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While SecondWind is among the first to form a company and create a brand around the business of salvaging portfolios, venture capital firms in Europe are increasingly relying on outside business people to help manage their portfolios. That's a change from the Internet heyday, when many venture capital firms hired young people with consulting or banking backgrounds who knew little about technology and had neither operating experience nor profit responsibility. "Now they are realizing that they need people with industry backgrounds to sort out their problems," says Düsseldorf-based Georg Kulenkampff, 51, a former board member...

Author: /time Magazine | Title: The Salvage Crew | 9/9/2002 | See Source »

...common for network shows to cut rerun deals on cable (the Law & Order family, 24). But Monk's reverse trip shows how business has changed for ABC and TV as a whole. Monk was in development at ABC back in the heyday of Who Wants to Be a Millionaire, which now seems as quaint a turn-of-the-century phenomenon as gains on one's 401(k). Since then, the network has tumbled from first place to fourth in the ratings, and it has started looking outside for help. Earlier this month, it made a production deal with HBO (owned...

Author: /time Magazine | Title: Double Duty for Monk | 8/26/2002 | See Source »

That it took four years to identify Nannarrup hoffmani is a testament to how far out of favor the science of taxonomy has fallen since its heyday in the 19th century. The urge to classify the world's flora and fauna, which filled the great natural-history museums like New York City's American Museum of Natural History and Washington's Smithsonian Institution, has been eclipsed according to Hoffman by a preoccupation with molecular biology. "It's a sad situation," he says. "We're coasting on the glamour of biodiversity but losing the ability to identify the creatures on this...

Author: /time Magazine | Title: City Centipede: An Urban Legend with Real Legs | 8/5/2002 | See Source »

SWINGING SCENE Its array of ancient temples and centuries-old, wooden storefronts would be enough to distinguish Phetchaburi, 100 miles south of Bangkok, from other road stops on the way to Hua Hin. Yet it was the royal architecture at Khao Wang, or Palace Hill, that in its heyday drew the rich and famous to this faded gem of a trading port, whose name means "Diamond City...

Author: /time Magazine | Title: Hot Spot | 7/29/2002 | See Source »

...temples that rank among Thailand's most diverse. Murals at Wat Ko Kaeo Sutharam show a Westerner (an early Jesuit missionary most likely) attending an ancient Buddhist ceremony. That may be the only Western face you see in Phetchaburi these days. Which is strange, considering that in its heyday, the hilltop palace complex was the hip place to swing in old Siam. Now, only the monkeys...

Author: /time Magazine | Title: Hot Spot | 7/29/2002 | See Source »

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