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...ambitious and duplicitous to trust," says ally turned foe Gerard Pierre-Charles of the Democratic Convergence coalition, which has set up a rival government backed by the forces that sponsored the 1991 coup. Aristide aides accuse it of bankrolling street bombings. Convergence president Gerard Gourgue, 75, went underground for several days after Lavalas mobs attacked his offices last month...

Author: /time Magazine | Title: The Once and Current President | 5/7/2001 | See Source »

...Hernando de Soto is through with it. Where most see Egyptian shantytowns, De Soto sees tiny businesses and homes that together are worth 35 times more than the companies traded on the Cairo stock exchange. That grimy army of Mexico City street vendors, he claims, is part of an underground economy that helps create 85% of Latin America's new jobs. All it takes to jump-start economic growth in poor nations, he insists, is to legalize those clandestine markets, unleashing legions of new creditworthy entrepreneurs who can be trading partners for businesses in the U.S. and elsewhere...

Author: /time Magazine | Title: Underground Riches | 5/7/2001 | See Source »

...Third World elites, who often control legislatures, tend to eschew reforms that empower workers. But De Soto, a former governor of Peru's central bank, insists the plan showed success while he was ex-President Fujimori's chief of staff in the early 1990s. Some 276,000 underground businesses--including large bus-assembly plants--were legally titled, helping generate $1.2 billion in new tax revenue...

Author: /time Magazine | Title: Underground Riches | 5/7/2001 | See Source »

...author of several plays, including two recently produced at Harvard, David plans to begin work on his thesis this summer in Paris. Inspired by a visit to the Paris catacombs the summer after his freshman year, he plans to write a play about the man who built the massive underground crypt during the 1780s. “A lot of people sort of dread their theses and all the academic work involved,” he said. “I think it will be a great learning experience, but also a really fun experience...

Author: By Camberley M. Crick, CRIMSON STAFF WRITER | Title: Once Upon A Time | 5/4/2001 | See Source »

...underground mall at Taipei's famous Hsing-tian Temple hosts an odd collection of closet-sized rooms. Inside, under sterile fluorescent lights, perch several young Japanese women on low wooden stools, patiently waiting to have their fortunes told. Each is spending $60-150 for a session lasting less than a half hour but they insist that the predictions and advice - details on marriage, future children and career advancement - are worth every penny. "The Chinese fortune tellers are more accurate," says one of the Japanese tourists. That's a reputation worth cultivating. According to one fortune teller, a third...

Author: /time Magazine | Title: Shopping and Sex Please, We're Japanese | 4/30/2001 | See Source »

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