Word: third world
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...odds. Though he now wields a military with an overwhelming superiority over the Palestinians, it's that history that makes Israelis trust Sharon to handle a situation in which low-level warfare seems to have become a permanent fact of life. The image of Israel facing a hostile world that would have it concede its security for a peace deal has also become increasingly useful for Sharon, as he cashes in on resurgent Zionist sentiment. Last week, Sharon barred Arafat's delegates from traveling to a Palestinian-reform conference organized in London by British Prime Minister Tony Blair. Israeli analysts...
...they are in and they are pretty serious about it," says Linda Kristiansen, a retail analyst for UBS Warburg Equity Research. They are also serious about global expansion. Wal-Mart wants to be in the world's top 20 national markets, which account for 60% of all retail activity. "I'm not trying to be flippant," adds Lee Scott, 52, Wal-Mart's third ceo. "But simply put, our long-term strategy is to be where we're not." Wal-Mart is now the leading retailer in Mexico. The company recently landed in Japan, buying 34% of Seiyu, a leading...
...HONORED. RONALDO, 26, Brazilian football superstar; named by FIFA as World Footballer of the Year for the third time; in Madrid. Ronaldo scored both goals in Brazil's 2-0 victory against Germany in the final of the 2002 World Cup and was the tournament's leading scorer with eight goals...
...RESIGNED. CHRISTOPHER GENT, 54, cricket-loving chief executive of Britain's Vodafone Group who rode the telecom boom and transformed the small FTSE company into the world's leading mobile-phone operator; in London. Vodafone chairman Lord MacLaurin said Gent stepped down over media criticism of his $19.8 million payout last year, when Vodafone recorded a $21.6 billion loss and its share price fell by a third. Gent's successor is Arun Sarin, head of Vodafone's U.S. ventures, who takes over in July...
...World, the Holy See is a particularly fitting home for Caodaism, a kaleidoscopic faith that combines all the major world religions and counts Julius Caesar, Thomas Jefferson and Vladimir Lenin among its saints. Since its recognition by Vietnam's communist government in 1997, Caodaism has flourished, and now tourists flock to its mecca in Tay Ninh province, about 90 kilometers northwest of Ho Chi Minh City. Visitors can wander the gaudy halls of the Holy See in search of enlightenment?or an eyeful. Murals depict the sacred eye of God in a triangle and recreate the signing of the Third...