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...Following a firebomb attack on Kathmandu's luxury Soaltee Crowne Plaza hotel, the Maoists demanded the closure of a dozen multinational companies and declared a blockade of the main roads leading into the capital?upon which its 1.5 million residents depend for everything from fuel to food. Vegetable prices rose, tourists canceled their visits and officials warned that fuel supplies could run dry by next week. The companies that closed up shop included tobacco giant Surya Nepal, whose taxes account for up to 4% of the government's revenue; others ceased operation voluntarily, fearing they would be targeted next. Enforced...

Author: /time Magazine | Title: Capital Punishment | 8/23/2004 | See Source »

...network of contacts, it was taking less than $90,000 in weekly bets. Now it has in excess of $90 million a week in matched bets, about 13% of the estimated annual $35 billion global online sports-betting industry. From April 2002 to April 2003, Betfair's pretax profits rose from $1.9 million to $15.5 million. The site has registered users in 85 countries, with 70% of the bets placed on horse races...

Author: /time Magazine | Title: The Tech Specialists | 8/23/2004 | See Source »

...Last week's terrorism alert, coming on the heels of the 9/11 commission's devastating account of the missed signals that might have saved thousands of American lives, put the two candidates at odds over terrorism in a way that was more confrontational--and personal--than ever. In a Rose Garden ceremony that reminded everyone of the advantages that come with being an incumbent Commander in Chief, Bush, surrounded by his war Cabinet, declared it "my most solemn duty" to protect the nation and embraced part of the commission's recommendations--only to have Kerry dismiss the move as insufficient...

Author: /time Magazine | Title: Al-Qaeda In America: Hijacking The Campaign | 8/16/2004 | See Source »

After graduating in '92, Gilles landed at Chrysler, where he rose fast. At 31 he was appointed one of just seven studio chiefs. What got him noticed? "Probably my mouth," he says. "I've been pretty outspoken from Day One." While designing the interior of the Jeep Liberty, his first production vehicle, he got in a fight over chrome ornamentation, which other executives were convinced was too pricey. He recalls a meeting that wasn't going his way. "I got really emotional," he says. "For the first time in my life I made an impassioned plea to the marketing guys...

Author: /time Magazine | Title: Chrysler's Bling King | 8/16/2004 | See Source »

This is important because in the West most precipitation falls as snow at higher elevations. Thus, a city like Reno, Nevada, gets, on average, just over 7 in. of precipitation a year, vs. some 70 in. at the top of nearby Mount Rose. During the 1950s drought, for example, a very large portion of the West, along with a big chunk of the Southeast and Great Plains, experienced long-term shortfalls of both winter snows and summer rains. "This is the kind of drought we worry about a lot," says Betancourt--and it's the kind of drought that...

Author: /time Magazine | Title: Environment: Why the West Is Burning | 8/16/2004 | See Source »

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