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...slacks and polo shirts and had already had a few drinks. The two were notorious prowlers of the Kathmandu night-life circuit, regulars at the X-Zone nightclub and the Bakery Cafe, where they were at the center of a swirl of hip kids and young adults whose preferred mode of transportation is a Lexus SUV and whose favored intoxicant is locally processed hashish. By the time the night was over, the two would become central figures in the succession to a throne traditionally occupied by a reincarnation of the Hindu god Vishnu. Until Friday, King Birendra, the Crown Prince...

Author: /time Magazine | Title: The Death of Vishnu | 6/11/2001 | See Source »

...campaign featuring, to the disdain of civil rights groups, footage from Martin Luther King Jr.'s "I have a dream" speech. The ads don't say anything about Alcatel's products - in fact, they are bewilderingly opaque - but given that those products are things like asynchronous transfer-mode data switches, it seems a safe bet that the spots are aimed at investors, not customers. Perhaps the pass at Lucent is just another way of saying, "Hey, guys, we're a player...

Author: /time Magazine | Title: The Big Score? | 6/4/2001 | See Source »

When a slowdown in the economy looms, the instinctive reaction of far too many people is fear. Managers fear that expenses are too high and cut costs and jobs. Employees fear the ax. The result is tunnel vision: What matters is my job, my department. Kicking into survivor mode makes it tough for employees to think about the big picture...

Author: /time Magazine | Title: Work in Progress: Know Nothings | 5/28/2001 | See Source »

...enough. If reform is really going to work, Takenaka and his planners need to build out Japan's social safety net, providing economic padding--and a political bulwark--for the inevitable layoffs and business collapses. Koizumi and Takenaka also need to go into sales mode, a Japanese version of the Bush road show on taxes. And, on a technical note, Japan needs to let its currency slide. A weaker yen--say, 135 to the dollar--would strengthen corporate profits. The danger is that a sliding yen could set off a round of devaluations, as neighboring economies rush to slash their...

Author: /time Magazine | Title: The Shock Therapist | 5/28/2001 | See Source »

...There are no new financial subsidies of any kind for the oil and gas industry," Cheney, in full-on "read the damn report" mode, told CBS. Yes, Dick Cheney's plan called for the construction of 1,300 power plants in the next 20 years - about one a week is the catchy statistic - but it also envisions 90 percent of those plants will be natural-gas-fired, the cleanest mainstream power source around. Yes, the Administration is more coal-fired-up than even the mildest environmentalist, but the only money the White House wants to actually spend on coal...

Author: /time Magazine | Title: Cheney's Choose-Your-Own Energy Plan | 5/22/2001 | See Source »

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