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...WorldCom--once big and rich enough to swallow No. 2 long-distance carrier MCI--struggles to survive, it is laying off 17,000 workers. Its stock, which peaked at $64.50 three years ago, stopped trading last Tuesday at 83[cents], having all but wiped out employee retirement accounts. The plunge in WorldCom shares has cost investors upwards of $175 billion--nearly three times what was lost in the implosion of Enron. WorldCom is not yet financially bankrupt, but it's clear that it--like a fat slice of corporate America--has been ethically bankrupt for years. We're only...

Author: /time Magazine | Title: WorldCon | 7/8/2002 | See Source »

...tell a story about how, once Lindsey was born, I was so jealous that one day while he was on the phone in the other room, I moved down the couch - he could see me from where he stood - and tried to pee on top of Lindsey in her carrier. This story humiliated me every time he told it, to the pastor of our church, to our neighbor Mrs. Stead, who was a therapist and whose take on it he wanted to hear, and to everyone who ever said "Susie has a lot of spunk...

Author: /time Magazine | Title: Book Excerpt: 'The Lovely Bones' | 7/5/2002 | See Source »

Those began in 1989, when Bangkok Airways owned just two planes and had nowhere to land them. At the time, national carrier Thai was opening up the skies to competition?provided the competition didn't fly on Thai's routes. Prasarttong-Osoth honed in on the bucolic island of Koh Samui, a 20-hour train and ferry ride away from Bangkok. The lack of an airport wasn't a problem: the former surgeon, who comes from a family construction empire, decided to build his own. He couldn't get financing so he sold one of his family's buildings...

Author: /time Magazine | Title: Thailand's Big Little Airline | 6/24/2002 | See Source »

Sukhothai's airport is owned and operated by upstart regional carrier Bangkok Airways?which replicates in the air its classy style on the ground. Unlike no-frills European airlines Ryanair and easyJet, or the U.S.'s Southwest, Bangkok Airways offers perks such as hot meals and wine, even on hour-long puddle jumps?not to mention elaborate landing rites like those at Sukhothai. And the service is impeccable. The Swissair-trained staff, both on the ground and in the air, are efficient, helpful and always ready to share a smile. The attendants even remember passengers' names. "This is what flying...

Author: /time Magazine | Title: Thailand's Big Little Airline | 6/24/2002 | See Source »

...evidence Mokhtar can compete with the world's best and win. In 2001, PTP lured Maersk?the world's largest shipping line?away from the super-efficient Port Authority of Singapore. And to show it wasn't a one-hit wonder, PTP took away another big prize, the Taiwan carrier Evergreen, earlier this year. "It isn't just about low cost," Sidek says. "You have to be up to global standards and have low cost as well. If a ship comes in and there's no pilot or the cranes break down, I'm finished. There are no excuses...

Author: /time Magazine | Title: Malaysia's Chosen One | 6/17/2002 | See Source »

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