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About a mile off the twisting, two-lane road to the south of Central City, Pa., set back in the woods along a private road, past the truck scales and the raw-coal stockpile, invisible from the highway, is the Shade Creek processing plant of PBS Coals Inc. There freshly mined coal is washed, the sulfur, rock, ash and other impurities removed and the cleaned coal carried by an overhead conveyor belt across the dusty road. It goes into a building on the other side that is operated by a second company, Central City Synfuels. Another belt comes...

Author: /time Magazine | Title: The Great Energy Scam | 10/13/2003 | See Source »

TIME (ISSN 0040-781X) is published weekly, except for two issues combined at year-end by Time Inc. Principal Office: Time & Life Building, Rockefeller Center, New York, N.Y. 10020-1393. Ann S. Moore, Chairman, CEO; Richard Atkinson, Treasurer. Periodicals postage paid at New York, New York, and at additional mailing offices. (c) 2003 Time Inc. All rights reserved. Reproduction in whole or in part without written permission is prohibited. TIME and the Red Border Design are protected through trademark registration in the United States and in the foreign countries where TIME magazine circulates. A one-year subscription to TIME...

Author: /time Magazine | Title: Table of Contents: Oct. 6, 2003 | 10/6/2003 | See Source »

...Maybe so, but a number of voices around Tokyo's Otemachi financial district remain worried. Although Japan Inc. is no doubt making progress on some structural-reform initiatives and investors are enjoying a respite from gloom and doom, many doubt whether all the ingredients are in place for a genuine, lasting recovery. "The weakness in the preceding year was hard to explain," says Richard Jerram, chief economist at ING in Tokyo, "but a lot of people are trying to make this [rally] into something it isn't." Scratch beneath the surface on some of the headline-making numbers and Japan...

Author: /time Magazine | Title: Is Japan's Resurgence For Real? | 9/29/2003 | See Source »

...Indeed, despite frequent claims that structural reform is finally taking hold, Japan Inc. overall is not getting measurably more efficient. Although many companies have successfully cleared out excess debt, labor and capacity by cutting costs and streamlining operations, Katz argues that such improvements have so far been confined mainly to large companies. That's good news for lots of punters, but it is less significant for the economy as a whole. Katz notes that according to the Finance Ministry, Japan's 5,600 largest companies employ only 11% of the workforce and account for just 17% of GDP. And although...

Author: /time Magazine | Title: Is Japan's Resurgence For Real? | 9/29/2003 | See Source »

Howard K. Clery and Constance B. Clery are co-founders of Security On Campus, Inc...

Author: By Howard K. Clery and Constance B. Clery, S | Title: Opening Police Records Saves Lives | 9/29/2003 | See Source »

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