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...sullied their high standards in much the same way that steroid-popping athletes do. Purity was sacrificed to pragmatism. The Salt Lake City Olympic committee pulled a sort of financial Tanya Harding, hoping to rig the results in the arena by pulling shameful shenanigans in the alley. The Olympic flame may symbolize great things, but lately it's had a tendency to burn people...

Author: /time Magazine | Title: Mormons and the Olympic Ideal | 2/1/2002 | See Source »

Normally when public companies flame out in scandal, top executives can be seen running from headquarters mumbling that they are shocked to learn that there was gambling going on in the casino. But there's not much of that here. Enron and Andersen officials hardly deny the dubious deals, the 881 offshore tax havens or the stupid accounting tricks. That's partly because nobody can be sure that those dodges were inherently illegal. Many companies maintain similar arrangements, usually intended to avoid taxes--a benefit of interest to Enron too. Enron avoided paying federal income tax for four...

Author: /time Magazine | Title: What Did They Know And...When Did They Know It? | 1/28/2002 | See Source »

...Normally when public companies flame out in scandal, top executives can be seen running from headquarters mumbling that they are shocked to learn that there was gambling going on in the casino. But there's not much of that here. Enron and Andersen officials hardly deny the dubious deals, the 881 offshore tax havens or the stupid accounting tricks. That's partly because nobody can be sure that those dodges were inherently illegal. Many companies maintain similar arrangements, usually intended to avoid taxes--a benefit of interest to Enron...

Author: /time Magazine | Title: By the Sign of the Crooked E | 1/19/2002 | See Source »

...sheep. Roslin scientist Ian Wilmut called for systematic reviews of the health of cloned animals. Profile: But She's So Young AUSTRALIA Black Christmas for Sydneysiders For more than 14 days smoke drifted over Sydney's famous Opera House while hot winds fanned an encircling band of flame ever closer to the city. As 20,000 firefighters tackled more than 100 bush fires, police arrested 23 people, 15 of them between the ages of nine and 16, suspected of deliberately starting at least half the blazes. Though residents used swimming pool water to fight the flames, more than 170 homes...

Author: /time Magazine | Title: World Watch | 1/14/2002 | See Source »

There's a lovely moment when charming ex-con Danny Ocean (George Clooney) quizzes his ex (Julia Roberts) about her new beau. "Does he make you laugh like I did?" he asks, and she douses the flame by replying, "He doesn't make me cry like you did." Other than that, this remake of the 1960 Rat Pack caper doesn't offer much. The stars, including Matt Damon and Brad Pitt, hit their marks and smile a lot. The ending hints at a sequel (Ocean's 12? Ocean's 22?), but you've seen this one. Rent a video...

Author: /time Magazine | Title: Cinema: Ocean's Eleven | 12/10/2001 | See Source »

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