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Here's how TIPS work: principal and interest payments of TIPS, unlike ordinary Treasury bonds, are adjusted for inflation--when goods and services become more expensive and your dollar winds up buying less. Say you put $1,000 into TIPS, and inflation (as measured by the consumer price index) rings...

Author: /time Magazine | Title: Investing: Two-Sided TIPS | 6/7/2004 | See Source »

Other historical figures play bit parts in Li's Zelig-like life story. In 1981, Li was permitted to study for a year overseas at the Houston Ballet Academy-he defected, only to be captured by Chinese diplomats who locked him in the consulate building in Houston until his release...

Author: /time Magazine | Title: Art and Politics | 5/31/2004 | See Source »

When Bush and British Prime Minister Tony Blair gather in Normandy with the leaders of Canada, France, Germany, Russia and 10 other countries, all will praise the achievements of history's most durable alliance. But Iraq will never be far from their minds. Bush and Blair saw Iraq as a...

Author: /time Magazine | Title: D-Day: Where's The Old Magic? | 5/31/2004 | See Source »

In an interview with TIME, Chalabi dismissed the notion that he may have been working as an agent for Tehran. "Total nonsense," Chalabi says. "They don't need us to pass information to them. They have scores and scores of agents all over this country." The I.N.C. has made no...

Author: /time Magazine | Title: From Friend to Foe | 5/31/2004 | See Source »

How many body bags will it take to convince President Bush of the insanity of his continued occupation of Iraq? By early May, 750 Americans had died. No one is counting the Iraqi dead, the broken homes and devastated families. And all for what? To place a few handpicked American...

Author: /time Magazine | Title: Letters: May 24, 2004 | 5/24/2004 | See Source »

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