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DEBT-FOR-NATURE SWAPS Most countries with surviving wilderness also happen to be relatively poor and indebted to the developed world. In 1984 Thomas Lovejoy, then with the World Wildlife Fund (WWF), had the idea of converting vice to virtue by buying off or forgiving debt if developing countries gave protected status to some valuable wild area. Conservation International implemented the first debt-for-nature swap in Bolivia's Beni Biosphere Reserve in 1987. The U.S. Congress gave the strategy a boost in 1998 with the Tropical Rainforest Conservation Act, which authorized the President to reduce some countries' debt...

Author: /time Magazine | Title: Let Them Run Wild | 8/26/2002 | See Source »

...says Johnson. Stewart spokeswoman Allyn Magrino refused to comment on a possible Capitol Hill appearance. If Stewart comes in for a Tauzin meeting, it will be a return engagement. In 2000, he appeared on her show to promote his Cajun cookbook, Cook 'N Tell. This time he wants to swap more than recipes...

Author: /time Magazine | Title: Martha's Untidy Story | 8/19/2002 | See Source »

...report published on a website linked to the Islamic Iran Participation Front, Iran's leading reformist party, Saddam's son Qusai Hussein recently met with a deputy commander of the Iranian Revolutionary Guards. The Foreign Ministry denied a meeting took place, but the report states that Qusai offered to swap members of the Mujahedin-e Khalq wanted by Iran for some of that country's Shahob-3 missiles, which could hit Israel, and a guarantee of Iranian humanitarian aid in the event of an American attack. Tehran declined the swap, but agreed to aid that might stem the expected flow...

Author: /time Magazine | Title: Iran and Iraq | 8/11/2002 | See Source »

...futzed a little bit with this one. But I couldn’t resist the chance to talk about my roommate’s and my favorite TV habit, “Trading Spaces.” It’s a show on TLC where neighbors swap homes for two days and redecorate one room, using such exciting and innovative techniques as using lots of rich colors such as burgandy and gold and replacing wall paper with natural materials like hay and moss. Come to think of it, this really doesn’t sound all that different from...

Author: By Kate L. Rakoczy, | Title: Home Schooling | 8/9/2002 | See Source »

...could be €150,000. Both sides might care to ponder Cage's own observation that, "the very practice of music ... is a celebration that we own nothing." THE BOURSE The Steel Deal Anglo-Dutch steelmaker Corus will buy Brazil's CSN in a $4.3 billion stock and debt swap. The deal moves Corus from sixth to fourth place in global steel production. Pfizer Upsizer The race for pharmaceutical consolidation continued apace as Pfizer announced a $60 billion takeover of Pharmacia. The move solidifies Pfizer's top spot in the global drug industry. IBM Sings the Big Blues...

Author: /time Magazine | Title: Things Get Tricky for Trichet and the E.C.B. | 7/21/2002 | See Source »

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