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...occupied since returning to the government after a failed party leadership run against Sharon in November. "Israelis voted for Sharon because they don't believe there will ever be peace with [Palestinian leader Yasser] Arafat," Netanyahu told Time. "What they asked themselves in this election is, 'Who will be tougher?'" Sharon has proved he can be plenty tough. But with Labor, which signed the Oslo Peace Accords, in his cabinet, world leaders couldn't write off the possibility that Sharon might agree to a peace deal - even as Israeli tanks occupied every Palestinian city in the West Bank. But after...

Author: /time Magazine | Title: Israel's New Call To Arms | 2/2/2003 | See Source »

...against military action if Powell can prove that Iraq is currently camouflaging prohibited activities from the inspectors. Russia's President Vladimir Putin, for example, said Tuesday that "If Iraq starts to present problems for inspectors, then Russia could change its position and agree with the United States on new, tougher actions by the UN Security Council...

Author: /time Magazine | Title: Powell to Go for Broke at the UN | 1/29/2003 | See Source »

...Whitney Houston, was ordered to stay in Georgia pending his trial for a 1996 drunken-driving charge in Atlanta. But last week he appeared onstage at the American Music Awards with rapper Ja Rule singing a duet of Thug Lovin'. The crowd loved it, but the judge proved a tougher critic. When Brown turned himself in at the end of the week, the judge sent him to jail for eight days...

Author: /time Magazine | Title: People: Jan. 27, 2003 | 1/27/2003 | See Source »

...expedite" the processing of any award flight purchased within three weeks of travel. (The restriction used to be just two days.) Northwest and Continental Airlines have both increased by 5,000 the number of miles required to earn a free flight. Delta is making it tougher for bargain flyers to win "elite" status (which gives them perks like upgrades to first class); passengers traveling on discounted tickets now get only half as many points toward elite status as full-fare travelers. US Airways tried something similar but backed down when its frequent flyers balked. But the airline found another...

Author: /time Magazine | Title: Bedtime for Baby | 1/27/2003 | See Source »

...Mizuho's plight is the latest indication that Japan's biggest and sickest banks might ultimately require government bailout and takeover. The day of reckoning may be approaching. New, tougher accounting rules laid down by Heizo Takenaka, Japan's reform-minded chief of the Financial Services Agency (FSA), begin to take effect on April 1. Under the guidelines, banks will be required to declare worthless many of the questionable loans listed on their books as recoverable assets. Designed to force banks to clean up their rotten lending portfolios, later reforms will also likely restrict the dubious practice of counting future...

Author: /time Magazine | Title: Too Big to Fail? | 1/27/2003 | See Source »

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