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...Thank you, Joe Klein, for speaking out on the Bush Administration's postwar failures and misinformation to which the American people have been subjected [IN THE ARENA, June 2]. Maybe there were good reasons for going into Iraq. It's too bad we weren't told what they were. TESSA FORBES Natick, Mass...

Author: /time Magazine | Title: Letters: Jun. 23, 2003 | 6/23/2003 | See Source »

...Thank heavens for big spenders overseas. In the past decade, domestic profits of U.S. companies have increased only 19%, while those of their foreign subsidiaries have risen 173%. From the second quarter of 2001 to the first quarter of this year, domestic earnings fell 11%, while foreign earnings rose 7%. Overseas profits as a percentage of total earnings have nearly doubled over the past decade, to 39% from 22%. A weak dollar, which boosts the value of profits booked in foreign currencies, has helped recent offshore performance. But, says Prudential Securities chief economist Richard Rippe, these numbers show "the resourcefulness...

Author: /time Magazine | Title: World Briefing: Jun 23, 2003 | 6/23/2003 | See Source »

...Though Iraq is mess right now, the U.S. does have a significant trump card in the country's divided political geography - a situation for which the Bush administration can thank the French (and the British). Iraq, like most of the nation-states conjured up with pencil and ruler on mapping tables in European capitals during the colonial era, comprises three distinct and often hostile ethnic groups. The Europeans did this to make such entities easier to rule from the outside and hobble their ability to unite against the colonial authorities. And the same dynamic may help the Americans...

Author: /time Magazine | Title: America's New War in Iraq | 6/19/2003 | See Source »

...After this weekend's concerts, Beyond will embark on a world tour, playing to mainly Chinese audiences in Asia, Australia, Canada and the U.S. "When we feel as if we've performed to all our fans around the world, as a thank you to them, then the tour will end," says Ka-keung. But it looks as though there might be more of Beyond on the way. A new generation of devotees is emerging, with many longtime fans now bringing their children to the shows. "Our dream now is to capture the third generation?our fans' grandchildren," laughs Yip. "Then...

Author: /time Magazine | Title: 20 Years Ago Today | 6/16/2003 | See Source »

...best one. Jim Dion notes that in the Midwest, Jewel grocery stores, a division of Albertson's, have their cashiers circle the preferred-customer savings on the register tape before handing it to the shopper. "Nice little touch," Dion says approvingly. "Maybe they could add to that a sincere 'thank you,' which would be nice. But they didn't when I was there." The way his voice falls before adding the afterthought says a lot about the frustrations of store shopping--and managing. It says the little things count for a lot. And it says don't take them...

Author: /time Magazine | Title: Management: Just Take the Money! | 6/9/2003 | See Source »

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