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...three homegrown portals, as well as that of Hong Kong's Chinadotcom, to below the cash value of their assets. Unable to stand the downward spiral any longer, Helen He, chief financial officer at Netease for 18 months, recently quit. "It tarnishes your spirit," says the former investment banker. Joseph Chen, one of Sohu's top guns, has left China altogether to find a new future in Plano, Texas. "Plano is one of the most exciting places in the U.S.," he says, without irony, via phone from the Plano Holiday...

Author: /time Magazine | Title: Net Worthless? | 4/2/2001 | See Source »

...corporate vice president at J.P. Morgan in London, but his dream is to become a "remote interior designer" and open a seaside restaurant. "If I can travel and pay the bills, I'm happy. I don't need to pile up millions." Easy, perhaps, for an investment banker to say. But unlike their American counterparts, few young adults in Europe spend waking hours monitoring the size of their stock portfolios. Instead, they are more concerned with maintaining balance, cultivating personal ties, appreciating leisure...

Author: /time Magazine | Title: Generation Europe | 4/2/2001 | See Source »

...Easy Living," with Jean Arthur, Ray Milland and Edward Arnold. Magnificent Depression fantasy that begins with a rich banker sailing his wife's sable coat off the penthouse roof. It lands on Jean Arthur as she rides to work on the upper deck of a New York bus. If the movie were made in modern times, it would be.... "Pretty Woman," wherein, with our fatal literal-mindedness, we turned the poor girl in the Cinderella story into a prostitute. She was Julia Roberts, it is true, but a prostitute all the same...

Author: /time Magazine | Title: And the Best Picture for 1950 Is.... | 3/26/2001 | See Source »

...Because Greenspan's Fed stared a drowning stock market straight in the eye and tossed it a rate cut he knew wouldn't be quite buoyant enough to keep it afloat. (The market obliged by sucking water for two straight days.) And because the central banker with America's highest Q rating thus entered into a game of economic-policy chicken with the decade's other breakout star: Wall Street. And, finally, because he has set in motion a series of moves that will shape the economic destiny...

Author: /time Magazine | Title: Alan Greenspan | 3/23/2001 | See Source »

...rich would have the special penalty of paying more money than the poor. Is this the "first" penalty for being rich? Steorts implies that a just tax system, without special penalties, would have each person pay the same amount. If a single mother earns $20,000, and a rich banker earns $200,000, then each of them paying $10,000 is not just cause for the mother to complain: them's the breaks...

Author: NO WRITER ATTRIBUTED | Title: Letters | 3/15/2001 | See Source »

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