Fighting the Cocaine Wars

Worldwide production of illicit opium, coca leaf and cannabis is many times the amount currently consumed by drug abusers. Some governments do not have control of the narcotics growing regions, and prospects in several countries are dampened by corruption, even government involvement in the narcotics trade.

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Under The Microscope

As questions swirled around its accounting practices, Tyco International, an industrial and services conglomerate with $36 billion in annual revenues–and a beaten-down stock price–said last week it would split into four companies in a bid to “unlock tens of billions of dollars of shareholder value.” The company’s combative CEO, Dennis Kozlowski, predicted the breakup would add 50% to the stock price. Going him one better, Don MacDougall of J.P.

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In Israel, the Shadow of a New Gaza War

Israeli officials say it so often they’ve taken to apologizing for using the example, acknowledging it’s become a clich: Israel and Hamas can lob shells into and out of the Gaza Strip indefinitely without risking actual war, the explanation begins. Each side wants to appear tough, and over four years the call and response has grown as delicately calibrated as a minuet.

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