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...long rates to be chopped now, something would have to shoot holes in the perception that the economy has hit bottom. More bad news from manufacturers? Nah, that sector is already comatose. But if housing suddenly stumbles, the bond market might rethink all this nascent-recovery stuff and finally give us the lower long-term rates that could make a difference...

Author: /time Magazine | Title: How Bond Traders Hold Us Back | 8/20/2001 | See Source »

...result, she has rejoined the battle against the Khars. After Fakhra moved into Durrani's house, the younger Khar began making daily threats over the telephone. "First I will shoot your mother in the knees with a 12-bore gun so she crawls," Khar told Durrani's son Ali, his half-brother. "She's become too used to standing up. No one will be able to catch me." Given the power of the Khar family, that is probably true. In their ancestral village of Kot Addu, Durrani explains in My Feudal Lord, "the Khars were the law." Fakhra's family...

Author: /time Magazine | Title: The Evil That Men Do | 8/20/2001 | See Source »

...centuries, China has mined the faraway continent for its treasures. Zheng He himself loaded his ships with ambergris, elephant tusk and rhino horn. Despite Kenya's shoot-to-kill order for wildlife poachers, much of the ivory and rhino horn leaves Africa by air from its capital, Nairobi, or by sea from the nation's largest port, Mombasa. As much as 40% of the contraband ultimately ends up in China, where it is used for medicinal purposes and as a natural Viagra. "Little man eat rhino," says Zhu, in his best English, "little man become very...

Author: /time Magazine | Title: Bad Medicine | 8/20/2001 | See Source »

...know if this is bandito or it's amigo, o.k.?" says the voice on the flight recorder. "Es posible we'll get him to land in Iquitos and check, O.K.?" And later: "Don't shoot! ¡No mas! ¡No mas!" An audiotape and State Department report released last week make clear that language barriers were a key factor in the mistaken shooting down of a U.S. plane by a Peruvian military jet in April, killing an American missionary, Veronica Bowers, and her daughter Charity. The CIA-contracted U.S. pilots, watching from a surveillance plane, repeatedly voiced concerns...

Author: /time Magazine | Title: ?Como Se Dice, Don't Shoot? | 8/13/2001 | See Source »

...going nowhere. The reason for the strike was that the Iraqis have been more aggressively targeting U.S. and British warplanes patrolling the "no-fly" zones declared by the Western powers at the end of the Gulf War. Saddam makes no secret of the fact that he's trying to shoot one down in the hope of forcing the allies to retreat from Iraqi airspace. The bad news for Washington, of course, is that most of its allies are at best agnostic on maintaining the "no-fly" zones, which today are maintained only by the U.S. and Britain. Nor is there...

Author: /time Magazine | Title: Why Saddam Likes Getting Bombed | 8/10/2001 | See Source »

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