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Partly because of extraordinarily generous tax breaks but mostly because of high prices guaranteed by Congress, the U.S. pharmaceutical industry, year in and year out, ranks as the country's richest. Pfizer, which for 2002 reported profits of $9.1 billion on revenue of $32.4 billion, earned a return on revenue of 28%, a rate more than twice that of General Electric, nine times that of Wal-Mart and 31 times that of General Motors. To be sure, the pharmaceutical industry insists it needs the higher prices to pay its hefty research and development tab. (The industry spends tens of millions...

Author: /time Magazine | Title: Why Drugs Cost So Much / The Issues '04: Why We Pay So Much for Drugs | 2/2/2004 | See Source »

...last six years, which confounds the pattern of every British government since World War II and ordinarily would guarantee loyalty from his allies. The economy is outperforming the euro zone, and Blair can - and often does - boast of historically low unemployment. Even his tuition-fee bill is more generous to students from poorer backgrounds than the current system. And while Kelly's death was tragic, the evidence given to Hutton also shows he was no paragon: he did not tell the whole truth to his bosses or Parliament's Foreign Affairs Committee about his contacts with reporters, and gave conflicting...

Author: /time Magazine | Title: Tony Blair's Perfect Storm | 1/25/2004 | See Source »

...HMC’s compensation system has been criticized by alumni, who say the group’s earnings policy is too generous...

Author: By May Habib, CRIMSON STAFF WRITER | Title: Top Fund Managers Net $100M in FY03 Payouts | 1/23/2004 | See Source »

...fractious fraternity of couples therapists. Of her advice that troubled couples should "just do it!"--have sex to jump-start a passionless marriage--Schnarch retorts, "Telling low-desire spouses to just do something just pisses them off. Most couples seeking help are angry, and angry sex isn't very generous. These people would rather poke each other's eyes out than stroke each other's genitals...

Author: /time Magazine | Title: Behavior: The Marriage Savers | 1/19/2004 | See Source »

From Milan boardrooms to Parma dairy farms, Calisto Tanzi was long viewed as a model Italian entrepreneur--modest, hardworking and, above all, generous. Over four decades, as he built Parmalat, the food company he founded in Parma in 1961, into a worldwide giant with annual sales of $9.6 billion, he showered the town with his philanthropy. A pious Catholic, Tanzi helped pay for a major restoration of Parma's 11th century basilica. He poured cash into the local pro-soccer team, restored the theater and financed programs for the poor, AIDS patients and drug addicts. "He has got that impulse...

Author: /time Magazine | Title: Enron, Italian Style | 1/12/2004 | See Source »

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