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...stiffed by customers is common for Russian utilities and other businesses in the brash new age of no-holds-barred capitalism. If anything, the company may be less plagued than others, since its center of operations is in Moscow, where business is booming and power consumers are presumably more flush...

Author: /time Magazine | Title: A TOUCH EXOTIC | 9/29/1997 | See Source »

...timing--as usual--was impeccable. In 1991 Argentina's battered economy turned around; an independent currency board has maintained a rock-solid one-to-one parity between the peso and the U.S. dollar, which in turn encouraged Soros to increase his investment; it totals around $250 million. Flush with cash, IRSA has been on a buying spree, investing in everything from a $50 million sports complex to major office buildings to $450 million worth of swank shopping malls. In the posh ski resort of San Carlos de Bariloche in the Andes, IRSA joined with Citicorp to buy the deluxe Hotel...

Author: /time Magazine | Title: A TOUCH EXOTIC | 9/29/1997 | See Source »

...wife jokes with him; make sure your new partner isn't a murderer, she says. When not in crisis, Flodin, the dutiful Earth Mother, still demonstrates against a proposed nuclear-waste dump site nearby. Mayor Jack Jouaron, 68, loves it when she comes to city hall with her leaflets, flush with political passion. "For an old man like me, it was something to talk to a beautiful blond Swedish girl like her," says Jouaron, who wonders how she can be so serene...

Author: /time Magazine | Title: THE SEARCH FOR THE UNICORN | 9/29/1997 | See Source »

...will take over when Punch Sulzberger, 71, retires as CEO. Though his son is heir-apparent, there is speculation that other family members may challenge young Arthur for the title or at least insist that the jobs of ceo and publisher (combined under Punch) be separated. Meanwhile, the company--flush with cash after selling off several sports and leisure magazines--is shopping for a substantial acquisition or two in the next year. If the Times Co. were to purchase a major media company, it could dramatically transform a family-run enterprise that still gets 90% of its revenues from newspapers...

Author: /time Magazine | Title: THE LAST GREAT NEWSPAPER | 9/29/1997 | See Source »

...work earned fame around the world, money poured in from individual and corporate benefactors. Mother Teresa never worried about funding the many expanding activities of her order. "The Lord sends it," she once said. "We do his work; he provides the means." The order is reportedly flush with cash, though no outsider knows the exact wealth in its coffers. In India alone, revenue officials say, the group's assets exceed $41 million, which is largely in real estate...

Author: /time Magazine | Title: SEEKER OF SOULS | 9/15/1997 | See Source »

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