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...made detailed confessions to magistrates in Parma and Milan. Using their testimonies and thousands of pages of official documents, it's now possible to piece together the key parts of the affair. Here's the inside story of how the Coca-Cola of milk managed to go sour. A CRUDE FORGERY For well over a decade, from about 1990 to 2003, investigators say, Parmalat borrowed money from global banks and justified those loans by inflating its revenues through fictitious sales to retailers. In a scheme that authorities charge was devised and executed by Tanzi, top managers, the firm's outside...

Author: /time Magazine | Title: How It All Went So Sour | 11/21/2004 | See Source »

...sitting patiently at a table by himself in a fleece vest and a canvas baseball hat. I wonder whether I will embarrass myself and decide not to bring up the relative physical merits of the film’s graphically pictured stars. This is a little crude, I realize, but have a conversation after Kinsey and you’ll know what I’m talking about...

Author: By Bryant Jones, CONTRIBUTING WRITER | Title: Wrangham regards Kinsey | 11/19/2004 | See Source »

However, where Shrek 2 earned its PG rating from its crude humor and suggestive content, The Incredibles is PG for action violence keeping the movie true to Pixar’s tradition of witty and clean entertainment. The audience is treated to explosive battle sequences shot amidst the breath-taking cinematography of the exotic island...

Author: NO WRITER ATTRIBUTED | Title: Film Reviews | 11/5/2004 | See Source »

...industry is gleaming today. Prices are running at 20-year highs, driven by strong demand from a booming China, which is expected to grab up to one-third of steel produced this year for infrastructure and other projects. Last year, estimated global crude steel consumption reached 976,000 metric tons, up 6% from the previous year and 15% from three years earlier. Last month, the $4.02 billion Anglo-Dutch steel producer Corus recorded its first half-yearly profits since its formation five years ago. "We're keeping our feet on the ground," said chief executive Philippe Varin. But "we expect...

Author: /time Magazine | Title: Steel's New Spring | 10/31/2004 | See Source »

...Barroso withdrew his team - "the outcome will not be positive for European institutions," he said drily - and promised a new proposal within a month. On Saturday, once it was clear that Berlusconi couldn't save him, Buttiglione threw in the towel, saying he was "an innocent victim ... of a crude and superficial campaign in the press." His resignation was the inevitable coda to the month's main theme: a newly assertive and triumphant European Parliament...

Author: /time Magazine | Title: A Lapdog Bares its Fangs | 10/31/2004 | See Source »

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