Rana Foroohar

Getting Off The Beaten Track

A decade or so ago, Africans got the notion that tourism might be an answer to their continent's desperate poverty. What model did they have in mind? Mediterranean resorts, mostly.

Europe's Crackdown

Europeans love to tell Americans, "We told you so." But Bush's crackdown on corporate fraud produced more self-examination than self-satisfaction on the continent.

Boycotts: Cracking Down On Israel?

All sorts of rumors are being peddled these days about anti-Israel boycotts in Europe. Here's a tip: don't buy everything you hear. European activists are certainly upset about the military crackdown in the West Bank, but they're not having much economic impact.

Buy Low, Rent High

With global stocks still riding the roller coaster, investors everywhere have been looking for havens. Internet start-ups are out; gold and bonds are back in vogue.

What Not To Do

Energy has surely been the beleaguered sector in the United States lately. First, California's newly deregulated power system crashed, leaving bankruptcies and blackouts in its wake.

The Gene Bubble

You've heard of the Internet bubble and the telecoms bubble. But what about the gene bubble? It swelled in the late 1990s, fueled by excitement over the decoding of the human genome, announced with great fanfare in June 2000.

Race In The Boardroom

Last month a team of NEWSWEEK reporters set out in search of ethnic minorities in the boardrooms of Europe, knowing full well we were treading on delicate and uncharted ground.

The Gene Bubble

You've heard of the Internet bubble, and maybe even the telecoms bubble. But have you heard of the gene bubble? It grew in the late 1990s, fueled by excitement over the decoding of the human genome, announced with great fanfare in June 2000.

The Poor Speak Up

They drew blanket press coverage and a watchful audience of New York police, but mainly on the strength of past protest performances. From Seattle to Davos, the riotous anti-globalization road show had pressed its case that rising trade and capital flows are bringing nothing but oppression and instability to the developing world.

Yellow Flag

At first glance, the Enron debacle seems like an "only in America" kind of story. An old-style energy company transforms itself into a high-flying trading house, creating a new business model that is copied the world over.

Calling All Cybercops

Criminals can be predictable. A pickpocket might buy a tank of gas, fancy jewelry and the latest computer in one frenzied hour with a stolen credit card. That's why a legitimate cardholder on a rapid-fire shopping spree may find the credit-card company asking for verification.

Storming The Fortress Of Hidden Terrorist Funds

Even before President George W. Bush unveiled his "most wanted" list of suspected terrorist financiers, bankers around the world were rushing to make sure they weren't holding the wrong moneybags.


It was only a matter of time before Europe's dot-com poster children rose from the ashes of their worthless stock options and made another grab at fame and fortune.

Storming The Fortress

Even before President George W. Bush unveiled his "most wanted" list of suspected terrorist financiers last week, bankers around the world were rushing to make sure they weren't holding the wrong money bags.


You could measure the change by the catch in David Letterman's voice, the pain in his eyes. By the time the master of late-night detachment returned to the air, the entire culture had shifted under his, and our, feet.

The Faulty Connection

What a difference a little time makes. Twelve months ago, as the dot-com crash dispelled Silicon Valley smugness and sent investors into full flight from the Nasdaq, Europeans were still optimistic about technology.

The Internet: 'Don't Mail Me, I'll Mail You'

Remember the non-hierarchical workplace? Internet companies made the idea fashionable a few years back: no titles, no offices and even a lowly assistant can challenge the decisions of the chief executive officer.

The Dot-Com Witch Hunt

When bad things happen to nice people in the United States, they hire the nastiest lawyer they can find. So it's no surprise that when the dust from the dot-com crash settled, Americans began searching for defendants to sue.

The New Green Game

Giant multinational corporations aren't often seen as saviors of the rain forest. But this past May an American environmental nonprofit called The Nature Conservancy persuaded General Motors to part with $10 million for rebuilding a Brazilian rain forest devastated by water-buffalo ranching.

There's Gold In That Dirty Mess

Now you've seen everything: a giant multinational getting credit for saving the rain forest. Prodded by an NGO called The Nature Conservancy, General Motors recently parted with $10 million to help rebuild a Brazilian forest that had been devastated by water-buffalo ranching.

A Friend Indeed

They don't call him l'Americano for nothing. Italian Prime Minster Silvio Berlusconi proved last week that he'll say and do (almost) anything to be America's new best friend in Europe.


Online security is about to shift into higher gear in Europe: as of July 19, electronic signatures will hold the same legal status as handwritten ones. Eventually, European Union citizens will be able to authenticate electronic versions of mortgages, tax returns or health records by attaching their own personal code.

Flight Of The Dot-Coms

Talk about trampling the dead. The recent collapse of dotcomfailures.com seemed to spell the end, even for the dot-com funeral industry. In fact, Web sites that track, mourn and otherwise wail over the corpses of the dot-com era are thriving.

The Dark Island

Ralph Waldo Emerson wrote about England that one of the most significant drawbacks of this otherwise lush and prosperous nation was the "darkness of its sky." As he put it, "Night and day are too nearly of a color." A century later, Britons are now battling an even drearier climate.

Eat, Drink, And Go Slow

Between red terracotta roofs just outside the northern Italian town of Bra, there rises a church tower with a clock that is a half hour slow. In Bra, that's close enough to be right on time.


Times are tough for many European companies, but when it comes to IT spending they apparently aren't willing to cut as many corners as their American counterparts.


With British elections coming next week, Web surfers have plenty of opportunity to sample the spectacle. They can get hard news from www.voxpolitics.com, or stage Space Invaders-style battles between the forces of Labour's Tony Blair and Conservative candidate William Hague www.friendlygiants.com.

The E-Learning Boom

These days any business with an "E" in front of its name seems passe, but in Europe there's still at least one that has the spark of life. This is "e-learning," the use of technology to teach skills outside the classroom.

Hello, 'Good Bye!'

Anne Robinson is a BBC cash cow dressed in black leather. Every week millions of Brits tune in to see her ritually humiliate guests on her hit game show, "Weakest Link." Part dominatrix and part nanny, the Robinson persona has spawned Web sites and dance records.

There Is Gold In Graying Europe

The code name was Operation Umbrella. The agents were bankers, lawyers and executives from two of Europe's largest financial institutions, nicknamed "Alpha" and "Delta" by insiders.