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...efforts to increase oil output, led by Energy Secretary Bill Richardson, have taken the form of persuasion rather than threat. "The reason is that in the U.S.'s relationship with a number of oil-producing countries, economics takes a backseat to politics," says TIME senior business writer Bernard Baumohl. After all, OPEC and its allies are engaging in price-fixing that contravenes World Trade Organization rules, but there's been no rush by Washington to file suit. "Last year the administration was prepared to fight a trade war with Europe over bananas," says Baumohl, "but nobody's challenged OPEC...

Author: /time Magazine | Title: Leaning on the Oil Cartel Isn't As Easy As It Seems | 3/16/2000 | See Source »

...rising at an unsustainable pace, making it perhaps the most serious problem facing the U.S. economy today," says TIME senior business writer Bernard Baumohl. "When America's foreign debt surges, foreigners are forced to hold more dollars. If they begin to dump those for fear of being overexposed, that would drive down the value of the dollar and make imports even more expensive, which would bring inflation. But the only way to convince nervous creditors to hold on to dollars may end up being to raise interest rates in order to give them a better return on their holdings...

Author: /time Magazine | Title: Why U.S. Trade Deficit Is an Important Issue | 3/15/2000 | See Source »

Another of Osborn's pseudo-arguments is the picture of a harsh pre-Roe world where back-alley abortions killed thousands each year. This claim is not simply a misrepresentation, but a consciously fabricated and propagated lie. Dr. Bernard Nathanson, co-founder of National Abortion Rights Activist League, who now opposes abortion, stated, "We spoke of 5,000 to 10,000 deaths a year [from back-alley abortions]. I confess that I knew the figures were totally false...It was a useful figure, widely accepted, so why go out of our way to correct it with honest statistics." Actually...

Author: NO WRITER ATTRIBUTED | Title: Letters To The Editor | 3/14/2000 | See Source »

...siblings or parents, you may need to start in your 30s or 40s. A good rule of thumb is to begin getting tested 10 years before the youngest age at which colon cancer was diagnosed in any member of your family. "Don't wait for an invitation," says Dr. Bernard Levin of M.D. Anderson Cancer Center in Houston, Texas. "Tell your doctor, I want to get screened...

Author: /time Magazine | Title: Katie's Crusade | 3/13/2000 | See Source »

That's not a surprising move in today's financial climate, says TIME financial writer Bernard Baumohl. "The retail side of things has always been the least profitable aspect of banking, because you have to lease property and pay tellers." Traditional banks have also been losing individual customers to an ever-widening array of brokerage houses and online banks. By adopting an institutional angle, Deutsche Bank AG will be able to overlook those market risks - but where will their individual customers go to do their everyday banking? If Germany follows U.S. banking trends, says Baumohl, there will be a bunch...

Author: /time Magazine | Title: How a Huge Merger Shows the Future of Banking | 3/9/2000 | See Source »

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