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...everyone who owns European stocks is feeling their pain. When interest rates dropped in the early 1990s, insurers began to load up on equities at the expense of real estate and their traditional investment mainstay, bonds. For almost a decade, rising stock prices brought substantial rewards, often helping to mask losses in core insurance operations. By the year 2000, European insurers' holdings of stocks collectively exceeded that of bonds. Insurers became the biggest investors in equity markets, alongside banks, holding more than 20% of the total European capitalization. Topping the list is Austria, whose insurers owned more than...

Author: /time Magazine | Title: Will Insurers Crash? | 10/13/2002 | See Source »

...Tutankhamen created a sensation from the moment it was uncovered in 1922. One of the few royal burial chambers that survived the centuries relatively intact, it was by far the richest--filled with gold, ivory and carved wooden treasures, including what may be the world's most famous funerary mask. But there was also something troubling about the way King Tut was buried--hints and omissions that suggested foul play...

Author: /time Magazine | Title: Archaeology: Who Killed King Tut? | 9/16/2002 | See Source »

...including civilians. As the gunmen crouch behind their 15-ft. sand barricade, they shift their feet and their grips on their weapons, on some level wishing that the Israelis would come now and be done with it. "I'm prepared for martyrdom," Abu al-Fahed, 28, says through his mask. "They kill us anyway, so I may as well resist...

Author: /time Magazine | Title: The Palestinians: Where To Now? | 8/19/2002 | See Source »

...learn about hotel management. Here, during East Timor's darkest days under Indonesian rule, paying guests were treated with disdain by staff dressed in combat fatigues and carrying M-16s and hand grenades. This was an Indonesian military facility that had kept its fa?ade as a hotel to mask its real function as a place to detain, interrogate, torture and sometimes kill Timorese sympathizers of the pro-independence movement...

Author: /time Magazine | Title: Land That Time Forgot | 8/11/2002 | See Source »

...attempts--most of which ended abruptly in large bodies of water--he made it. But by staying far south, he shortened what would have been a nearly 25,000-mile journey at the equator to 19,428 miles. He spent 15 days in freezing cold, breathing through an oxygen mask and using a bucket as a toilet, before alighting in Queensland, Australia, where he dispensed with fine wine and guzzled a Bud Light. Even a millionaire needs endorsements...

Author: /time Magazine | Title: People: Jul. 15, 2002 | 7/15/2002 | See Source »

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