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...sponsors are also gatekeepers to Fidelity's expansion plans. Johnson is, in the words of an associate, "a sucker for a good idea," and Fidelity's hottest one is to leverage its massive technology infrastructure. Since Fidelity is already handling record keeping for pension plans, the reasoning goes, why not take on other corporate bureaucracies, notably benefits plans, payroll and human resources? In today's penny-pinching corporate environment, these areas are "non-value adding." In other words, they cost money, so why not bid the work...

Author: /time Magazine | Title: NED JOHNSON AND FIDELITY: THE MONEY MACHINE | 9/30/1996 | See Source »

Never mind the furor over the murder of rap star Tupac Shakur and the recriminations that are sure to erupt over the civil trial of a certain ex-football player. The hottest topic in black America, bar none, is whether the CIA was responsible for introducing crack cocaine to the ghetto. This idea is, of course, a hardy perennial among conspiracy theorists, who blame every plague that afflicts the black community on racist government plots. But this time it is not so easy to write off the talk as paranoid mumbo jumbo for two reasons: it springs, for once, from...

Author: /time Magazine | Title: DIVIDING LINE: CRACK, CONTRAS AND CYBERSPACE | 9/30/1996 | See Source »

Walter Miller is the Anonymous of the Internet, Walter Miller's Home Page its Primary Colors. Lots of people want to know who could be writing such a bizarre, raunchy and, um, drop-dead-funny Website. His home page is among the hottest places on the Net--a top attraction on Prodigy, despite the page's lack of advertising, graphics, sound, color or flashing pyrotechnics. Or maybe as a result: Walter Miller's Home Page is just writing, hilarious writing, in the long tradition of lowbrow American satire. Think of Huck Finn, Forrest Gump and Beavis and Butt-head...

Author: /time Magazine | Title: THE WEB'S ANONYMOUS | 9/2/1996 | See Source »

...Birth of a Star (Razor & Tie records), an audio collection of her TV appearances with Godfrey. A stage show, Always...Patsy Cline, played for two years in Nashville, Tennessee. The star of Always, Mandy Barnett, has just released her own album of Cline-inflected tunes. And for weeks the hottest country CD on Billboard's pop charts has been Blue, in which 13-year-old Texas phenom LeAnn Rimes does similarly in-Clined material, including the title song, which was written originally for the dead star. There's musical multiplicity in the country air: the invasion of the Patsy Clones...

Author: /time Magazine | Title: MUSIC: INCLINED TO BE JUST LIKE PATSY | 8/19/1996 | See Source »

California, home to Rancid and Sublime, is the hottest region for ska. There it neatly commingles with skateboarding culture (skateboards are to ska what flannel was to grunge). In fact, much of today's ska is chameleonic, blending with hip-hop (Sublime), pop (No Doubt) and punk (Rancid, Goldfinger). Rancid's Matt Freeman says the music is bigger than trends, and "whether [the attention] goes or stays, we'll still be around...

Author: /time Magazine | Title: MUSIC: IT'S A SKA WORLD AFTER ALL | 8/12/1996 | See Source »

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