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...While the fans of Rangers and Celtic will continue to treat the Glasgow derby match as a sectarian fetish for clashes ranging from the Battle of the Boyne to Belfast's Falls Road "troubles", those concerns are increasingly remote for the men who don the blue shirts of Rangers and Celtic's green-and-white hoops. What could it possibly mean to Rangers' Georgian striker Shota Arveladze when those cheering his team on against Celtic are singing "We're up to our knees in Fenian blood!" ? And what passions does an IRA anthem stir in the heart of Celtic...

Author: /time Magazine | Title: Soccer's New Wars | 7/15/2004 | See Source »

Options are in the spotlight because earlier this year the Financial Accounting Standards Board voted to require companies to treat them as an expense, making clear a cost that had been relegated to the footnotes. The tech world, which claims it needs stock options to attract good employees, has led the opposition. No lesser lights than Warren Buffett and Alan Greenspan have endorsed expensing. Here's the rub: surveys show that if options must be expensed, nearly half the companies with broad plans will cut back grants to the rank and file, while only a handful will cut equity-based...

Author: /time Magazine | Title: Investing: Pocket Pickers | 7/12/2004 | See Source »

...because they have the tax revenue," fumes Vergnaud. The pressure on governments to revamp their tax policies isn't just coming from activists. In a key ruling last September in a case involving Dutch automotive supplier Bosal, the European Court of Justice argued that national tax rules must treat business costs relating to investments elsewhere in the E.U. the same way they are treated at home. That decision gives tax authorities across Europe little choice but to overhaul their tax laws, which have traditionally taxed national operations differently from international ones. "There's a lot of tension and pressure...

Author: /time Magazine | Title: Escape From Tax Hell | 7/11/2004 | See Source »

...Sellers. Wal-Mart's reputation as a harsh employer, along with concerns about unfair competition, has spurred communities in Chicago, Dallas and Inglewood, Calif., to block construction of new stores. The outcome of the cases, thanks to the retailer's prominence, could affect how companies all over the world treat their workers. "The point is that more people are aware," says ex-employee Adams, who now works to unionize Wal-Mart stores. "They're finally seeing what's behind that smiley face." And these days, it's not a lot of smiles...

Author: /time Magazine | Title: Wal-Mart's Gender Gap | 7/5/2004 | See Source »

Prescribing drugs for off-label uses is nothing new, nor is it illegal. Doctors have been doing it for decades to treat rare diseases, pediatric disorders (for which medicines are often not specially approved) and various cancers. By some estimates, more than half of all oncology patients are treated with at least one off-label drug as part of their chemotherapy regimen. And many doctors see the practice as life-saving science. Statins, for example, were initially approved to lower cholesterol but are now heavily prescribed (and blessed by regulators) to prevent heart attacks and stroke. Says Dr. Cary Gross...

Author: /time Magazine | Title: Curbing The Drug Marketers | 7/5/2004 | See Source »

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