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Army General Tommy R. Franks, commander in chief of the U.S. Central Command, is the Pentagon's beat cop in the world's toughest neighborhood, a slice of potential trouble that includes Somalia, Iraq and Afghanistan. Last week, in his office at MacDill Air Force Base in Tampa, Fla.--decorated with colorful grooms' gowns from Central Asia--Franks sat down with TIME correspondent Mark Thompson. Excerpts...

Author: /time Magazine | Title: Our People Were Shot At | 3/4/2002 | See Source »

...independent Diet member elected in 2000 on a reformist platform. Instead of blasting his name from a noisy sound truck, he had shown a populist touch by riding a bicycle door-to-door soliciting votes. Now a $628 million, 68-km highway is on the drawing board, slated to slice through his home district, creating hundreds of jobs and funneling millions of dollars into rural Hyogo prefecture. It's one of thousands of wasteful highway projects?known as roads to nowhere?that are gradually transforming Japan into a giant parking lot, causing the national deficit to spiral and propping...

Author: /time Magazine | Title: Going Nowhere Fast | 3/4/2002 | See Source »

...attempt to draw viewers to Premiere, his pay-TV service, Kirch has in the past two years paid more than $2.5 billion for a slice of Formula One racing and the rights to screen live German football matches from Berlin to Munich. But the audiences have failed to appear - big time. The service is currently losing up to $2 million a day. Now, as his empire founders, Kirch has put his Formula One stake up for sale, with pundits predicting he will be lucky to get half his original outlay. Although the rights for soccer World Cups...

Author: /time Magazine | Title: Has the Sports Bubble Burst? | 3/4/2002 | See Source »

...They will help you buy, lease or share a private jet and have intricate strategies for dealing with a large concentration of stock. Through an exchange fund, a single-stock millionaire may contribute stock to a diverse partnership. After seven years, the partnership unwinds and each partner gets a slice of a broad portfolio. That way the partners can diversify without the tax hit that comes from selling shares. Sometimes, as with private equity last year, the exclusive tools don't work right away. But in the long run they must--or the advisers are out of business...

Author: /time Magazine | Title: Managing VIP Money | 2/25/2002 | See Source »

...Ordered a tomato-basil slice at Noch’s in lieu of my usual mushroom. Just as Madison did, lo those many years...

Author: NO WRITER ATTRIBUTED | Title: 15 | 2/21/2002 | See Source »

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