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...observed from a global perspective. It is true that the American people have been damaged by cocaine. It is also true that producer and refiner countries are experiencing indiscriminate terrorism, hired killings, kidnappings and government corruption, including in the U.S. What is the difference between exporting a pound of coke from a producer country and exporting an AR-15 and its ammunition from the U.S. to murder innocent people in developing countries? Why are countries such as Germany free to export materials used to refine cocaine? Why do countries like Switzerland, Panama and even the U.S. protect money whose origin...

Author: /time Magazine | Title: A Day with the Chess Player | 7/1/1991 | See Source »

...these towns have persuaded their universities to pound out tax agreements as substantial as Harvard's. Newton Mayor Theodore Mann, for instance, says he is looking for more generous reciprocation from his city's five colleges, the largest of which is Boston College...

Author: By Jonathan Samuels, | Title: Harvard and the City Strike an Historic Tax Pact | 6/6/1991 | See Source »

...those schools have something Harvard doesn't--frats. So with time on his hands, Ramos and a handful of friends started the Harvard chapter of Zeta Psi and created a ready-made "group of guys" with whom to hang out, pound beers and take the occasional road-trip...

Author: By Joseph R. Palmore, | Title: 'Hey, Hey, How Ya Doin'?' | 6/6/1991 | See Source »

...bidding for elk horn is still going strong. Boy Scouts in Jackson, Wyo., who each year auction off the antlers shed by bull elk at the nearby National Elk Refuge, earlier this month collected a total of $76,177, or about $11.20 per lb. The price per pound has been rising about 50 cents annually, thanks in part to Asian bidders who can sell ground elk horn for as much as $300 per oz. because of its purported aphrodisiac and medicinal qualities. But this year Korean buyers sat on their hands, complaining that the ever pricier horns were...

Author: /time Magazine | Title: Horns for The Highest Bidders | 6/3/1991 | See Source »

Rule No. 1: Understand your market. His stores, he says, sell "cheap and tacky products." Rule No. 2: Form clear quality goals. "We also do cut-glass sherry decanters complete with six glasses on a silver-plated tray -- that your butler can serve you drinks on -- all for 4.95 pounds (($8.73)). People say, 'How can you sell this for such a low price?' I say because it is total crap." Rule No. 3: Evaluate how your product stacks up against all the competition. "We even sell a pair of earrings for under 1 pound (($1.76)), which is cheaper than...

Author: /time Magazine | Title: RETAILING Sterling Advice | 5/6/1991 | See Source »

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