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Japan's fatal misstep was to avoid the short-term pain of closing down dud companies and faltering banks after the bubble burst, the so-called "creative destruction" the U.S. allowed in the 1990-91 recession and after the savings and loan collapse of 1988. Tokyo said it wanted to...

Author: /time Magazine | Title: The Sun Also Sets | 2/18/2002 | See Source »

That ability was so exceptional that the ski coach didn't try to change his wild-man style. "He would look out of control, but a lot of this was by design," says John Ritzo, C.V.A.'s headmaster. "He had the athletic ability to get away with it. Most people...

Author: /time Magazine | Title: Make Way For The Gate Crasher | 2/11/2002 | See Source »

ARGENTINA Baby Steps As the Central Bank prepared for this week's planned flotation of the peso, Economy Minister Jorge Remes Lenicov presented a recovery-minded draft budget to Congress. The plan includes severe spending cuts agreed to by President Eduardo Duhalde and Argentina's provincial governors, and Remes Lenicov...

Author: /time Magazine | Title: World Watch | 2/11/2002 | See Source »

Although it is not possible to recover the photographs, the United States government should ensure that no more are released. The photographs, which were released on a U.S. Navy website and show the prisoners shackled and dressed in orange jumpsuits, are degrading; they do not add any value to the...

Author: By Ajit Vyas, | Title: Fair Treatment for Captives | 2/7/2002 | See Source »

“It’s always tough leading off the match because you weigh in an hour before the match starts, so you have less time to recover,” O’Donnell said.

Author: By Alan G. Ginsberg, CRIMSON STAFF WRITER | Title: Wrestling Bests Sacred Heart, Edged by Hofstra | 2/4/2002 | See Source »

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