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...drug hype and ipos. The vast majority of the drugs and companies soon failed, and the stocks crashed. Another bubble surfaced in 1999-2000, largely driven by excitement over the mapping of the human genome. In the 18 months before March 2000, the American Stock Exchange's biotech index rose 563% while the nasdaq rose 238%. Both plunged in the next two years. Now biotech is hot again. Since the stock market started to find its footing last July, U.S. biotech shares have risen 57%. Another bubble? Not necessarily. Many of the companies have marched steadily closer to bringing products...

Author: /time Magazine | Title: Will This Experiment Work? | 7/13/2003 | See Source »

...started hearing people’s stories; they made it clear to me that people weren’t getting paid enough,” he says. According to Halpern, workers’ wages were cut the same year that Harvard’s endowment rose by approximately 5 million dollars—and he has a photograph of the tax return...

Author: By Ryan J. Kuo, CRIMSON STAFF WRITER | Title: Show Turns Lens on Harvard Staff | 7/11/2003 | See Source »

...Goree island speech was a stirring one, but the audience's response was muted. Even when the president leaned in to the crowd to shake hands, few rose to snatch a moment with him. Those who did seemed to receive a double dose from an energetic president who looked well cooled by an air conditioning vent built into the platform to push cool air directly under the speaker's feet. As he does in the United States when meeting with African Americans or Hispanics, Bush shook hands and leaned near enough to share a milkshake, a close-hold that...

Author: /time Magazine | Title: In Senegal, Bush Speaks Against Slavery | 7/9/2003 | See Source »

...course, since 9/11 it is impossible for Bush to expose himself to his audiences the way his predecessor did. Goree island appeared abandoned, the brightly painted mustard and rose buildings that cater to vacationers shuttered, flanked only by the occasional uniformed soldier and his strapped carbine. The children who normally would have swarmed the beaches to greet the Senegalese presidential yacht, were kept well out of sight, behind ubiquitous metal cordons. To brighten their penning they draped the bars of the barren blockades with intensely colored local tapestries and played soccer in the dirt courtyard while they waited...

Author: /time Magazine | Title: In Senegal, Bush Speaks Against Slavery | 7/9/2003 | See Source »

...Tora Bora. Escaping the U.S. bombardment, he returned to his native Saudi Arabia and reported to Khalid Sheikh Mohammed, plotting "second wave" attacks on Americans and their allies until Mohammed's arrest in Pakistan last March. As more and more al-Qaeda field leaders were rounded up, al-Ghamdi rose in the ranks, safely hiding in Saudi Arabia until the May 12 attacks galvanized the kingdom's rulers into cracking down. U.S. officials believe al- Ghamdi has knowledge of conspiracies now being hatched all over the world, and that he could reveal previously unidentified sleeper cells...

Author: /time Magazine | Title: Al-Qaeda Seeks Canadian Operatives | 7/8/2003 | See Source »

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