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There isn't much good news from General Motors these days. Its once dominant U.S. market share is slipping. Steel and labor costs are mounting. Profits are evaporating. But there's an unexpected bright spot in Asia: GM's South Korean unit, GM Daewoo Auto & Technology. In 2002, GM and its partners acquired the choicest assets of bankrupt Daewoo Motor for $440 million?and it looked like they overpaid. Daewoo's market share in Korea was shrinking and its factories were running at half their capacity. Union members tried to thwart the deal by rioting around the main factory near...

Author: /time Magazine | Title: Korean Turnaround Tales | 4/18/2005 | See Source »

While the ability to wage such high-tech combat will remain a dream, or nightmare, for years to come, it is very much a gleam in the Pentagon's eye. Working largely through the Defense Advanced Research Projects Agency, a special unit devoted to exotic weaponry, military planners are developing a generation of computerized land and air systems that Buck Rogers would envy. Prototypes are being built by defense contractors around the U.S., and will be tested in coming months at sites ranging from private proving grounds to engineering laboratories...

Author: /time Magazine | Title: Over Hill, over Dale... | 4/18/2005 | See Source »

...that had been secretly inserted into the giant IBM machine. At a preassigned time, the logic bomb suddenly went off and maliciously froze the utility's internal files. Work came to a standstill until a team of experts, including the Los Angeles police department's newly formed computer crime unit, was able to uncover the subversive coding. The unknown criminal, who could face five years in the California state penitentiary and a $10,000 fine, is still at large...

Author: /time Magazine | Title: Computers: A Threat from Malicious Software | 4/18/2005 | See Source »

...Americans always kept buying more and more cigarettes. Today, though, while the $18 billion tobacco industry remains very profitable, the element of predictability is gone. The industry is facing a spate of product-liability suits and, for the first time in its history, a period of declining consumption. Unit sales peaked in 1981, when Americans puffed on 640 billion cigarettes. By the end of this year, consumption is expected to be down 7% from that level...

Author: /time Magazine | Title: Tobacco Takes A New Road | 4/18/2005 | See Source »

...December 27, 2004, was my first official day as commanding officer of the First Health Support Battalion, one of Australia's two Army medical units. It was my birthday too, and our family had just moved into a new house, so I was unpacking and getting ready to have 30 people over for a birthday lunch. I had two chickens in the oven and was just about to pop some champagne when my mobile phone rang. When I hung up I said to my Mum, well, I'll see you sometime. I rang my husband, who's a fireman...

Author: /time Magazine | Title: We Are All Anzacs | 4/18/2005 | See Source »

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