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...funds from dozens of public and private pension systems, including California Public Employees' Retirement System, Pennsylvania State Employees' Retirement System, General Motors and Verizon. As a Refco insider (several Lee executives are on the Refco board), Lee and the underwriters who took the company public may be on the hook for shareholder losses. "We have a history of taking forceful action in response to misbehavior," says Alan Hevesi, New York State comptroller, whose retirement system invested $36 million in Refco through Lee and others. Lee declined to comment. Bennett's lawyer, Gary Naftalis, reiterated what he had already said...

Author: /time Magazine | Title: Squandered Futures | 10/16/2005 | See Source »

...while awe-inspiring in concert, sounds paradoxically forced on the record. Still, the band retains its flair for the redeeming musical moment. “Lay Low” is not conceptually jaw-dropping, but the spiraling, Built to Spill-esque guitar solo and the descending rhythm hook are sure to please old-school MMJ fans. “Knot Comes Loose” is an unquestionably pastoral tune but, when an overdubbed James effortlessly harmonizes “Ba-by, can’t you see that I’m smilin’,” it?...

Author: NO WRITER ATTRIBUTED | Title: My Morning Jacket | 10/13/2005 | See Source »

Tony the Tiger and other advertising characters worked the floor while free product samples were distributed from exhibits. Kids played on huge inflatable slides or tried to hook a fish from a small pool while adults ogled 250-h.p. Yamaha engines and Ranger boats. A massive tank displayed fish from the region, including the guests of honor. Pro fishermen, swathed in a patchwork of their sponsors, signed autographs, gave demonstrations and chatted with fans. "The fishing pros are so nice. The other pros just sign and go," said Kim Davis, who had three kids in tow, one of whom longs...

Author: /time Magazine | Title: Riding the Bass Boom | 10/3/2005 | See Source »

...giant squid, and the Japanese found the squid by following the whales off the Ogasawara islands, about 1,000 km south of Tokyo. Starting in 2002, the team searched for squid in the area for around two weeks every year, lowering into the waters a digital camera and weighted hooks baited with common squid and mashed shrimp. Depth mattered: the giant squid were believed to live about 1,000 m down. "At that point, our squid-watching turned unmistakably into squid-hunting," says Kubodera. No squid took the bait until Sept. 30, 2004, when an 8-m giant with...

Author: /time Magazine | Title: Catch of the Century | 10/3/2005 | See Source »

...They have the glint of chrome but turn out to be plastic. Then there's the question, which may arise on a weekend jaunt, of how to transport a couple grocery bags with the top down. Stowing the soft top is a snap: just press a button, unlatch a hook and it folds into the trunk with minimal effort. But don't plan on carrying more than a few Twizzlers since only a sliver of cargo space remains...

Author: /time Magazine | Title: Review: The Pontiac Solstice | 9/29/2005 | See Source »

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