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...attacking Iraq. Peace will come when a nation like the U.S. understands that we are all part of the same human species and what happens to those in Rwanda or Zimbabwe or Iraq or India is as important as what happens to people in New York City. Adam Hess Cape Town...

Author: /time Magazine | Title: Letters: Oct. 21, 2002 | 10/21/2002 | See Source »

...this month's terror bombing of an oil tanker off the coast of Yemen. European companies such as TotalFinaElf and Royal Dutch Shell have long been players in the region but leading the new charge are U.S. giants ExxonMobil and Chevron and independents such as New York-based Amerada Hess. American firms have been particularly aggressive in wooing new producing countries like Equatorial Guinea and can tap their experience in deep water drilling in the Gulf of Mexico. West African oil is low in sulphur, which makes it easy to refine. Because most of it lies offshore, foreign oil companies...

Author: /time Magazine | Title: Black Gold | 10/20/2002 | See Source »

DIED. ORVAN W. HESS, 96, pioneering obstetrician and gynecologist; in New Haven, Conn. In 1942 Orvan injected a human patient with penicillin in a last-ditch effort to save her and became the first doctor in clinical practice to use the antibiotic successfully. Fifteen years later, he developed the first fetal-heart monitor. Today versions are used in delivery rooms worldwide...

Author: /time Magazine | Title: Milestones Sep. 30, 2002 | 9/30/2002 | See Source »

...blind spots of the American corporate structure are penetrating, yet he is surprisingly optimistic and even humorous at times. We desperately need leaders like Nader--truly in touch with the fundamental realities that are shaping our lives and our world--and courageous enough to speak up strongly. SCOTT HESS Petaluma, Calif...

Author: /time Magazine | Title: Letters: Aug. 26, 2002 | 8/26/2002 | See Source »

...values are in natural gas (where Buffett has been buying). Typically, gas-company P/Es are slightly above the S&P multiple. Today the group trades at a 50% discount, Manley notes. Big oil companies don't look cheap, but domestic producers are trading below the market average, including Amerada Hess. Electric utilities are best valued by their dividend yields. Secure yields of 4% to 6%--as with FPL and Public Services Enterprises--are out there...

Author: /time Magazine | Title: Sunken Treasure? | 8/12/2002 | See Source »

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