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...Thus mergers have proliferated: Luxembourg-based Arcelor, currently the world's largest steel producer, was formed in 2002 through the merger of steel companies in Luxembourg, Spain and France. Corus emerged from the 1999 union of British Steel and Dutch firm Hoogovens. In order for steelmakers to wield sufficient clout, notes Tommy Trask, an analyst at Standard & Poor's, steel "needs to be as consolidated as the iron-ore suppliers or the end customers." Both Mittal and Wilbur Ross, the former investment banker and distressed investment specialist who helped create ISG, envisage a future where steel is dominated...

Author: /time Magazine | Title: Steel's New Spring | 10/31/2004 | See Source »

Harvard’s colossal endowment just got super-sized, by a cool 21.1 percent. This brings the University’s coffers to $22.6 billion, dwarfing the 2002 Gross Domestic Products of such financially sluggish countries as Luxembourg, Bolivia and Cambodia.Most of us will never have so much money in our lifetimes (though for some budding entrepreneurs it’s not out of the question). In fact, in 2004, Johnny Harvard would only rank as the fourth richest person in the world, according to Forbes—right ahead of Microsoft co-founder Paul Allen (20 billion...

Author: By Jason S. Yeo, CRIMSON STAFF WRITER | Title: money money money | 9/30/2004 | See Source »

...Athens Games had two tremendous difficulties to overcome: having a small country as host and occurring after 9/11. But both were surmounted. The Games were splendid, they were majestic, they were magic. We Greeks were hospitable, we were proud and, most of all, we had fun. Chryssanthi Papageorgopoulos Luxembourg City...

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

...Athens Games had two tremendous difficulties to overcome: having a small country as host and occurring after 9/11. But both were surmounted. The Games were splendid, they were majestic, they were magic. We Greeks were hospitable, we were proud and, most of all, we had fun. Chryssanthi Papageorgopoulos Luxembourg City...

Author: /time Magazine | Title: Letters | 9/20/2004 | See Source »

...American press. The Athens Games had two tremendous difficulties to overcome: having a small country as host and occurring after 9/11. But both were surmounted. The Games were splendid, they were magic. We Greeks were hospitable, we were proud and, most of all, we had fun. CHRYSSANTHI PAPAGEORGOPOULOS Luxembourg City...

Author: /time Magazine | Title: Letters: Sep. 20, 2004 | 9/20/2004 | See Source »

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