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...long been the largest single purchaser of Iraqi oil, although often through intermediaries, some of which may pay kickbacks to Baghdad. Washington supports the Oil for Food program because it helps funnel money to the Iraqi people, but the illegal surcharges paid by middlemen are passed on to U.S. refineries and, eventually, come out of the pockets of American motorists. In January 2002, when President Bush named Iraq as part of the "axis of evil," the U.S. was buying some 75% of all Iraqi oil funneled through the Oil for Food program...

Author: /time Magazine | Title: Inside Saddam Inc. | 3/10/2003 | See Source »

...This doesn't seem to have registered in Seoul, where the escalating crisis hasn't deterred South Korea from pushing ahead with plans to funnel more economic aid to the North. Last week, executives from South Korea's Hyundai Asan, a subsidiary of the giant Hyundai conglomerate, were taken in buses across the border on a road built to improve access to a tourism development in the North. The caravan over the first new route across the DMZ since the end of the Korean War was a poignant, intensely emotional moment for Koreans. Hyundai Asan plans to pour $250 million...

Author: /time Magazine | Title: Spoiling for a Fight? | 2/10/2003 | See Source »

...annually, its market has sunk more than 40% since its June 2001 peak. Stock-rigging scandals and lax corporate disclosure have sapped investors' confidence, and Shang must restore their faith. To do so, he will have to fend off government officials who see the market as a vehicle to funnel investors' cash into profitless state-run companies. He will need formidable political skill, even bravery-Shang's predecessor received death threats when his market-oriented reforms drove stock prices down...

Author: /time Magazine | Title: China's New stock cop | 1/6/2003 | See Source »

...edge of the casbah, Colonel Noam Tibon and his patrol funnel from their jeeps and spread out. It's 1 a.m. and the dark streets of Nablus, under curfew for almost four months, are deserted. Twelve hours ago, a Palestinian gunman shot two Israeli border policemen on this spot. Even now, the shadows and silence are deceptive. "If we stand here a few more minutes, they'll shoot at us," says Tibon, the 40-year-old commander of the Nahal Brigade. In those circumstances, most people would leave right away. But Tibon plans to stay. Israel's reoccupation...

Author: /time Magazine | Title: Standoff In Nablus | 10/20/2002 | See Source »

With this elementary ethical principle in mind, I challenge the admissions office to come forward with statistics that refute the fact that the Z-list is composed almost entirely of wealthy legacy students—and if they do not, I challenge them either to disband this elitist money-funnel, or at the very least to be upfront about its true raison d’etre...

Author: By Zachary S. Podolsky, | Title: Veritas Has No 'Z' | 10/17/2002 | See Source »

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