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...bill would place them in a quandary: reject the legislation and risk an explosion of popular protest, or approve it and suffer the inevitable consequences. If their recent track record offers any guide, the Council may duck the confrontation by approving the bill, then seek to undermine its implementation via their control of the judiciary...
...throwing down the gauntlet, President Khatami may be signaling that he has lost hope of pursuing his reformist goals via a consensus achieved behind-closed-doors with the conservative religious leadership. It's a high-stakes political gamble that is likely to restore Khatami's standing among ordinary Iranians, and undermine the hard-liners who cling to the ideology of "revolutionary unity" as the pretext for their unpopular policies - and are therefore terrified of being exposed as being at odds with an overwhelmingly popular president...
...first, it was not so much the fear of a terrorist attack as the worry of being stranded far from home that crimped air travel. Long waits at security checkpoints took their toll. Companies sought alternatives--driving and taking Amtrak; doing business by phone and e-mail or via better-quality and lower-cost videoconferencing technologies--and found they weren't so bad, especially since they helped cut costs. When they did fly, business travelers and their bookers joined leisure travelers in seeking the best deals on the Internet, even if that required planning trips further in advance. And firms...
...investors continue to seek out less risky investments, a growing number of name-brand companies are selling bonds to the general public via Wall Street brokerage houses and on-line discounters. (Previously they were available only to institutional investors.) Companies selling these teensy parcels of debt include Freddie Mac, United Parcel Service, IBM and Dow Chemical. Their biggest draw? They usually offer higher yields than Treasury bonds (between 4% and 7%), and some--like those issued by Boeing Capital--pay interest on a monthly basis. The biggest drawback? They're not backed by the government...
...Korean websites. Educational Testing Service, the U.S. company that runs the GRE, claims students were able to beat the system because electronic tests were offered so frequently that questions had to be re-used often. That made it easy for students to compare notes and tip off their peers via the Internet. The service will suspend electronic versions of the exam in the three countries, instead giving paper-based tests just twice a year. Officials became suspicious after colleges complained that incoming students' impressive scores were sometimes belied by their lousy English. It's unclear how many were involved...