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Person of the Week IN THE LINE OF DUTYThe media world was saddened and outraged by the news that kidnapped Wall Street Journal reporter Danny Pearl was killed by his radical captors in Pakistan. U.S. President George W. Bush said Pearl's death will only strengthen Washington's resolve against terror...

Author: /time Magazine | Title: Starting Time | 3/4/2002 | See Source »

...looking the other way. "This kind of activity is not large enough to attract our attention," says Masaki Omura, a spokesman for the Ministry of Finance. Says Eisuke Sakakibara, the former Vice Finance Minister known as "Mr. Yen": "There's no deep implication to this. If it helps strengthen solidarity in a local community, that's probably good. In the end I think people want real money." Sometimes, though, the pretend money will do just fine. "It's all based on trust and credibility," says Mutsumi Nagai, a Yufuin restaurant owner who accepts two yufu...

Author: /time Magazine | Title: No Yen? No Problem! | 2/18/2002 | See Source »

...distinguished years as Dean of the Faculty of Arts and Sciences (FAS), Jeremy R. Knowles rescued FAS from an imposing budgetary deficit and was afterwards able to pursue a myriad of initiatives to strengthen Harvard’s academic presence...

Author: By The CRIMSON Staff, | Title: Eleven Successful Years | 2/12/2002 | See Source »

...clearly nobody was paying enough attention when, at some point last year, Rusnak began to run up losses. He seems to have bet that the yen would strengthen against the U.S. dollar, but the exact opposite happened. Normally, currency traders reduce such risks by buying options to hedge their positions; in Rusnak's case, he would have had to enter into options contracts for dollars. But the options he is said to have bought turned out to be fakes...

Author: /time Magazine | Title: Déjà vu on the trading floor | 2/11/2002 | See Source »

Summers called for coordinated policies of structural reform coupled with “reflation” to strengthen...

Author: By David H. Gellis, CRIMSON STAFF WRITER | Title: Economic Advice Marks Summers’ Japan Trip | 2/4/2002 | See Source »

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