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...that Marine Corps (1957-59) mind, and he unloaded over the phone at the poor gentleman on the other end: "My board is meeting, and we've gone too far. I've got to launch my missiles!" (The not-so-gentlemanly reply, reported later in the press: "Go the hell back to North Carolina.") McColl never fit with the other good ole boys sitting around Charlotte in the 1960s, talking about how they were going to get rich, what they were going to do with all their money. McColl--who worked for a bank!--didn't talk about money...

Author: /time Magazine | Title: The Big Bank Theory | 4/27/1998 | See Source »

...world of Cayman Island trust funds and retirement accounts built on leverage? No one yet knows. But some suspect. Sholom Rosen, vice president of emerging technologies at Citibank, has what may be the perfect mantra: "It's definitely new, it's revolutionary--and we should be scared as hell...

Author: /time Magazine | Title: The Big Bank Theory | 4/27/1998 | See Source »

...fact, the China Syndrome aspect of all this interconnected finance is among its most worrisome features. What if the whole nterconnected computer network crashes? (Hell, what if just your part does?) What if a hacker breaks in at the wrong place? What if the bank "blows up," as Barings PLC did in 1995 after 28-year-old Nicholas Leeson bet the house and lost? Industry insiders--the folks who have designed the systems--argue that the infrastructure they have built is secure enough to survive any tampering and that the markets themselves will factor in the risks of rogue...

Author: /time Magazine | Title: The Big Bank Theory | 4/27/1998 | See Source »

...still expend the psychic energy that keeps a household going (Is Dave & Buster's right for Ethan's birthday? Christmas here or at my sister's?). As for chores, let's define the term. A chore is the thing that has to be done right now or all hell breaks loose. A chore is putting in an extra load of laundry or cleaning up after the kids before you get rec-room Pompeii. It's not installing an antique doorknob, planting tomatoes or grilling salmon for company, which are fun. Hobbies--surfing the Web, working out, tinkering with the sound...

Author: /time Magazine | Title: Does He Or Doesn't He? | 4/27/1998 | See Source »

...Adam's rib never looked SO DAMN FINE." "Just ask President Clinton, hell tell you. It takes a woman. "I recently noticed these slogans on posters for the Fantastick Theatre Company's show "It Takes a Woman," which opens this weekend. The show is supposed to be about female empowerment and celebration. However, the posters consisted of other such enlightened slogans as "Gentlemen, commence drooling," and the coup de grace, "Women's line was never this convincing," implying that it is convincing because the women look...

Author: NO WRITER ATTRIBUTED | Title: Theater Posters Offensive | 4/22/1998 | See Source »

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