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Karen Petersen, a financial planner in Ames, Iowa, for American Express Financial Advisors, is counseling clients to build a portfolio that provides near-certain income through cash and fixed income that will not fluctuate with the stock market for the first three years of retirement. Beyond that, she helps them invest carefully in stocks so they can earn a long-term return that beats inflation. "I want to rebalance people's portfolios, but I don't want them to leave the stock market entirely," she says. The market may not rebound quickly, but it's sure to do well over...

Author: /time Magazine | Title: Will We Ever Retire?: Everyone, Back in the Labor Pool | 7/29/2002 | See Source »

...main terminal) and the two maps of America decorated with photos of oddball tourist attractions (such as the world's largest office chair, in Anniston, Ala.), you can stroll across a giant land bridge overlooking the snaking security lines. One Denver innovation has helped these lines move more quickly: express lines for passengers with only one carry-on item (a purse or small suitcase, but not both). Keith Hamlyn, a soccer-playing six-footer who travels to Florida two or three times a month for Lockheed Martin Astronautics, used to get to the airport two hours before his flight...

Author: /time Magazine | Title: Airport Security: Welcome to America's Best-Run Airport* | 7/15/2002 | See Source »

...continues unabated, with all its attendant risks. An American AC-130 gunship last week apparently raked a wedding celebration in the Deh Rawod village of Kakarak, about 70 miles north of Kandahar. Afghan authorities say more than 40 people were killed. President Bush called Afghan President Hamid Karzai to express his sympathy for those who lost loved ones, and the two leaders committed themselves to a full investigation of the tragedy. But the deaths prompted the first anti-American demonstration in Kabul, the Afghan capital, since the fall of the Taliban. A few days later, Haji Abdul Qadir, a Deputy...

Author: /time Magazine | Title: AFGHANISTAN: Losing The Peace? | 7/15/2002 | See Source »

...Kitty, 52, has a few dozen chickens and 4 hectares of mango, tamarind and oily mahua nut trees. On the rare occasions she has $20 to buy boxes of fruit, she sells bananas to passengers on the Calcutta Express at McCluskieganj railway station. It's hard to see how she earns enough to feed her four daughters. But it's almost impossible to imagine that when she was born inside these whitewashed walls, McCluskieganj was a paradise for mixed-race children of the British empire. What Kitty remembers most about the early days is the hope. The settlers' idea...

Author: /time Magazine | Title: Letter from India: No Place Like Home | 7/8/2002 | See Source »

...post of Cabinet Secretary, the official who acts as the chief intermediary between the President and her Cabinet and thus wields tremendous influence over policy decisions. "She knows that if she gives in on this that Taufik will control everything," says a source close to Megawati. Even Taufik loyalists express concern. "He uses his influence; he wants to make sure Megawati is effective as the President," says Rizal Mallarangeng, an academic who is a close friend of Taufik's. "But whether it's for good or bad depends...

Author: /time Magazine | Title: Looming Large | 7/8/2002 | See Source »

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