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Seereeram contacted Dominica's government after seeing documents related to the bonds. According to the terms of the deal, outlined in documents obtained by Time, the airport was to be financed in part by bonds to be secured by a $2.8 million "sinking fund," or money loaned in excess of...

Author: /time Magazine | Title: Predators in Paradise? | 10/7/2002 | See Source »

Having your own business is the dream of millions of Americans, and Michael Ross realized his when he and a partner launched a film-production company in New York City in 1999. Michael, now 39, was not raking in a six-figure salary like his ecounterparts in nearby Silicon Alley...

Author: /time Magazine | Title: Families: Upsides of the Downturn | 10/7/2002 | See Source »

Not surprisingly, the man trying to knock down the barrier is Taiwan President Chen Shui-bian, whose Democratic Progressive Party (DPP) broke the KMT's longstanding stranglehold on power in March 2000 elections. Chen last month made good on an election promise when his cabinet introduced legislation barring political parties...

Author: /time Magazine | Title: Kiss Your Assets Goodbye | 10/7/2002 | See Source »

But is Lula quite the bogeyman that he seems to be in the minds of Wall Street? And would he, as president, challenge the IMF, reverse free market reforms, and cut ties with the international investing community?

Author: /time Magazine | Title: A Socialist's Plan to Save Brazilian capitalism | 10/4/2002 | See Source »

The Lancelot of economics, Alan Greenspan, was knighted by Queen Elizabeth II last week. But some top economists worry that the U.S. Federal Reserve Chairman has moved too slowly to slay the dragon they hear stirring: deflation. The term describes an economic slough of despond in which capacity exceeds demand...

Author: /time Magazine | Title: Time to Break a Lance on Deflation? | 9/29/2002 | See Source »

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