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...buried under asbestos-contamination lawsuits. Halliburton remains burdened with the liability of more than 200,000 suits and as of last year was on the hook for $125 million in settlements. Its stock has fallen from nearly $60 to about $13.50, imperiling the retirement savings of blue-collar workers. (Cheney cashed in his Halliburton stock options before taking office, clearing more than $20 million before the shares tanked...

Author: /time Magazine | Title: The Rap on Bush and Cheney | 7/14/2002 | See Source »

...time, the songwriters play themselves; and though it may be due to our boys' limited acting skills, there seems an undertaste of distaste that Dick shows Larry. Hart is humiliated in the script, in Rodgers' withering comments and, for one scene, in the couture: he wears a plaid suit, collar buttoned up, that looks like a kid's pajamas. Hart is the bad wittle boy, Rodgers' the annoyed adult. If these self-portraits are at all accurate, they suggest a reversal of the two men's original relationship, which began when Hart was a bon-vivant 24 and Rodgers...

Author: /time Magazine | Title: That Old Feeling: Heart to Hart | 7/8/2002 | See Source »

...president, Fields shuttered a factory in Mazda's hometown of Hiroshima, slashed the white-collar payroll by 20% and tied bonuses for directors and middle managers to year-end targets. To improve Mazda's balance sheet, he wrote off a $1.3 billion pension liability. And he had all salaried workers attend a two-day off-site, at which they were told that "Mazda must change or die." Says Katsumi Yoshitake, a 10-year veteran: "We knew we were in bad shape, but it seemed abstract." At the off-site, "a lot of it was bad news, but it made...

Author: /time Magazine | Title: Ford's Young Gun | 7/1/2002 | See Source »

...Cruise seems ready to get back to work. Standing at the foot of the driveway, he waves to the guard's station, and the gates slowly swing open. He doesn't shake hands--he hugs you goodbye and laughs when you bend the sunglasses he has hooked to his collar. He has been a perfect host, a forthcoming interview, unfailingly cordial. As you are driving away, you feel that you know him; that you have seen at least some of the man behind the curtain. But as the guard closes the gate behind you, and the house recedes into...

Author: /time Magazine | Title: About Tom | 6/24/2002 | See Source »

...Dallas. It looks as if "we've just hung the priests out to dry," said the Brooklyn auxiliary bishop. Despite some complaints from victims, the U.S. Conference of Catholic Bishops document is laudably tough on priests who abuse: any molester, past or future, will be forbidden to wear a collar, celebrate a public Mass or publicly call himself a priest. But the superiors who enabled the behavior got off easy. The document's defenders point out that only the Pope may fire a bishop, which is true. But by failing to censure any by name, the conference may have lost...

Author: /time Magazine | Title: The Bishops Get Off The Hook | 6/24/2002 | See Source »

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