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...dismal science. Consensus held that a plummeting dollar - making U.S. exports more affordable - and a drop-off in the price of oil would shrink the country's yawning trade deficit. Instead, it leapt to a record $60.3 billion in November, up from $56 billion a month earlier. How to explain the missed call? Moody's Investors Service labeled it "an atrocious month for U.S. exports," suggesting "ineffective business and government leadership may be to blame." But U.S. Treasury Secretary John Snow found a handier target: America 's major trading partners aren't buying their fair share of U.S. goods...

Author: /time Magazine | Title: Bizwatch | 1/16/2005 | See Source »

...help aspiring CEOs navigate that crucial phase. Neff and Citrin interviewed dozens of executives while conducting their research, and they illustrate each point of their plan--from shaping a management team to crafting a strategic agenda to engineering corporate culture--with real-life examples of success and failure. To explain the importance of preparation before Day One, for instance, Neff and Citrin cite Xerox CEO Anne Mulcahy, who, realizing she knew relatively little about finance, enlisted the director of financial analysis to give her a crash course in "Balance Sheet 101." To underscore the value of communication, they reveal that...

Author: /time Magazine | Title: Biz Briefs: First Days | 1/16/2005 | See Source »

Taken together, the finds overturn the idea that early mammals were tiny and timid. That had been eroding anyway with occasional discoveries of teeth and bone fragments that hinted at larger creatures. Now paleontologists can stop cooking up theories to explain why mammals were so little--that they had to be small to avoid being found, for example, or they couldn't grow larger because dinosaurs already occupied those ecological niches...

Author: /time Magazine | Title: A Taste for Dinosaurs | 1/16/2005 | See Source »

...Turn on the light, identify yourselves, and explain what you are doing!" KIM MOON SOO, South Korean legislator, as Chinese security agents raided a press conference on North Korean refugees in Beijing and shut off the electricity, resulting in a 12-hour standoff...

Author: /time Magazine | Title: Verbatim | 1/16/2005 | See Source »

Summers suggested that behavioral genetics could partially explain this phenomenon...

Author: By Daniel J. Hemel, CRIMSON STAFF WRITER | Title: Summers' Comments on Women and Science Draw Ire | 1/14/2005 | See Source »

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