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...over the past decade with a slew of acquisitions, in the process making a fortune for himself estimated at $25 billion. The two men have known each other for years and, as board members of the steelmakers' international trade group, meet regularly to discuss industry-wide issues. But on Jan. 13, after predinner drinks in Mittal's Kensington Palace Gardens mansion, the Indian popped the surprise question to his European rival: Why not merge their two companies...

Author: /time Magazine | Title: Nerves Of Steel | 2/5/2006 | See Source »

...ruled out a deal. "He gave several reasons why he wasn't interested," he told Time. "I told him I'd get in touch again, and called a few days later to say there was an urgent need to meet." The men never did re-establish contact and on Jan. 26 - less than two weeks later - Mittal called Dollé on his mobile phone at Frankfurt airport while he was checking in for a flight to Toronto. The message: Rotterdam-based Mittal Steel would be announcing the following day a formal $22.6 billion takeover bid for Arcelor...

Author: /time Magazine | Title: Nerves Of Steel | 2/5/2006 | See Source »

Your report "The Trouble with Memoirs" described the controversy over how much of author James Frey's "memoir," A Million Little Pieces, is made up and how much is real [Jan. 23]. Frey's shamelessness after being exposed for having embellished parts of the book is symptomatic of a much larger problem in American society. As your article pointed out, fiction doesn't sell nearly as well as nonfiction, and Frey couldn't find a publisher when he tried to market his work as fiction. So it was called nonfiction. Making a ton of money is apparently more important...

Author: /time Magazine | Title: Letters: Feb. 13, 2006 | 2/5/2006 | See Source »

...Klein seems to think the Democrats are wrong to protest the wiretapping the Bush Administration is doing in the guise of tracking terrorists [Jan. 16]. Klein is out of touch with the U.S. mainstream. It's not just liberals who are objecting; many conservatives as well are concerned by the flagrant disregard of the law by Bush's approving wiretaps without a warrant or any oversight whatsoever by anyone outside the Executive Branch. Had the President followed the law, there would be no discussion about the wiretaps. If the investigations now under way indeed conclude that the wiretaps are illegal...

Author: /time Magazine | Title: Letters: Feb. 13, 2006 | 2/5/2006 | See Source »

Andrew Sullivan, in his essay "We Don't Need a New King George" [Jan. 23], was right to criticize President Bush's habit of attaching signing statements that give his interpretation of the legislation he signs. Taking the oath of office, Bush swore to "protect and defend" the Constitution. But his Administration is undermining that document's checks and balances. If lying under oath about an affair was reason enough to bring impeachment charges against President Bill Clinton, then there is cause 10 times over for impeaching Bush. Shame on him, and shame...

Author: /time Magazine | Title: Letters: Feb. 13, 2006 | 2/5/2006 | See Source »

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