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Last year South Korea exported 1.5 million passenger vehicles, but the country's drivers bought a mere 4,414 imports. Why? Although high import duties and tax audits of Koreans who bought imports were abolished years ago, attitudes have yet to change. A survey found that 58% of car owners thought it was "unpatriotic" to own an import, and 64% thought it would still attract a tax audit...

Author: /time Magazine | Title: Global Briefing: Jun. 11, 2001 | 6/11/2001 | See Source »

...Michigan, observes that new technology is only one of the elements--including styling and reliability--that make a car attractive. "Companies like BMW and Honda," he says, "offer products that keep them successful." So does Porsche, where sales are soaring 16% so far this year. It produces a mere 48,815 cars a year--but at an enviable 11.9% profit margin...

Author: /time Magazine | Title: Global Strategy: Mercedes vs. BMW | 6/11/2001 | See Source »

Things are worse in hardscrabble Zacatecas state, whose population has grown a mere 6% in the 10 years in which that of Mexico has grown 20%. The village of Tanque de Guadalupe is typical. Virtually every male age 17 and older is gone, and the town's population--now 120--has been cut in half. "There is no sign that it is going to slow down," says veteran demographer Rodolfo Corona of El Colegio de la Frontera Norte, the country's main border-issues research center. Zacatecans in the U.S. are so widespread--and so successful--that many band together...

Author: /time Magazine | Title: La Nueva Frontera: The Towns They Left Behind | 6/11/2001 | See Source »

...issues they rate most important - health, crime, education, the economy - voters decisively back Labour. And while they slightly prefer Hague's determination to keep out of the euro, which he has been stressing, over Blair's "wait and see" approach (27% to 26%), this issue ranks a mere 11th in importance. Funeral pyres of diseased livestock may be spewing smoke over the countryside, some of Blair's ministers may have resigned in disgrace, the Millennium Dome may be a universal symbol of grandiose incompetence - but Sue Heppel, a shop assistant who watched Hague campaign in Portsmouth, sums up the dominant...

Author: /time Magazine | Title: The End of the Beginning? | 6/11/2001 | See Source »

...despite HMC’s stellar performance, conflict has arisen over compensation packages paid to HMC’s top investors—last year HMC’s highest paid investor earned $16.7 million, while Harvard President Neil L. Rudenstine earned a mere...

Author: By Garrett M. Graff, CRIMSON STAFF WRITER | Title: The Makers of Harvard's Millions | 6/7/2001 | See Source »

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