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...million shares, worth more than a quarter-billion dollars. Critics like Paul Tierney, whose company Corporate Value Partners owns 1.5 million shares, think the deal is less than charitable. The institutions had to sell at 25% under the market price. They were "like lambs being led to the slaughter," he says...

Author: /time Magazine | Title: A Sad Story at the Digest | 3/2/1998 | See Source »

...begin testing poultry in the city's "wet" markets, so named because retailers use water to clean their stalls and adjacent sidewalks. The group began its probe on Dec. 22 and worked 18 hours a day right through Dec. 28, the day Hong Kong authorities began their territory-wide slaughter. The research showed that 10% of chickens in the markets carried the virus. Ducks and geese in the markets carried it too--especially worrisome, given their ability to carry infections without outward sign of illness. In the markets, all poultry--ducks, geese, chickens--was killed. The slaughter, according to Shortridge...

Author: /time Magazine | Title: The Flu Hunters | 2/23/1998 | See Source »

Then suddenly, almost as soon as it started, the second outbreak seemed to be over. The last case occurred on Dec. 28, the day the slaughter began. By late January, Fukuda's whiteboard in Room 58 showed 18 confirmed cases, with six downward arrows...

Author: /time Magazine | Title: The Flu Hunters | 2/23/1998 | See Source »

...virus has shown no evidence of reassortment. The fact that the outbreak happened in December, before Hong Kong's regular flu season, reduced opportunities for reassortment, as did the prompt slaughter of the chickens. But the flu season is coming. It will peak in late February and early March, with a second peak this summer. What researchers fear most is that someone infected with a common flu strain will also become infected with H5, and thus become an inadvertent mixing chamber for the production of a wholly new virus...

Author: /time Magazine | Title: The Flu Hunters | 2/23/1998 | See Source »

...themselves walking through factory-size chicken coops struck eerily silent, with thousands of dead or hemorrhaging chickens at their feet. The U.S. Department of Agriculture ordered the extermination of 20 million chickens in Pennsylvania, more than 10 times the number that would be killed in the Hong Kong chicken slaughter...

Author: /time Magazine | Title: The Flu Hunters | 2/23/1998 | See Source »

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