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Dates: during 1990-1999
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...many employees in their 40s and early 50s could face the prospect of a 30% to 50% reduction in their final benefits. To ease the transition, some companies, including Citigroup, Aetna and Cigna, are protecting long-serving employees by keeping them on the traditional plan, and others are making higher contributions to older workers' accounts. Kodak is allowing all 35,000 covered employees to choose between the two plans...

Author: /time Magazine | Title: The Big Pension Swap | 4/19/1999 | See Source »

...Wachowskis, whose first directorial effort was the seductive femme-noir drama Bound, have deeper fish to fry. "We're interested in mythology, theology and, to a certain extent, higher-level mathematics," says Larry. "All are ways human beings try to answer bigger questions, as well as The Big Question. If you're going to do epic stories, you should concern yourself with those issues. People might not understand all the allusions in the movie, but they understand the important ideas. We wanted to make people think, engage their minds...

Author: /time Magazine | Title: Cinema: Popular Metaphysics | 4/19/1999 | See Source »

...Internet companies. It's an indication that the pros are grudgingly conceding that Internet companies may be worth more than they first thought. Online firms like Eoffering and Hambrecht & Co., which marked up its first IPO last week, are proving it by going straight to retail and garnering higher prices for their wares. That and the fact that some Internet companies have begun to make real money have prompted firms like Morgan Stanley and Goldman Sachs to begin raising initial prices on their deals as well. In the first quarter, 24 of 25 Internet IPOs were priced above the initial...

Author: /time Magazine | Title: My Netmares | 4/19/1999 | See Source »

...spokesman for the Revolutionary Armed Forces of Colombia (FARC) claimed at the time that the three U.S. humanitarian workers--Terence Freitas, 24, from California; Lahe'ena'e Gay, 39, from Hawaii; and Ingrid Washinawatok, 41, from Wisconsin--were abducted and killed by a local squad leader acting without higher orders. Their bullet-riddled bodies were discovered March 4. But Colombian military intelligence intercepted a radio conversation between the squad leader and his senior officer, German Briceno, in which Briceno ordered the squad leader to "kill these sons of bitches." Although an arrest order has been issued for Briceno, the rebels...

Author: /time Magazine | Title: No Rush to Justice | 4/19/1999 | See Source »

...despite the risk of E. coli infection. Half say they eat undercooked eggs with runny yolks--which may be linked to salmonella infection. And 25% of men and 14% of women do not routinely wash their hands after handling raw meat and poultry. Who's most guilty? Americans with higher incomes turn out to be among the worst offenders...

Author: /time Magazine | Title: Your Health: Apr. 19, 1999 | 4/19/1999 | See Source »

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