Too Many Elephants

Summaries of what's in Time, Newsweek, etc.
April 14 2000 9:30 PM

Too Many Elephants

(Continued from Page 1)
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U.S. News & World Report, April 17

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The cover story celebrates Generation Y. Teen-age arrest, pregnancy, drug use, and school dropout rates are down. Most American teens are levelheaded; many are altruistic. An article worries that teenphobia is distorting our juvenile justice system. Though teen crime rates are declining, the treatment of juvenile offenders is growing harsher. An item reports more bad news for Mayor Rudolph Giuliani: Despite New York's zero-tolerance policing, the city's murder rate has climbed 12 percent so far this year.

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The New Yorker, April 17

A profile of Ehud Barak claims that his willingness to withdraw Israeli troops from Lebanon reveals that the Israeli prime minister remains a go-it-alone commando at heart. Barak's "autocratic style" is undermining his popular support. (David Plotz's " Strange Bedfellow" deflated Barak euphoria nine months ago.) A piece depicts Guggenheim director Thomas Krens as a Barnum-like huckster who is turning museum-going into the intellectual equivalent of a stroll through the mall. Krens' latest apostasy: a plan to build a Bilbao-like building along Wall Street's waterfront.

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Weekly Standard, April 17

The cover editorial claims that the Clinton administration cut a deal with Fidel Castro to return Elián in exchange for the repatriation to Cuba of eight Cuban nationalists who rioted in a Louisiana jail. (Slate's " Kausfiles"  wondered about the same linkage on Saturday.) The Standard also alleges that Elián's dad appears to be a Cuban secret policeman and Castro puppet. The cover feature denounces the National Council of Churches for obeisance to Fidel Castro. The organization that is financing efforts to return Elián to Cuba has a history of cheering Communist revolutions and defending Vietnamese re-education camps. An article condemns the media for libeling Cuban-Americans. The Miami exiles aren't wackos rioting for mob rule, they're anti-Communists fighting for the freedom of an innocent boy.

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The Nation, April 24

A special world-trade agitation issue pegged to next week's expected International Monetary Fund and World Bank protests. A cover story blames unregulated capital flows for international financial crises. We need a "new governing authority for global finance," composed of officials elected through worldwide referendums. In an interview, Noam Chomsky castigates international lending institutions such as the IMF for foisting punishing debts upon desperate developing countries. Third World arrears are illegitimate because they were "imposed by force."

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Business Week, April 17

The cover story  calms nervous New Economy bulls. The April 4 stock market plunge represented "a flight to quality across the entire equity spectrum." The deflation of the Nasdaq bubble was overdue, but the economy remains robust. Like Time, Business Week warns that e-commerce companies are in free fall. Sites such as drkoop.com don't have a profitable business models. For consumer Internet firms, the "inevitable shakeout will be bloody." A special report on executive compensation says that top-paid Computer Associates CEO Charles Wang earned $655.42 million last year. No. 5, AOL's Steve Case, made a mere $117.09 million.

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