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...named chairman in 1998. Although his father, Chung Ju Yung, founded Hyundai Motor in 1967, it was clear the son would not get a free ride. Shortly before his appointment, the Korean economy had been slammed by the 1997 Asian financial crisis and Hyundai was forced to lay off 25% of its staff. Complicating matters, Hyundai agreed in 1998 to acquire South Korean rival Kia Motors, which had to be assimilated. Chung had little experience with the automotive industry?he had spent most of his career managing a smorgasbord of affiliates in the Hyundai conglomerate, including a steel company...

Author: /time Magazine | Title: Hyundai Revs Up | 4/18/2005 | See Source »

...bombed the Rainbow Warrior? That has been the puzzling question ever since two explosions blew a hole in the hull of the 130-ft. converted trawler as it lay anchored in the harbor at Auckland, New Zealand, on July 10. A crew member was killed in the blast. The flagship of Greenpeace, the environmental group that opposes nuclear testing and the killing of whales, the vessel was due to lead a flotilla of ships into the waters around Mururoa Atoll, 700 miles southeast of Tahiti, to protest French atomic tests in the area. As the Rainbow Warrior lay prow...

Author: /time Magazine | Title: France: Uncovering a French Connection | 4/18/2005 | See Source »

Refusing such simplistic links, the closest the film comes to an attempt to lay bare the boys’ motivations is in their own eleventh-hour explanation. Here Coccio finds the real terror of the boys in the rambling, angry, and illogical philosophy that that they espouse, describing the massacre as “the most respectful, the most loving thing we can do right now,” and themselves as “more powerful than...

Author: By David G. evans, CONTRIBUTING WRITER | Title: DVD REVIEW: Zero Day | 4/15/2005 | See Source »

...overseas professional meetings is only tax deductible if the location can be justified and if conventiongoers actually do work that is relevant to their jobs. "England is the fountainhead of American law," observed Ernest Guy, who heads the A.B.A.'s meetings department and who apparently knows how to lay proper legal groundwork. Still, the A.B.A. was concerned that the festive and well-reported convention could lead to criticism of attorneys for dodging taxes. Shortly before the departure for London, in splendid lawyerly fashion, the organization asserted to members that it neither affirmed nor denied that the convention...

Author: /time Magazine | Title: Law: On the Town in London | 4/12/2005 | See Source »

...star better represented the old-fashioned American virtues than Rock Hudson. "He's wholesome," said Look magazine in 1958. "He doesn't perspire. He has no pimples. He smells of milk. His whole appeal is cleanliness and respectability--this boy is pure." Last week as Hudson lay gravely ill with AIDS in a Paris hospital, it became clear that throughout those years the all-American boy had another life, kept secret from his public: he was almost certainly homosexual...

Author: /time Magazine | Title: Medicine: Rock: A Courageous Disclosure | 4/12/2005 | See Source »

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