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Land Of The Sun Is Rising European investors are missing out on one of the biggest stock-market rallies of the year - in Japan. As France's economy officially entered recession and Germany showed optimistic signs (and continued sputters), the Nikkei index of Japan's largest companies closed above 10,000 points last week for the first time in a year, and is up more than 30% from its low in April, outperforming the U.S. and many other markets. Behind the rise are signs that Japan's prolonged slump may be over. Foreign capital is pouring back into the stock...

Author: /time Magazine | Title: Biz Watch | 8/24/2003 | See Source »

...replacement surgery he underwent in 1997 are questions that are sure to dog him during the campaign. So is the rumor that he is on dialysis, a consequence of steroid abuse. "Absolutely not!" says Columbu. "The first time I heard the dialysis rumor was when we were skiing in Sun Valley. I got a call from someone telling me that Arnold was on dialysis, and I said, 'No he's not. He's here skiing with...

Author: /time Magazine | Title: The Mind Behind the Muscles | 8/18/2003 | See Source »

Arnold's contradictions--if that's what they are--are an outgrowth of his two formative experiences: an iron-heel upbringing in Austria followed by all the lubrications of sun and fun and wealth that we still call California. He was born in the Austrian village of Thal, near Graz, in 1947, in the struggling years right after World War II. His mother was a homemaker. His father was a policeman and an avid performer of military music, which may help explain why Schwarzenegger sometimes reminds you of a one-man oompah band...

Author: /time Magazine | Title: The Mind Behind the Muscles | 8/18/2003 | See Source »

...spot where, 10 years ago, he and his colleagues took chain saws to hundreds of trees no bigger than telephone poles, carted off the trunks and branches, and then set fires to clear away the understory. Today the result of these Bunyanesque labors is a marvel to behold, a sun-dappled woodland arched over by the branches of 300-year-old trees and, in the spaces between them, a profusion of grasses and wildflowers...

Author: /time Magazine | Title: Fireproofing The Forests | 8/18/2003 | See Source »

...attempting to thin lodgepole pine forests to prevent such blowups would be ludicrous, say scientists, for these seemingly catastrophic blazes serve important ecological functions. Among other things, lodgepole pine saplings do not flourish beneath the shade of mature trees and thus are dependent on fires to clear sun-filled openings. Moreover, many lodgepole pines package their seeds in resin-sealed cones that can be opened only by intense heat. "What you have to keep asking yourself is what range of fire frequency and severity a particular forest has experienced," says Tania Schoennagel, a University of Colorado researcher who studies postfire...

Author: /time Magazine | Title: Fireproofing The Forests | 8/18/2003 | See Source »

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