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...have demonstrated the willingness," says Deborah Kuenstner, head of value investing at Putnam Investments. Her picks include power companies Entergy and Florida Power, oil company ExxonMobil and consumer-products maker Procter & Gamble. Other analysts like drugs (Pfizer, Wyeth), financials (AIG FleetBoston) and phones (Verizon, SBC). Proven funds that target dividends: T. Rowe Price Dividend Growth and Capital Income Builder...

Author: /time Magazine | Title: How to Play the Tax Plan | 1/14/2003 | See Source »

...North Korea is developing an intercontinental ballistic missile, the Taepo Dong-2, that could reach Alaska, Hawaii and possibly California. The North Koreans had pledged not to test-fire any long-range weapons until this year. If testing resumes, a U.S. military official says, Pyongyang may be able to target the continental U.S. with a nuclear warhead "within several years...

Author: /time Magazine | Title: How Dangerous Is North Korea? | 1/13/2003 | See Source »

That campaign has borne little fruit, in part because Wal-Mart's wages are competitive with those paid by rivals such as Kmart and Target. Wal-Mart offers health benefits, and its stock plan has been a wealth builder for many lower-level employees, at least until the market crashed. Still, Wal-Mart is regarded as offering ample opportunities for advancement. Charlyn Jarrells Porter, who heads the Wal-Mart division that deals with personnel issues, says two-thirds of its managers come from the ranks of store associates, which is what Wal-Mart calls all employees. This year the company...

Author: /time Magazine | Title: Can Wal-Mart Get Any Bigger? | 1/13/2003 | See Source »

...days later, Menad Benchellali, a self-proclaimed "chemist" and veteran of Afghan camps and the Pankisi Valley, was caught in Romainville. Material evidence collected during the Romainville raids leaves little doubt that the cell was planning an attack, French sources say. Subsequent testimony indicated that the plot was to target the Russian Embassy in Paris - to punish Russia for its poor treatment of the Chechens. Whatever the intended target, the toxic potential of the chemicals that Benchellali admits listing or writing out as formulas suggests that an enclosed space, with limited aeration, was the goal - not the exterior...

Author: /time Magazine | Title: A Poisonous Plot | 1/12/2003 | See Source »

...culture isn't limited to youngsters of Caribbean extraction but is spreading out into other black communities, and into Turkish and Balkan ones." While last week's headlines prompted calls for stronger action against gangs, the government's first reaction was to lash out at the most predictable target. Culture Secretary Kim Howells suggested that rap groups, in particular London's garage collective So Solid Crew, were at least partly to blame. Three of the 30-member band have been arrested on separate gun charges. "Idiots like the So Solid Crew are glorifying gun culture and violence," Howells fumed. Home...

Author: /time Magazine | Title: Bullets over Britain | 1/12/2003 | See Source »

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