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...bonds of a nearly bankrupt affiliate, credit-card issuer LG Card. Kim says his company joined in because a failure at LG Card would have damaged LG's image. Michael Lee, an executive vice president at LG Corp., the conglomerate's holding company, says affiliates had a "moral obligation" to help out and calls the LG Card case an exception. The LG chaebol, he says, has reorganized its shareholding structure to allow affiliates to be managed more independently. Because of concerns relating to its being a chaebol, LG?like many other Korean companies?is valued more cheaply than many...

Author: /time Magazine | Title: Getting Religion | 6/21/2004 | See Source »

...overemphasized the importance of neural activity and brain physiology and made no mention of the need for moral guidance. Teenagers may read between the lines of the physiological mumbo jumbo and giggle with glee as they decide there is nothing they can do to change their ways. Why not discuss how dysfunctional family situations affect teen behavior? There is more to raising a teenager than studying brain physiology. Cecil Asfour Dallas...

Author: /time Magazine | Title: Letters | 6/21/2004 | See Source »

...Tyrant's Novel was written, sagely, sinuously, under the spell of Gabriel Garcia Marquez and Mario Vargas Llosa and their mad generalissimos. There is everywhere a whiff of Graham Greene, with his moral skirmishing in the gray areas. The current Iraq war is one of those. Keneally, who knows something about lies and hypocrisy, could have told you it would be. --By Richard Lacayo

Author: /time Magazine | Title: Books: The Autumn of the Tyrant | 6/14/2004 | See Source »

Andrew Sullivan wrote that the Roman Catholic bishops' threat to deny Holy Communion to pro-choice Catholic politicians is harmful to the church [May 24]. It is not the bishops who are hurting the church but Catholic politicians who excuse themselves from the church's moral guidelines while expecting to be treated as Catholics in good standing. One cannot be a good Catholic and still support choice on the issue of abortion. Communion is a statement of unity with Christ and his church. A pro-choice stand is a contradiction of that unity. ALBERT CLERC Houston...

Author: /time Magazine | Title: Letters: Jun. 14, 2004 | 6/14/2004 | See Source »

...America, and damn it, too many of our political leaders, our labor leaders, and certainly a lot of geniuses ... on Madison Avenue, have underestimated them. They want the truth, they are friendly and helpful, intelligent and alert. They are concerned ... with their very firm personal liberties. And they are moral." The hemophilic liberal was becoming steadily more conservative. Over the years he devised a series of slogans that many experts considered simplistic but many voters seemed to respond to. "Government is not the solution to our problem. Government is the problem," Reagan would say, over and over. "Government causes inflation...

Author: /time Magazine | Title: The All-American President: Ronald Wilson Reagan (1911-2004) | 6/14/2004 | See Source »

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