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...single most important raw material for the chemical industry. So when oil prices rise sharply?as they have over the past few months?chemical companies usually feel the pinch hardest. But when the big German chemical firm Degussa announced its earnings last month, the news was far from gloomy. Heinz-Joachim Wagner, Degussa's chief financial officer, calculated that the firm's raw-material costs had risen by more than a third over the past 18 months. Still, sales and earnings were up in the first half of this year and Wagner says he expects the trend to continue...

Author: /time Magazine | Title: Roll Out the Barrel | 8/29/2005 | See Source »

...FRIENDS WITH EVERYONE FROM DICK CHENEY TO TERESA HEINZ KERRY AND MARRIED TO A GUY WHO GETS CALLED THE SECOND MOST POWERFUL MAN IN THE US. DOESN'T THAT COMPROMISE YOUR COVERAGE? I don't think so. It is a balancing act that many people in Washington perform. And my husband and I very carefully don't discuss his work. At times, it can be really frustrating. I'm a reporter. I want to know. Once, he came down to Little Rock to meet with the newly elected [President] Bill Clinton, and I was assigned to cover the transition there...

Author: /time Magazine | Title: 10 Questions for Andrea Mitchell | 8/14/2005 | See Source »

...doomed to perpetual marginalization. Latinos lagged behind whites, African Americans and Asians in income, buying power, education and health. Their image in the media-if it appeared at all-was generally relegated to gardeners, maids and barrio gangsters. When sales of salsa overtook ketchup in the early 1990s only Heinz seemed to care. Then came Ricky Martin and his bilingual anthem to "Living La Vida Loca." The song redefined urban pop and Latinos, almost overnight, became cool...

Author: /time Magazine | Title: Influencing America | 8/13/2005 | See Source »

...haven't disclosed details, but people familiar with the finances say the investors at least tripled their initial investment. Over the five years of ownership, the firm has expanded in Asia and Europe, strengthened its U.S. business via a joint venture with IBM and doubled its operating profits. Karl-Heinz Stiller, Wincor Nixdorf's CEO, points out that the firm created 3,200 jobs, including more than 1,000 in Germany. "I would go the same way again anytime because I was and still am convinced about our business model," he says...

Author: /time Magazine | Title: Buyout Mania | 7/18/2005 | See Source »

Republican Senator John Heinz of Pennsylvania is planning to introduce a bill in Congress that would compel hospitals to arrange suitable follow-up care for discharged patients and make local Medicare watchdog agencies responsible for supervising such arrangements. A report to be released later this month by Harvard's Center for Health Policy and Management proposes a more radical solution: revising the Medicare system so it pays for extended nursing-home stays, home care and other outpatient care. Such reform, which could cost $50 billion a year, seems unlikely to win congressional favor in an era of cost cutting...

Author: /time Magazine | Title: Medicine: Welcome to the No-Care Zone | 6/21/2005 | See Source »

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