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...figure included $11.8 billion of stock that it plans to issue and the assumption of $9.6 million of TCI debt.) That would make the deal second in size only to the $25 billion purchase of RJR Nabisco by buyout barons Kohlberg Kravis Roberts in 1988. The new giant would boast 28 million cable and phone customers across the U.S. and combined revenues of more than $16 billion, making it by far the largest of the seven Baby Bell companies that were spun off from AT&T in 1984. Most important, the merger would hasten the arrival of what has been...

Author: /time Magazine | Title: WIRED! | 7/21/2008 | See Source »

...different from U.S. universities," says Alison Richard, vice-chancellor of Cambridge. "But our endowment isn't sufficient, so it's a real stretch." Private donations invested by Yale University are currently worth some $23 billion; the endowment fund of rival Harvard is $35 billion. Dozens of other American universities boast funds valued at more than $1 billion. Even Britain's wealthiest universities are poor by comparison. The central endowment fund at Oxford is about $1.3 billion, and Cambridge's stands at roughly $2 billion. (The universities' individual colleges - Oxford has 39, Cambridge 31 - separately hold endowments worth a total...

Author: /time Magazine | Title: Britain's Universities: Funding Excellence | 7/2/2008 | See Source »

...course of doing it, they have their kids tested to find some little quirk, some little vulnerability? And that's a measure of parental anxiety. And the parental anxiety is willing to put a negative label on kids. That's really something very new. You don't boast your strengths. You boast your weaknesses...

Author: /time Magazine | Title: Are You Turning Your Child Into a Wimp? | 6/23/2008 | See Source »

...reticent in talking about his own faith ... characteristic of British politicians, not American ones": American politicians who loudly tout their faith are usually touting membership in one of the Christian sects, and rarely Judaism (and even more rarely Islam). The political climate in the U.S. makes it useful to boast about one's belief in Jesus and the Christian God, and political suicide to mention any faith that is focused in a different direction. Sadly, what really should be the valuable part of any faith - namely, the way one's integrity guides one to live it - is not something that...

Author: /time Magazine | Title: Inbox | 6/19/2008 | See Source »

...reticent in talking about his own faith ... characteristic of British politicians, not American ones": American politicians who loudly tout their faith are usually touting membership in one of the Christian sects, and rarely Judaism (and even more rarely Islam). The political climate in the U.S. makes it useful to boast about one's belief in Jesus and the Christian God, and political suicide to mention any faith that is focused in a different direction. Can you imagine a candidate for President glowingly referring to an uplifting feeling at a full-moon ritual or celebration of Tu B'shvat? Sadly, what...

Author: /time Magazine | Title: A Good-Faith Effort? | 6/18/2008 | See Source »

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