Vietnam Was Overrated 

Summaries of what's in Time, Newsweek, etc.
April 28 2000 9:30 PM

Vietnam Was Overrated 

(Continued from Page 1)

A Time article predicts that the debut of the low-fare luxury airline, Legend, will revolutionize air travel. The Dallas-based four-plane carrier provides gourmet meals and first-class perks. To compete, American Airlines is making its coach cabins more commodious.

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Newsweek reports that 84 percent of Americans believe in miracles. Jews are least likely to believe in them. A Newsweek special report commemorates the 25th anniversary of the fall of Saigon. Memorable detail: When the North Vietnamese approached the perimeter of South Vietnam's capital, Radio Saigon played "White Christmas" to signal the beginning of the evacuation.

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U.S. News & World Report, May 1

The cover story claims that we are losing sight of the lessons of Vietnam. The war taught military theorists that combat shouldn't be micromanaged from Washington and that force shouldn't be applied incrementally. But Pentagon brass abandoned the doctrine of overwhelming force during the Kosovo conflict. An article worries that the United States is not equipped to handle the record number of inmates—585,000—who will be released this year. Job training and drug treatment could ease the assimilation of ex-cons. A piece pegged to Nasdaq's plunge highlights "the dark-side of start-up life." New economy workers are bailing out of sinking startups, and the number of e-related bankruptcies is skyrocketing.

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The Nation, May 8

A foreign policy issue. An essay argues that the "Americacentric world order" is unstable. Second-rate powers rebel against Uncle Sam's hegemony. Americans don't have the will or resources to single-handedly police the globe. We need a "world-oriented foreign policy," with strong international regulatory bodies. An article urges the United States to subsidize environmentally correct economic growth.

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Business Week, May 1

The cover story traces the rise and fall of Value America, a would-be online Wal-Mart. Ex-CEO Craig Winn attracted investors despite his abysmal business record and his lack of high-tech experience. After a year of titanic losses, Value America's stock dropped from $74 to $2. A gloomy article reports that the WNBA is suffering from flat ticket sales, declining corporate sponsorships, and player demands for higher salaries. If the WNBA can't succeed, it will be hard for other women's sports leagues to survive.

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