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...LIFTED. U.S. trade sanctions against LIBYA; after it agreed to eliminate its nuclear-weapon and long-range-missile programs; in Washington, D.C. Long an enemy of the West under leader Colonel Muammar al-Qaddafi, Libya has admitted responsibility for the 1988 downing of a Pan Am jet in which 259 people died, along with a spate of other terrorist attacks in the 1980s. The U.S. relaxed most sanctions against Libya last April, but still considers it a "state sponsor of terrorism." The recent agreements could result in direct air service between the two countries and the possible importation of Libyan...

Author: /time Magazine | Title: Milestones | 9/27/2004 | See Source »

...millions litigating asbestos claims and went on to national fame for beating Big Tobacco, representing the whistle-blower Jeffrey Wigand, subject of the movie The Insider. Scruggs' tobacco suits netted his practice an estimated $1 billion, money that bought him toys, from a $100,000 Bentley to a Falcon jet--and turned him into the dart-board face of tort reform. At 58, he works out of a small firm in Oxford, Miss., with his son Zach and two other lawyers. Scruggs has given up the Bentley for a more modest BMW. "He got it out of his system...

Author: /time Magazine | Title: SICK OF HOSPITAL BILLS | 9/27/2004 | See Source »

...approaching 260 km/h. Fortunately, by the time Ivan made landfall in the U.S. state of Alabama, its winds had gentled to 210 km/h - but that was plenty bad enough. Those who rode out the storm told harrowing tales of cringing in the dark and hearing winds that screamed like jet engines. They emerged to a nightmare of destruction - yachts hurled into trees, houses and bridges swept from their pilings, and motels and condominiums smashed to smithereens. In the Florida Panhandle tornadoes, spun off from Ivan's leading edge, uprooted pine trees and ripped the roofs off buildings. And across...

Author: /time Magazine | Title: Worldwatch | 9/19/2004 | See Source »

...longer--has more than doubled in the last decade. Demand is so high that even if you wanted to shell out $50 million for a yacht, you might have to wait: most of the best-known boatyards are booked through next year and into 2006. Marquis Jet, a company that enables customers to buy access to 25 hours of private air travel for $109,900 and up, increased its revenues approximately...

Author: /time Magazine | Title: Luxury Fever | 9/14/2004 | See Source »

...just the superrich who are spending like drunken sailors. According to Marquis Jet CEO Bill Allard, his clientele extends beyond athletes and entertainers. "We have people in their 20s up into their 80s. We have people who haven't necessarily built up their nest eggs, and then we've got billionaires," he says. "When you look at the growth in luxury brands, first you have to look at the economy, and obviously it has really revived over the last year. But there is a premium in terms of quality of life. People are saying 'I've worked hard...

Author: /time Magazine | Title: Luxury Fever | 9/14/2004 | See Source »

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