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Still, optimists are getting easier to find. Investors generally are encouraged by tough new laws on corporate fraud. Widely admired General Electric gave investors reason for hope last Wednesday, when it joined a growing list of companies that plan to treat stock options as an expense. Accounting rules don't require this, but not doing so has helped executives hide the truth about their companies' profits. And Stanley Works has scrapped plans to relocate in tax haven Bermuda. Though the decision sent its stock lower, it's likely to lead other companies to reconsider that ethically shaky strategy...

Author: /time Magazine | Title: Sunken Treasure? | 8/12/2002 | See Source »

...cover portrait of Miami photojournalist Susan Pierres elicited contradictory reactions, proving that beauty is in the eye of the beholder. "Since most of the media treat older women as if they don't exist, I was amazed and heartened to find a vibrant, beautiful 60-year-old on your cover," wrote a California woman. "I'm framing this dazzling picture as something to live up to as I near Pierres' age." But another Golden State sister was less impressed, declaring that "Pierres has obviously overdosed on Miami sunshine." A Minnesotan agreed. "Pierres needs to wear sunscreen...

Author: /time Magazine | Title: Letters: Aug. 12, 2002 | 8/12/2002 | See Source »

...deep desire to feel differently about a country that schooled him, and in many other ways earns his admiration. But he's disappointed by how little effort the Bush administration makes to engage with Palestinians, to meet and take seriously their leaders, and to treat Palestinian needs and aspirations on the same level as those of Israelis. Mounir and his family have already canceled their usual summer trip to the East Coast, their affection for the U.S. having shifted to a belief that it's a country "hostile to Arabs, as a people, as a nation." This is what...

Author: /time Magazine | Title: Why Arabs Aren't Buying Uncle Sam | 8/9/2002 | See Source »

...same obstacles that helped keep them there in the first place: bad credit; a sagging job market; hostile, sometimes racist landlords; and neighborhoods that reject or make life uncomfortable for the incoming poor. "It's tough dealing with landlords when they know you have a voucher," says Berryman. "They treat you different when they know you're coming from the projects." Many of those landlords, she says, harbored misguided suspicions that she or her teenage son was involved with drugs and subjected them to nasty interrogations before slamming the door in their faces. That kind of treatment continued even after...

Author: /time Magazine | Title: The Long Way Home | 8/5/2002 | See Source »

...raiser, an arduous hike through Hong Kong's New Territories along the MacLehose Trail. But for solo souls willing to train with strangers, the event's website offers an online bulletin board that matches teams with new members. While billed as a walkathon, competition is fierce and many teams treat the fund raiser as an ultra marathon. Last year's fastest team, Montrail Protrek, set a new record, completing the 100-kilometer trek in just under 13 hours. Click on www.trailwalker.org.hk to learn more...

Author: /time Magazine | Title: Short Cuts | 8/5/2002 | See Source »

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