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Buyout Mania American firms are buying European companies, slashing jobs, boosting profits. Are they sinners or saviors?
Road Warriors Hyundai chairman Chung Mong Koo steers South Korea's largest carmaker away from its checkered past and toward a global success story
Profiteers While Europe struggles with stagnant growth and rising unemployment, many corporations are enjoying robust profits by cutting costs and sending more jobs abroad

The New Rand Lords [June 6, 2005]
Chrysler's Comeback [Nov. 9, 1992]
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On New Year's Eve, the Miseries of Minsk
As Russia hikes up the cost of gas for Belarus, the mood turns gloomy
Mogadishu at 60 Miles an Hour
Arms merchants are once again doing brisk business after a rapid change of power in this tough town, but so far the peace has held
The Year of The Nuke
A rundown of the world's nuclear powerhouses, and what to expect in the coming months
QUICK LINKS: Buyout Mania | Road Warriors | Silver Lining | Back to TIMEeurope.com Home
FROM THE AUGUST 1, 2005 ISSUE OF TIME MAGAZINE; POSTED SUNDAY, JUNE 24, 2005.

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