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...into trouble. Yet hundreds of companies shift liabilities off their books without breaking any laws or accounting rules. Many, like Enron, use special-purpose entities (SPE) that, as long as the entities receive at least 3% of capital from outsiders, can be left off the consolidated books of a parent company...

Author: /time Magazine | Title: Under The Microscope | 2/4/2002 | See Source »

...report shows “overwhelmingly positive effects” of diversity that are often ignored in current discussions on education policy, said the report’s chief author, Gary A. Orfield, professor of education and social policy at Harvard and parent of a Cambridge Public School graduate...

Author: By Stephanie M. Skier, CRIMSON STAFF WRITER | Title: Students Say Diversity Improves Education | 1/30/2002 | See Source »

...helps Charles that virtually every British parent is instinctively sympathetic. Illegal drug use is higher in Britain than in any other European country. Smoking pot is so widespread (almost 40% of those 15 to 34 have tried it, according to the latest European Union report) that the government plans to decriminalize possession of small amounts. Drinking-age laws are almost universally ignored; one-fifth of 15- and 16-year-olds report having been drunk three times in the past month...

Author: /time Magazine | Title: Once Upon A Time, There Was A Pot-Smoking Prince | 1/28/2002 | See Source »

Talk is the latest casualty of an atrocious period for magazines. The tech-focused Industry Standard, which led all magazines in ad pages in 2000, closed in 2001, as did Brill's Content, Mademoiselle and Working Woman, to name a few. (TIME's parent company, Time Inc., axed several magazines last fall.) Total magazine ad pages dropped 11.7%, from 2000 to 2001. Leland Westerfield, a media analyst with UBS Warburg, terms the ad climate "the toughest since prior to World...

Author: /time Magazine | Title: Publishing: The Day The Talk Died Out | 1/28/2002 | See Source »

...pretty tough person," she insists, "so for those people (who) underestimate me, that's O.K. with me." She's no stranger to the palace, having lived here as a teenager from 1961 to 1965?her father, Diosdado Macapagal, her hero as parent and politician, was the President. The heavy wood desk in her office was his desk. The programs she espouses?an overarching anti-poverty campaign, empowerment through ownership of land, leadership by example?were also...

Author: /time Magazine | Title: Power and Gloria | 1/28/2002 | See Source »

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