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...decision-making process should focus on probabilities rather than the absolute nature of any choice. "It's not that results don't matter," he says. "But judging solely on results is a serious deterrent to taking the risks that may be necessary to making the right decision." And the smooth-talking Rubin was one of the few men who could pick up a phone, as he did in late 1997, and persuade his brethren at banks and trading firms up and down Wall Street to keep their money invested in South Korea, an economy that at the time was melting...

Author: /time Magazine | Title: Taking The Handoff | 5/24/1999 | See Source »

...losses--the launch vehicles and the satellites they were carrying cost at least $3.5 billion--come at a time when the industry is simultaneously consolidating, introducing new technology and trying to boost the number of annual launches to meet rising demand. That's not a prescription for smooth sailing. "It could be a string of bad luck," says Pierre Chao, an analyst for Morgan Stanley Dean Witter. "Or they are doing so many launches that something slipped...

Author: /time Magazine | Title: It Is Rocket Science! | 5/24/1999 | See Source »

...secretary general as simply another tool to implement U.S. policy." To wit, Albright spokesman James Rubin's comment on Boutros-Ghali's charges: "It was always unfortunate that Mr. Boutros-Ghali did not have the skills to successfully manage the most important relationship for any secretary general, which is smooth cooperation with the United States." U.N. insiders would be forgiven for finding that response a tad arrogant from a country that hasn't paid membership dues since the Reagan presidency. Good thing Boutros-Ghali doesn't have many friends...

Author: /time Magazine | Title: When Undiplomatic Diplomats Collide... | 5/24/1999 | See Source »

...post four years ago, Lewis was scorned for randomization (in fact only partially his doing), and for mishandling the restructuring of the Phillips Brooks House Association. Lewis apparently learned something from that difficult first year, at least in regard to public relations; it has been largely smooth sailing since. Lewis's only recent gaffe was the decision to split the role of Dean of Students into three smaller posts, rather than appoint an energetic new dean. Further, the administration's generous new financial aid policy has made Harvard a leader in that field as well, despite rising tuition. Verdict: Better...

Author: By Geoffrey C. Upton, | Title: A Report Card for the College: Good News, for a Change | 5/19/1999 | See Source »

...Sade were cloned twice and the resulting twin sisters were reared in France by members of the Fugees, the women might sound something like the French singing team Les Nubians. Sisters Helene and Celia Faussart have a warm, engaging sound that blends smooth jazz, soft pop and warm R. and B. with a dash of danceable hip-hop. There are an emotional generosity and a spiritual depth on this album that come through on every track...

Author: /time Magazine | Title: Music: Princesses Nubiennes | 5/10/1999 | See Source »

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