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...year, but they are now looking for old-fashioned profits. "We need to achieve the operational and financial goals that we've stated to investors," says David FitzPatrick, Tyco's chief financial officer. To make that happen, Tyco's new management team has to correct years of apparent operational neglect. David Robinson, the new head of the Fire & Security division, says that when he arrived at Tyco last March, he found "hundreds, maybe thousands of people every day making decisions on accounting matters." Fire & Security often had two or three branch offices in the same city, and made little effort...

Author: /time Magazine | Title: Can This Man Save Tyco? | 2/9/2004 | See Source »

While the FDA and the drug industry have talked at length about the threat posed by drugs brought in from Canada, what they neglect to mention is this: prescription drugs bought by Americans increasingly are produced in foreign countries with minimal FDA oversight and then shipped to the U.S. In 2002 pharmaceutical imports to the U.S. totaled $40.7 billion, a nearly fivefold increase from $8.7 billion in 1995. Seventeen of the 20 largest drug companies worldwide now make drugs in Ireland, largely because of tax incentives. Pfizer's Lipitor for cholesterol, the largest-selling drug in the world, is made...

Author: /time Magazine | Title: Why Drugs Cost So Much / The Issues '04: Why We Pay So Much for Drugs | 2/2/2004 | See Source »

...happen. In December, two attempts were made on the life of Pakistani President Pervez Musharraf; the attack on Christmas Day was so close that God must have been on the side of the general. Pakistan's government blamed Kashmir militants once supported by Musharraf, now aggrieved by his neglect. Eleven days later the SAARC meeting began in Islamabad, and the initial signals were tentative at best. When Indian Prime Minister Atal Bihari Vajpayee arrived, his Pakistani counterpart, Prime Minister Mir Zafarullah Khan Jamali, tried to greet him with a hug. Vajpayee smiled cordially but took a step back. When Vajpayee...

Author: /time Magazine | Title: The Road That Must Be Taken | 1/11/2004 | See Source »

Americans under 50, as the cliche goes, were raised by the mass media. And this fall, as grown children sometimes do, some of them began to neglect their mother. On the major broadcast TV networks, ratings among viewers 18 to 49 years old (the group most closely watched by advertisers) were down 8%. The drop-off was even worse among men under 35, the couch potatoes of the future. The rejection was almost poignant. You don't call? You don't write? It would kill you to pick up a remote...

Author: /time Magazine | Title: The Year In Culture: Has the Mainstream Run Dry? | 12/29/2003 | See Source »

...Harvard’s own. Yang is a member of the University community, and his cause is one that Harvard should champion with words and deeds. As of now, Summers has not even gotten to the former. It would be unconscionable for the University president to further neglect advocating for Yang’s release during the visit of such a high-level Chinese cadre...

Author: By The Crimson Staff, | Title: A Premier Opportunity | 12/8/2003 | See Source »

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