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...said the figure included $11.8 billion of stock that it plans to issue and the assumption of $9.6 million of TCI debt.) That would make the deal second in size only to the $25 billion purchase of RJR Nabisco by buyout barons Kohlberg Kravis Roberts in 1988. The new giant would boast 28 million cable and phone customers across the U.S. and combined revenues of more than $16 billion, making it by far the largest of the seven Baby Bell companies that were spun off from AT&T in 1984. Most important, the merger would hasten the arrival of what...

Author: /time Magazine | Title: WIRED! | 7/21/2008 | See Source »

...stream into El Paso and adjacent New Mexico by the thousands from neighboring Ciudad Juarez. By scaring off Mexicans before they attempt to cross the river, agents have reduced their arrests from as many as 1,000 a day to an average of 135. El Paso officials envision giant savings in aliens' social costs -- now 20% of the budget -- if the border remains sealed. The crackdown has drawn overwhelming support from El Paso, which is itself 72% Hispanic. ''The rampant criminal problems in our downtown are gone,'' boasted Mayor Larry Francis. ''The majority of El Pasoans are stating that this...

Author: /time Magazine | Title: SLAMMING THE DOOR | 7/21/2008 | See Source »

Your article on plastic pollution in our oceans (ENVIRONMENT, June 2) brought back memories of fishing on the Chesapeake Bay with my father and watching him go out of his way to clear the waters of debris left by fellow fishermen. Man has used his planet as a giant dump, and even now as other creatures are choking on refuse, man chooses to fill the world with more perils. If we cannot stop ourselves from throwing a beer can overboard, how can we effectively manage nuclear weapons, atomic energy and gene splitting. My hope is that we can; my fear...

Author: /time Magazine | Title: FLOTSAM AND JETSAM | 7/21/2008 | See Source »

...Sunday, Harrington had what Norman, with his prestigious talent, giant ego and multimillion-dollar business empire, never managed: perspective. Following a good shot or bad, his smile seemed to acknowledge the reality, so elusive to all athletes, that win or lose he was still being paid a lot of money to play a game. In his joyous acceptance speech on Sunday, Harrington recounted a telling anecdote from his second round. After a double bogey that could have taken him out of the running, he was walking to the next tee box when a fan reached over the ropes, patted...

Author: /time Magazine | Title: Harrington Beats Norman at Birkdale | 7/20/2008 | See Source »

...another record, earning $18.5 million, to beat out Star Wars, Episode III: The Revenge of the Sith's 2005 record of $16.9 million. And those numbers don't include the hardy fans who stayed up for the 3 a.m. and 6 a.m. shows. Tickets to see the film on giant IMAX screens, which accounted for a record $6 million of the weekend's gross, also went fast, inspiring some ticket-holders to scalp them on eBay for as much...

Author: /time Magazine | Title: How Batman Broke the Record | 7/20/2008 | See Source »

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