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...years ago, it was fashionable to shun foreign investments, not just because U.S. stocks were the toast of the world but, some reasoned, because you get international diversification by owning global companies such as General Electric and Gillette or the mutual funds that hold them. That logic always sounded a bit twisted to me. When the air gets let out of a market, few stocks are spared, no matter where they derive their profits. Gillette and GE, for example, have been cut in half from their highs...

Author: /time Magazine | Title: The Bulls Are Abroad | 7/29/2002 | See Source »

...Tommy will likely appeal the ruling; some fear that his absence from the courtroom last week was a ploy by his lawyers to manufacture grounds for an appeal. And the sentence handed down is considerably softer than the life terms being served by his henchmen. "According to any legal logic," says Frans Hendra Winata, a Jakarta-based legal expert, "the mastermind behind the killing has to get a heavier verdict than the executioners." The court explained its decision with a list of mitigating factors: that Tommy had been depressed, had a family to support, that he was young and capable...

Author: /time Magazine | Title: Throwing the Book at a Suharto | 7/29/2002 | See Source »

...expression of regret because he thinks it shows "the I.R.A. are working toward closure." The idea of closure raises an intriguing possibility: that the I.R.A.'s leadership devised this apology as a way of coaxing its members one step closer to permanent peace. As a British official observed, "the logic of an apology is that you won't do wrong again." Gerry Adams, a young and ruthless I.R.A. leader in Belfast when Donnelly's sister was killed, is driving the change. As the leader of Sinn Fein, the I.R.A.'s thriving political wing, he told his party last year that...

Author: /time Magazine | Title: Sorry for All That | 7/21/2002 | See Source »

...Graduate English Address by Law School degree candidate Avery W. Gardiner ’97 argued that “logic and analytical reasoning have their limits.” She spoke of her and her friends’ steely, logical initial reaction to the Sept. 11 terrorist attacks and compared those responses with her mother’s reaction of bursting into tears...

Author: By Jonathan H. Esensten, CRIMSON STAFF WRITER | Title: Rain Drenches Commencement | 6/28/2002 | See Source »

...their state on the other side of it, as the Saudi peace plan suggests? Few terrorists succeed in breaking through the security fence that surrounds the Gaza Strip. In fact the only reason why Israel still faces problems in that part of the country is because, against all military logic, it insists on maintaining a presence on both sides of the fence instead of withdrawing to one side of it." He insisted earlier this week (see below) that not a single settlement will be withdrawn on his watch...

Author: /time Magazine | Title: Mideast Monitor: Why Gloom Follows Bush Speech | 6/27/2002 | See Source »

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