shock and Awe | 1/24/2005 | See Source »

...have health problems, I have health issues,? he snaps. And he?s also tired of talking about his past. ?You hardly hear anything about Bill Clinton or Robert Downey, Jr. There's racism in the downfallen community,? the ex-mayor says. ?If you?re white, people forget about it in a year...

Author: /time Magazine | Title: Marion Barry's Third Act | 1/24/2005 | See Source »

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