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Over the next year or so, Parsons must manage AOL Time Warner's $26 billion in debt to avoid a downgrade in the company's credit rating. He plans to spin off a minority interest, valued at about $4 billion, in the company's cable-TV assets. Parsons must revive the AOL online division, which is dragging down the successful entertainment, publishing and cable divisions. He must deal with multiple federal investigations of AOL's accounting practices before and after the merger, and if those probes turn ugly, judge whether it makes sense to keep "AOL" in the company name...

Author: /time Magazine | Title: Dialing Up a Departure | 1/27/2003 | See Source »

...years in secluded monastic tuition. He then moved to Rajpur to study at Sakya College where an American friend (now one of his producers) gave him his first lesson in photography. He later attended London's School of Oriental and African Studies, adopting the pseudonym "Larry Newcastle" there to avoid being mobbed by Tibetan and Bhutanese emigrants living in the capital. It was in London that Khyentse Norbu met Bertolucci and began to consider making films...

Author: /time Magazine | Title: The God of Small Films | 1/27/2003 | See Source »

...phenomenon is partly due to nesting pairs checking their calendars about nine months ago and realizing that if they wanted a child with an auspicious sign, they had to get amorous fast. Some expectant mothers are asking doctors to induce labor to help them avoid the curse. As we went to press, frazzled maternity workers were bracing for one last big push. "Come Friday, we'll be much freer," says Liu Jing, deputy chief of obstetrics at Beijing's Medical University Maternity Hospital. The Year of the Sheep may be unlucky for some, but for Chinese obstetricians...

Author: /time Magazine | Title: Horse Race | 1/27/2003 | See Source »

...Korea would take place "at the appropriate time." Representatives from several countries involved in the crisis privately expressed dismay at Washington's refusal so far to sit down with Pyongyang at the bargaining table. They also want to give the diplomats time to tease out a solution that would avoid the imposition of sanctions, a move that North Korea has said would amount to an act of war. - By Donald Macintyre/Seoul...

Author: /time Magazine | Title: World Watch | 1/26/2003 | See Source »

...politically smart for President Bush to avoid declaring that he is unequivocally opposed to affirmative action. But in this case, his actions speak louder than his words. Bush’s conception of “affirmative action” would outlaw universities’ only proven, effective way of achieving the crucial value of diversity in their student bodies...

Author: By The CRIMSON Staff, | Title: Be Honest on Affirmative Action | 1/22/2003 | See Source »

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