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...Edouard's father, 75-year-old patriarch François Michelin, who took the helm in 1957. With his focus on technological innovation - the company invented the radial tire - and almost cultish devotion to the customer, he transformed Michelin from the world's 10th-ranked tiremaker into the second-largest producer, after Goodyear. Edouard realizes that some of Michelin's practices must be updated, but says he remains dedicated to the business priorities and company culture for which both his father and the firm are famous...

Author: /time Magazine | Title: Radial Changes | 5/13/2002 | See Source »

...Yale, which has the second-largest endowment in the country, defied economic trends by posting a $600 million gain—climbing to $10.7 billion...

Author: By Elliott N. Neal, CONTRIBUTING WRITER | Title: Harvard Raises Record Funds | 4/1/2002 | See Source »

That's lower than the up to 40% penalties Big Steel said it needed to survive a deluge of cheap overseas metal, but more than enough to provoke the outrage of Europeans, who fear that their manufacturers and workers have the most to lose as the world's second-largest net importer of steel, after China, starts turning ships away. (About 28%, by value, of steel imported by the U.S. in 2001 came from the E.U.; Japan, Korea and Russia were also hit by the tariffs.) Even British Prime Minister Tony Blair, who never met an American President he didn...

Author: /time Magazine | Title: Steeling For a Fight | 3/11/2002 | See Source »

...heard tales of Japan's looming economic Armageddon before. But Washington is worried that the fallout from Japan's malaise could hamper a nascent U.S. recovery. Worse, there's no quick-fix option. The world's second-largest economy, Japan labors under the globe's highest level of public debt--140% of GDP. Across the nation, bankruptcies and unemployment are soaring. Practically everything else--stock values, consumer prices, confidence--is in free fall. The biggest crisis of all is the yen. With the Bank of Japan printing money to offset a liquidity crisis, the currency is sliding fast...

Author: /time Magazine | Title: Time For Hardball? | 2/18/2002 | See Source »

...points, which the favored 49ers covered in their 49-26 Super Bowl XXIX win over the Chargers. Efforts to officially rename that game as The Greatest Buzzkill of All Time have been rejected by the NFL. Back in Super Bowl III, the underdog Jets not only covered the second-largest spread in Super Bowl history (18 points against the Colts), they won the darn game, 16-7. And we think someone may have even guaranteed...

Author: /time Magazine | Title: Super Bowl XXXVI Q&A | 1/29/2002 | See Source »

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