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...brutal execution last week of Paul Johnson Jr., an employee of Lockheed Martin who had been living in Saudi Arabia for more than a decade, was a troubling sign of how freely al-Qaeda continues to operate in the kingdom--and of the deadly threats facing the many foreigners (including 35,000 Americans) who live there. But many believe that the atrocity may finally spur the Saudi government to take more aggressive action against extremists. Johnson's murder was the latest in a rash of seemingly coordinated attacks that have killed 24 foreigners in the past month. Responsibility...

Author: /time Magazine | Title: An American Murdered, A Kingdom Under Siege | 6/28/2004 | See Source »

DEFENSE Kerry opposes some big-ticket items like the Lockheed Martin joint strike fighter. But Gallagher says any sell-off in Lockheed or other defense stocks related to Kerry proposals would be a buying opportunity because no matter who wins, defense spending is going up--more under Bush. You're voting not just for President but for certain kinds of stocks as well...

Author: /time Magazine | Title: Investing: Taking Stock Of Your Vote | 6/21/2004 | See Source »

...worst in the new E.U. states; 21% of Poles and 17% of Slovaks cast ballots. Voters punished ruling parties and boosted Euro-skeptics across the E.U. Austria Voters said Ja to reform in the European Parliament, giving two seats to a list led by whistle-blower Hans-Peter Martin The far-right Freedom Party lost four of its five seats, sparking an emergency change in leadership Belgium Popular with Flemish voters but vilified by the mainstream parties, the far-right Vlaams Blok won second place PM Guy Verhofstadt's liberals lagged behind the Christian Democratic opposition and Vlaams Blok Czech...

Author: /time Magazine | Title: Winners and Losers | 6/20/2004 | See Source »

...world waited this week for news of another gruesome terrorist execution of an American hostage, and it finally came on Friday, posted on extremist web sites and reported on Arab TV. This time, however, the bad news came not from Iraq, but from Saudi Arabia. Lockheed-Martin engineer Paul Johnson, 49, of New Jersey, was kidnapped in Riyadh, last Saturday, and an al-Qaeda aligned web site on Tuesday posted video footage of him in captivity with a warning that he would be executed within 72 hours unless a list of named Qaeda suspects currently in Saudi custody were released...

Author: /time Magazine | Title: Qaeda Demons Haunt Saudis | 6/18/2004 | See Source »

...tremor of the Reagan upheaval. Newt Gingrich's Contract with America drew heavily from Reagan's legacy. But there was another lesson of Reaganism that Gingrich and the Republican class of '94 grasped too late: keep smiling. Even when his views were most intransigentwhen he wondered out loud whether Martin Luther King Jr. was a communist or failed for nearly all of his presidency to speak the word AIDS even onceReagan gave Reaganism a human face. "He made us sunny optimists," says Bush political adviser Karl Rove. "His was a conservatism of laughter and openness and community...

Author: /time Magazine | Title: How His Legacy Lives On: Ronald Wilson Reagan (1911-2004) | 6/14/2004 | See Source »

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