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...Melbourne Cup horse race day is an undeclared national holiday, and the Aussies bet on cards, numbers, events and animals like nobody's business. They did nothing to hide their gambling habit during the Games, which was fine with me. To the great pleasure of my ink-stained-wretch brethren and the chagrin if not horror of the International Olympic Committee, the Sydney organizing committee's welcoming press party was - get this! - an afternoon at Rosehill Racecourse. "Watch, bet and enjoy Australia's favourite sporting pastime," read the invite. "A selection of Australian food and drinks will be served...

Author: /time Magazine | Title: Wrap-up: Letter from Sydney | 10/2/2000 | See Source »

...more widely than ever before. Teams of designers, Web developers and business-school graduates are working up P2P programs and business plans and trotting them over to venture capitalists, who, in the wake of all the buzz about Napster, have been funding P2Ps the way they funded their alphabetical brethren B2Bs--business-to-business companies--last winter...

Author: /time Magazine | Title: Meet the Napster | 10/2/2000 | See Source »

...first world of professional entertainment, solidarity with the little people is too often a joke. The big people forget they were ever little. In 1994 the millionaire athletes of major league baseball went on strike for themselves - not to help their blue-collar brethren in the minors. So, whatever the resolution of the SAG strike, there's something sweet in the spectacle of stars of the wattage of Cage and Hunt and Spacey helping actors whose one golden goal is to display their art, and make a few bucks, holding a bottle of mouthwash. It's like the chef...

Author: /time Magazine | Title: Strike! Camera! Action! | 9/23/2000 | See Source »

Clark is critical of some of his Silicon Valley brethren who haven't been as generous, despite their multibillion-dollar net worth. He hopes his gift will spur other tech billionaires to action, particularly Yahoo founders Jerry Yang and David Filo, who don't discuss specifics of any giving they may have done--and who Clark believes have been too frugal. "These guys actually ran the Yahoo servers out of Stanford," says Clark. "They should be giving something back. These guys are young, but they've got more money than me. Or take Larry Ellison; he should be doing more...

Author: /time Magazine | Title: One Techie Likes To Give The Old Way: Jim Clark | 7/24/2000 | See Source »

Once upon a time in March, when the NASDAQ hit its record high of 5048 points, tech investors were seen all over Wall Street's bars and restaurants, hoisting microbrews and declaring they couldn't be bothered with the insipid Fed-watching that had gripped their Old Economy brethren ever since "irrational exuberance." We're betting on the future, they said, and the future is always bright for geeks. Now, two months and a staggering 37 percent later, NASDAQ is the wisp in the Fed's wind. Tuesday, week-old worries about another interest rate raise in the wake...

Author: /time Magazine | Title: How NASDAQ Became Afraid of the Big Bad Fed | 5/23/2000 | See Source »

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