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...clan, which has ruled the kingdom for the past century, is the only Western-leaning institution left in a fundamentalist state that is growing younger, poorer and more radical. "Let's say we decided to split sheets with the Saudis. What would replace them would not be a pretty sight," says a U.S. diplomat. "You could see another Taliban. There's no moderate group that could come in and take over...

Author: /time Magazine | Title: Do We Still Need the Saudis? | 8/5/2002 | See Source »

...clan, which has ruled the kingdom for the past century, is the only Western-leaning institution left in a fundamentalist state that is growing younger, poorer and more radical. "Let's say we decided to split sheets with the Saudis. What would replace them would not be a pretty sight," says a U.S. diplomat. "You could see another Taliban. There's no moderate group that could come in and take over...

Author: /time Magazine | Title: Do We Still Need the Saudis? | 7/28/2002 | See Source »

...roaring '90s, many people lost sight of timeless investing principles; some are still stubbornly clinging to their tech stocks, hoping for a turnaround. They need to adjust. Many stocks are still expensive relative to their expected earnings, and some pros still foresee a cathartic selling spree that will cause the last bulls to buckle. For anyone overloaded in stocks, it's not too late to sell. But don't overdo it. Even Warren Buffett, a technophobe but also a bargain hunter, just found value in at least one battered telecom: Level 3 Communications. Perhaps the biggest risk now, warns Scott...

Author: /time Magazine | Title: How to Play a Rotten Market | 7/22/2002 | See Source »

...farmland. Environmentalists and some fishermen say the project is already responsible for the extinction of 55 species of animal and marine life. The government says the seawall is necessary for flood control. Both sides are probably right. At any rate, the six-kilometer-long dam is an impressive sight...

Author: /time Magazine | Title: Short Cuts | 7/22/2002 | See Source »

...should have co-sovereignty over Perejil. That would certainly be easier to organize than for Gibraltar: only animals live on Perejil, and goats don't vote, or at least not the four-legged kind. When the Saharawi kids come to Spain on holidays they get wide-eyed at the sight of the sea, of traffic, television, plates piled high with food, toys. The host families often find they have learned a lot about simpler pleasures, about resilience, dignity in adversity, and the strength of family. At this level at least, Europe has much to offer Africa, and vice versa...

Author: /time Magazine | Title: Rocks and Hard Places | 7/21/2002 | See Source »

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