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Then the recession hit. Sopko says his orders plummeted 60% and he has had to lay off a third of his 140 employees. Today, he says, his shop is operating at break-even. Sopko has applied for an exemption from whatever tariffs or quotas Bush may impose, but he's not confident of winning it. More than 1,000 other businesses have applied for exemptions for highly specialized steel products not made in the U.S. The Administration hasn't yet determined the standard under which it might grant those requests, and the steel industry will have a say. Says Bethlehem...

Author: /time Magazine | Title: Protectionism: Steeling Jobs | 2/25/2002 | See Source »

...likely Democratic opponent, Clinton-era White House chief of staff Erskine Bowles, by a 47-point margin. Still, Dole's race for the seat being vacated by Jesse Helms may not be as easy as it once seemed. Democrats have put up TV ads blasting her for a Ken Lay-hosted fund raiser just nine days after Sept. 11. (Her campaign has since donated $5,000 received from Enron's ex-CEO and his relatives to a fund for employees of the bankrupt energy giant.) Some scoffed at Dole's declaring her mother's Salisbury home as her residence, when...

Author: /time Magazine | Title: Campaign 2002: Another Dole, Another Race | 2/25/2002 | See Source »

...Enron watchers who feared things might be getting stale, last week brought fresh material for outrage. Although whistle blower Sherron Watkins testified in Congress that she believed former CEO Kenneth Lay was "duped" by underlings about accounting abuses, a trove of newly released exchanges shows just how chummy Lay was with George W. Bush in his days as Texas Governor. In one note Bush teases Lay about getting older; in another Lay scribbles that he's "so proud" of the Governor and his wife. Beyond the niceties, Lay repeatedly seeks Bush's support for legislation that would benefit Enron...

Author: /time Magazine | Title: Enron: The Scandal That Keeps on Giving | 2/25/2002 | See Source »

Separately, Enron disclosed that Lay sold $100 million in its stock last year (about $70 million more than he earlier reported), $20 million of it after Watkins warned him of the company's precarious situation, according to the New York Times. It was also revealed that for several weeks before Enron's Dec. 2 bankruptcy filing, 20 to 30 senior officers were allowed to withdraw millions of dollars from "deferred-compensation accounts" even as retirees and former execs also owed money were refused the same right until it was too late. Other documents emerged that show how aggressively Enron used...

Author: /time Magazine | Title: Enron: The Scandal That Keeps on Giving | 2/25/2002 | See Source »

Jamal gives tips on dining with an Arab, the most important being to go to the table starving: the host will lay on a huge spread and keep heaping your plate. For most Palestinians, of course, having too much to eat is a dream. One of the dishes in the book is mjadarah, or rice with lentils. These ingredients keep well, which helps to explain the dish's popularity in a war zone - a fact, Jamal points out, recognized in United Nations food relief packages. Apart from rice and lentils, mjadarah requires only onions, salt, cumin, water and samneh...

Author: /time Magazine | Title: Food For Thought | 2/25/2002 | See Source »

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