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WorldCom's misdeeds are so big and brazen--and investor confidence is so fragile--that politicians can no longer afford to treat the accumulating scandals as anomalies in an otherwise healthy system. "The tipping point has been reached," says lobbyist Kenneth Duberstein, who served as chief of staff for Ronald Reagan. When the Senate Banking Committee passed new accounting regulations on June 18, few thought the bill would get the 60 votes it needed to overcome an almost certain filibuster. But after the WorldCom scandal broke, Daschle announced that the bill would be the first order of business when...

Author: /time Magazine | Title: Is Pitt's SEC a Toothless Watchdog? | 7/8/2002 | See Source »

...into a seminary library, and it's hard to find scholarly books on apocalyptic theology; academics tend to treat this tradition as sociology. They see End Times interest rising and falling on waves of cataclysm and calm. Masses of people became convinced the end was nigh when Rome was sacked in 410, when the Black Death wiped out one-third of the population of 14th century Europe, when the tectonic shudders of the Lisbon earthquake in 1755 caused church bells to ring as far away as England, and certainly after 1945, when for the first time human beings harnessed...

Author: /time Magazine | Title: Apocalypse Now | 7/1/2002 | See Source »

...injected them into mouse embryos, where they developed into nerve, liver and other types of cells. In the other study, scientists from the National Institutes of Health did similar work with stem cells from mouse embryos, which developed into brain cells that produce dopamine and could be used to treat Parkinson's disease...

Author: /time Magazine | Title: Stem Cell Double Play | 7/1/2002 | See Source »

...former wUnderkind played in his second World Cup final, trying to make up for his near career-wrecking appearance in the World Cup 1998 finale against France. He suffered a seizure just before that match?allegedly brought on by a combination of pressure and injections to treat a dodgy knee?and played as if in a zombie-like trance. In subsequent years at the Italian club Inter Milan, Ronaldo Luiz Nazario de Lima, dogged by injury, never regained his sparkle or his reputation...

Author: /time Magazine | Title: The Ultimate Samba | 7/1/2002 | See Source »

...World Cup is a smorgasbord for fans, but it can be just as much a feast for agents and football-club owners, who treat the tournament as a giant showroom for potential talent?even in this era of nascent financial parsimony. While some players disappear into oblivion in the face of international pressure, others rise to the challenge. Here, with the help of football agent Athole Still, who represents England manager Sven-GOran Eriksson, TIME analyzes some of those players who excelled and looks at how they increased their market value...

Author: /time Magazine | Title: Players who are moving up... | 7/1/2002 | See Source »

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