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...days before the verdict, he reflected often upon those years of bounced checks and the tiny, rickety Bangrak house with the frequently flooded downstairs that he had to manually pump out whenever it rained. Even if the court came back against him, even in the worst-case scenario of a ban from politics, he swore he would survive it as he had survived those years in the business wilderness. "The road to victory is never rosy," he says. "I think I've learned more from failure. I think it's hard to be a great man if you have never...

Author: /time Magazine | Title: In The Clear | 8/13/2001 | See Source »

...while that scenario of central-banker impotence does bear some resemblance (for now) to our current situation - six interest-rate cuts, and this week the Fed?s own Beige Book had it that the recessionary woes that have long afflicted the manufacturing sector began in June and July to spread elsewhere - it?s not the smart bet yet. Because while the drop in the July PPI was dominated by a 5.3-percent decline in the crude goods portion of the report - and that was in turn dominated by falling energy prices, namely a 17.7-percent drop in gasoline prices...

Author: /time Magazine | Title: Watch Out For Falling Prices | 8/10/2001 | See Source »

...essence, the Western-mediated talks have separated the issue of peace from the issue of political reforms, much to the chagrin of Macedonian nationalists. And the question of whether the current deal, even in the best-case scenario, leads to a suspension of hostilities may be decided primarily by those waging...

Author: /time Magazine | Title: Despite a Deal, Macedonia Peace Prospects Look Shaky | 8/8/2001 | See Source »

Japan faced critical elections last weekend that will help determine how successful Koizumi will be. "Odds are Koizumi will fail to get through most of his reforms," says Behravesh. "It's an ugly scenario for Japan and for the U.S." Why will he fail? Many in the Japanese parliament are worried that the medicine will be too harsh. Indeed, some analysts predict that this PM won't be around long. "Koizumi is trying single-handedly to take on the Old Guard of the Liberal Democratic Party and one way or another, he's going to get knifed," says Sean Callow...

Author: /time Magazine | Title: Recovery At Risk | 8/6/2001 | See Source »

...Japan faced critical elections last weekend that will help determine how successful Koizumi will be. "Odds are Koizumi will fail to get through most of his reforms," says Behravesh. "It's an ugly scenario for Japan and for the U.S." Why will he fail? Many in the Japanese parliament are worried that the medicine will be too harsh. Indeed, some analysts predict that this PM won't be around long. "Koizumi is trying single-handedly to take on the Old Guard of the Liberal Democratic Party and one way or another, he's going to get knifed," says Sean Callow...

Author: /time Magazine | Title: Recovery At Risk | 8/1/2001 | See Source »

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