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...Americans making more investments abroad, the dollar has slid 11% against major currencies since April 1. Famed hedge-fund manager and currency speculator George Soros says the buck could fall an additional 33%. "We're at a tipping point of whether foreigners take a massive stake out of the U.S.," says Joseph Quinlan, senior global economist at Morgan Stanley. "If you have another accounting issue along with weaker than expected growth and poor profitability, then you may see a vicious circle." The next in the series. --With reporting by Alice Jackson Baughn/Jackson, Daren Fonda/New York City and Collette Parker/Atlanta

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

They're cousins, and What a Crazy Pair The name calling, the accusations, the ill will--oh, the fun that occurs in a family when a relative dies and money is at stake. Days after the death of advice empress Ann Landers (real name: Esther Lederer), her daughter and niece are engaged in a vitriolic feud like the one that once consumed Landers and her twin sister, Abigail ("Dear Abby") Van Buren. Landers' daughter MARGO HOWARD, right, accused Van Buren's daughter, JEANNE PHILLIPS, left, of trying to cash in on Landers' death. Phillips, who inherited Dear Abby, went...

Author: /time Magazine | Title: People: Jul. 8, 2002 | 7/8/2002 | See Source »

...only glance at the recent business headlines to see the hurdles Malone, now chairman of Liberty Media, faces. In Britain the premium over-the-air service ITV Digital recently shut down, and each of the country's two big remaining cable companies, Telewest (in which Liberty holds a 25% stake) and NTL, is saddled with billions of dollars in debt. NTL bondholders rebuffed Malone earlier this year, and if he continues to be shut out of Britain, "there will be a serious piece missing" from his master plan, notes Gary Klesch, a London-based media investor and former Malone partner...

Author: /time Magazine | Title: Cable Guy: John Malone: Wiring Europe | 7/1/2002 | See Source »

...Under his direction, Mazda was transformed from a floundering money loser to an automaker with net income of $66 million in its past fiscal year. Analysts hailed Fields as the next Carlos Ghosn--the executive who led Nissan's dramatic turnaround. Fields' bosses at Ford, which owns a controlling stake in Mazda, were so impressed that they handed him a bigger job: turbocharging Ford's troubled Premier Automotive Group (PAG), made up of Aston Martin, Jaguar, Land Rover and Volvo...

Author: /time Magazine | Title: Ford's Young Gun | 7/1/2002 | See Source »

...assets invested, plus 20% of profits. More hedge funds are opening to those with "just" $100,000 to $250,000 to invest, but these are mainly new funds or those with lackluster performance. One strong exception is JLH Capital Investment, a "market-neutral" fund that requires a minimum stake of $250,000. A similar fund is Gryphon Partners, with a $200,000 minimum...

Author: /time Magazine | Title: Affordable Hedge Funds | 7/1/2002 | See Source »

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