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...management "have played the bid game very well indeed." But the laws of capitalism dictate that the lse must have its price, and a handsome bid could yet win the day. That is, if it isn't preparing to go on an acquisition tear of its own. Don't rule out the exchange "becoming the predator, rather than the prey" sometime soon, says Hunter...

Author: /time Magazine | Title: The New Capital of Capital | 1/31/2007 | See Source »

...that "mercy and healing" were very much on Ford's mind at the time. Far from an act designed to help a poor beleaguered President and heal this nation's wounds caused by the Watergate affair, the pardon was a calculated political move. The pardon blocked application of the rule of law to a President who committed criminal acts while in office and was intended to save Nixon and the Republican Party from further legal scrutiny. It will forever sully Ford's record as President. Charles Tripp Professor of Political Science Westminster College Salt Lake City, Utah...

Author: /time Magazine | Title: Rise of a New Superpower | 1/30/2007 | See Source »

...Natal conferees had proposed a merger of white-dominated Natal and black-ruled KwaZulu, the government-designated Zulu homeland that is located inside Natal's borders. The area would then be ruled by a two-chamber parliament. One body would be based on "one man, one vote," which would mean black control and result in a black prime minister. The other would guarantee an equal number of seats to blacks, Indians, English speakers and Afrikaans speakers. Provisions to safeguard white rights, while allowing for eventual black rule, were also included. Dr. Oscar Dhlomo, a black delegate to the congress, called...

Author: /time Magazine | Title: South Africa: Dashed Hopes | 1/26/2007 | See Source »

...proceedings, however, were denounced by radicals in both the black and white camps. Black nationalist groups such as the banned African National Congress and the multiracial United Democratic Front, which insist on black majority rule rather than power sharing, heaped scorn on the Durban deliberations. Two far-right white groups, the Conservative Party and the Herstigte National Party, which oppose political concessions to blacks, de clined invitations to attend...

Author: /time Magazine | Title: South Africa: Dashed Hopes | 1/26/2007 | See Source »

...effort, which resulted in laws that permit seizure of drug runners' assets. In 1983 he was named head of the Texas Governor's Select Committee on Public Education. In a 1½-year fight, Perot prodded the legislature to install teacher-competency tests and a "no pass, no play" rule for high school athletes. The chairman of the state board of education labeled Perot a "dangerous...

Author: /time Magazine | Title: Need a Rescue? Call Ross | 1/26/2007 | See Source »

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