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...International donors will be expected to come up with hundreds of millions of dollars to rebuild Palestinian infrastructure, and the administration wants to ensure that the money is spent on its intended purpose. The days of Israel paying a substantial chunk of the tax revenue earmarked for the PA into personal discretionary accounts controlled by Arafat are, no doubt, over. It may well be that the guiding principle of Arab and Western funding to the PA from now on will be to keep Arafat's hands as far as possible from the treasury. Even though that would weaken Arafat...

Author: /time Magazine | Title: Who Wants to Reform the Palestinian Authority? | 5/9/2002 | See Source »

...took its stab Wednesday at trying to rebuild the wall between analysts and investment bankers, announcing new rules barring Wall Street firms from using (and compensating) their analysts as investment-banking shills and upping the disclosure requirements for analysts' reports and public appearances. Other proposed prohibitions include an analyst owning the stocks he covers, and the issuing of reports by firms while they're closing related investment-banking deals...

Author: /time Magazine | Title: Analyzing the Analysts | 5/8/2002 | See Source »

...Islam; they witness governmental powers ineluctably shifting from Paris to the European Union. They fear that an American-style, unfettered free-market economy has nibbled away at social cohesion. And so they have thrown their support to Le Pen, a man who promises to turn back the clock, to rebuild a world where to live in France means that you speak, eat and buy French...

Author: /time Magazine | Title: Why So Many French Voted for a Bigot | 5/6/2002 | See Source »

...stick packed in a rubber pipe and whipped him with a bicycle chain before leaving him for dead. "They told me they wanted to destroy all trace of the government and anything outside the party," says Khada. "They told me they wanted to break everything down and then rebuild from chaos with their own Maoist cadres." Adds a Western diplomat in Kathmandu: "It's classic Year Zero. Kill or drive away anybody who could possibly be considered an enemy, break down all state and social fabric and replace it with fear.In the end the party is the only thing left...

Author: /time Magazine | Title: Nepal: Return to Year Zero | 5/6/2002 | See Source »

...sideline him, it also makes the Palestinian leader's political life infinitely more difficult. Arafat will be expected, by the Americans with some degree of support from the Saudis and other moderate Arab leaders, to contain Palestinian rage and crack down on militants even as he tries to rebuild his battered political, administrative and security structures. And despite Arafat's newfound freedom of movement, most West Bank Palestinians are still living under siege - the Israeli army remains encamped around most Palestinian towns, tightly controlling access and launching new incursions in response to security threats. There are also signs of mounting...

Author: /time Magazine | Title: Arafat Free: What Next? | 5/1/2002 | See Source »

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