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...payback before they extend the binge. It's unclear whether PCs and, say, Internet connections have made office workers more productive or simply more distracted. (Websites that seem to get the most hits are those featuring swimsuit models.) Real-world users of technology shouldn't fear that the ship is sinking. It's not. But for now tech stocks are, and investors may not get whole for a while. It's worth noting, though, that even with its recent 30% decline, Intel's shares are up fourfold in three years. Tech stocks, on average, have risen about twice as fast...

Author: /time Magazine | Title: ANOTHER SILICON VALLEY RECESSION? | 12/29/1997 | See Source »

...democracy protests. After mounting an unexpectedly strong challenge in his first presidential race in 1971, he was nearly killed when, suspiciously, a truck smashed into his car, leaving him with a permanent limp. Two years later, government agents shanghaied him from a Tokyo hotel to a ship at sea, where they planned to drown him. In 1980 the military government sentenced him to death for dissidence...

Author: /time Magazine | Title: SOUTH KOREA: A DISSIDENT HAS HIS DAY | 12/29/1997 | See Source »

...from Arlington National Cemetery after no one could come up with proof that he had actually been in the merchant marine. Lawrence had given himself a war record so moving that his voice cracked when he told about being thrown into the icy Arctic Ocean when his ship was torpedoed. It turned out, however, that he was at Wilbur Wright Junior College in Chicago at the time. If the question of wealthy contributors' buying burial plots in Arlington had not arisen, he and his secret could very well have rested in peace...

Author: /time Magazine | Title: LIES MY AMBASSADOR TOLD ME | 12/22/1997 | See Source »

...seems to have taken a form of divine intervention for the U.S. to loosen its embargo against Cuba just a tiny bit. To help POPE JOHN PAUL II's visit there next month, Washington will allow a cruise ship, some church supplies and as many as 10 chartered airline flights to take pilgrims from Miami to Havana. Might this be the start of a thaw? Well, one U.S. official noted that FIDEL CASTRO "is saying things he never said before," including asking a group of Protestants to pray for his country. National Security Adviser SANDY BERGER explained it this...

Author: /time Magazine | Title: CUBA LIBRE | 12/22/1997 | See Source »

SEOUL: Investors continued to flee the South Korean ship Monday, which hardly bodes well for the country's new captain, president-elect Kim Dae Jung. But Kim, who likened his nation to "a man heaving his last breath" while meeting with visiting U.S. Treasury official David Lipton, is not letting the financial crisis scuttle his hopes for a kinder, gentler ? and unified ? Korea...

Author: /time Magazine | Title: Awaiting a Change of Korea | 12/22/1997 | See Source »

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