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...supposed to take 43 seconds, and we all concluded it had been a dud, because it took longer. Then it exploded." The pilot of the Enola Gay, Colonel Paul Tibbets, had put the plane into a 180? turn to the west and was getting away from the target as fast as he could. "All we saw," recalls Van Kirk, "was a bright flash...

Author: /time Magazine | Title: Living Under the Cloud | 7/24/2005 | See Source »

...National Bank and my mom?s at the Jeanne D?Arc Credit Union-unknown to me, but wanting to be remembered to Mom-showed up. High school friends. Strangers. A guy who worked security for the Patriots who never took his sunglasses off and wanted his book personalized to ?Fast Frank...

Author: /time Magazine | Title: The Champs at Midseason | 7/22/2005 | See Source »

...Make it ?Fast Frank.? ? Whatever you say, Fast Frank...

Author: /time Magazine | Title: The Champs at Midseason | 7/22/2005 | See Source »

...electronics giant Siemens, automakers DaimlerChrysler and Fiat and the French media company Vivendi Universal have shed operations they deem no longer core to their fundamental business. Also, investors have been buying medium-size companies whose family owners are looking to sell. Once the Americans take over, they move fast, prodding the firms to make their operations leaner and frequently reshuffling management. The worse off an operation is, the more money the investors stand to make from selling after turning it around. "We like the complexity of Europe," says Jim Coulter, a San Francisco--based founding partner of Texas Pacific...

Author: /time Magazine | Title: Buyout Mania | 7/18/2005 | See Source »

...took public again in the U.S., that it has drawn the ire of a New York City--based hedge fund, Paulson & Co., which alleges that the initial deal wasn't fairly valued. And some private-equity firms are starting to fret that the European buyout scene has grown so fast that it's in danger of overheating. "It's like a perfect storm," says Carlyle's Millet, who is worried about the increased amounts of debt and dwindling returns. "All the ingredients are there for a big blowup...

Author: /time Magazine | Title: Buyout Mania | 7/18/2005 | See Source »

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