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...went down, American suffered from a collapse in air travel, two wars, a rotten economy, the outbreak of SARS and the rise of low-cost carriers--all of which conspired to put the airline on the verge of bankruptcy in April 2003. What's more, employees were in open revolt after they discovered that CEO Don Carty had secretly handed out retention bonuses and pension guarantees to executives, even as he was negotiating $1.8 billion in salary cuts and eliminating 14,000 jobs. Sliding into the pilot seat, new CEO Gerard Arpey brought in corporate counselors to change the company...

Author: /time Magazine | Title: The American Dream | 5/17/2004 | See Source »

...grants, which have stalled at about $17 million a year for human embryonic research since Bush restricted funding to a few dozen pre-existing stem-cell lines. Only 19 of those turned out to be available. Says Stanford Nobel prizewinner Paul Berg: "California is paving the way for a revolt in a lot of other states...

Author: /time Magazine | Title: Stem-Cell Rebels | 5/17/2004 | See Source »

...Angeles. After the issue's publication, it emerged that the paper had agreed to share the advertising profits with the Staples center, a fatal marriage of business and reporting. Many of the paper's best reporters left during this period, and the rest of the staff was in open revolt against management. "My job during the Willes era was basically damage control," says Doyle McManus, the paper's Washington bureau chief since 1996. The paper was sold in 2000 to Chicago's Tribune Co., which offered the editorship to Carroll just as he was about to become head...

Author: /time Magazine | Title: Left-Coast Makeover | 5/17/2004 | See Source »

...alternative candidate, but few expect a successful consensus to be reached. Safe Haven SOUTH AFRICA The government announced it would grant temporary asylum to ousted Haitian President Jean-Bertrand Aristide, who fled his country at the end of February in the face of an armed revolt. Pretoria also said it would support an investigation into Aristide's claim that he was forced to step down by the U.S. and France as rebels closed in on Port-au-Prince. Back in Charge SOUTH KOREA The Constitutional Court reinstated President Roh Moo-Hyun, who was impeached and stripped of his powers...

Author: /time Magazine | Title: World Watch | 5/16/2004 | See Source »

...that have shot policemen and burned schools, says he has observed a marked change in the separatist cause over the past two years. Back then, he estimates, there were fewer than 20 hard-core separatists in the south. Now, he says, "I believe it's a full-blown separatist revolt involving hundreds of people?and it came about because of mistakes in government policy...

Author: /time Magazine | Title: The Road to Jihad? | 5/3/2004 | See Source »

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