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...debt load. Swissair ended its 10% stake in Austrian Airlines and sold its hotel division Swiss?tel to the Raffles group for $247 million. Corti said he expects to raise a further $1 billion by selling aircraft and leasing them back. But he also noted that the debt had fallen just slightly, so it was still around $4.4 billion at the end of June (its equity in December was only about $720 million...

Author: /time Magazine | Title: Turbulent Times for Swissair | 8/20/2001 | See Source »

...Servais exemplifies this intangible value we call individuality. Stradivari's cello found its way into the possession of the Russian court. There Servais, a young Belgian musician, contrived to play it before Czar Nicholas I. The Princess Yusupova, the story goes, had fallen for Servais in a big way and lent him the Stradivarius. The Czar praised the performance, and the Belgian modestly replied that it was surely due to the loan of the great cello. Whereupon the enamored princess exclaimed: "Oh, it wasn't a loan, it was a gift!" The Czar's court was said to be distinctly...

Author: /time Magazine | Title: In Praise Of Quality | 8/20/2001 | See Source »

...parliament building and created an autocratic regime. For Solzhenitsyn, as for hundreds of millions of his countrymen, the post-Soviet years have been a mostly unmitigated disaster. Forty percent of Russians live in poverty today, ten times more than in 1991; the daily average calorie consumption has fallen by almost half since the mid-1980s, to a level below the World Health Organization's recommended daily minimum; life expectancy has plummeted; the population is shrinking...

Author: /time Magazine | Title: Prospects and Perils of a Post-Soviet World | 8/16/2001 | See Source »

...complex on Camp Foster with arcade games and pool tables around a pulsing dance floor; on Saturday nights it's Slum, a three-story hip-hop club on the divey back streets of Naha City. (In the wake of the June 29 incident, the club 3F has fallen off the circuit.) On any of these nights at any of these venues, men invariably outnumber women by ten to one. A girl can't go five minutes without getting hit on?and there are a lot of girls checking their watches...

Author: /time Magazine | Title: Okinawa Nights | 8/13/2001 | See Source »

...could have imagined in the heady late '90s that the Web would become a mausoleum preserving the celebrity afterlife of fallen stars? Back then it seemed the Internet would be the exclusive domain of radical, paradigm-busting new concepts, like ordering pet food in bulk. Now some of the oldest, most forgotten names in Hollywood have found in the Net a follow spot that, in theory, never dims. They've set up websites acclaiming their careers, personal lives and, in truly alarming numbers, shilling products imbued with their glamour. There's no easier way, fans, to purchase a genuine Buddy...

Author: /time Magazine | Title: Starting Time | 8/13/2001 | See Source »

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