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...entire strategy and hive off even the most prized possessions to cut debt. "I think they only have one material asset to sell outside the domestic business, and that's Orange," says Nomura analyst Mark James. The very idea of selling or completely de-merging the telecom crown jewel whose acquisition pushed FT's share price to all-time highs once looked like heresy. And the prospect isn't happier now that the relatively healthy Orange would have to be sold in a very sick market. But as Michel Bon could tell the next CEO, in Europe's current telecom...

Author: /time Magazine | Title: France Telecom Says Bon Voyage | 9/15/2002 | See Source »

Whatever Mahony may have thought about Gehry's exuberant aesthetic, he found a kindred spirit in Moneo, a 1996 winner of the Pritzker Prize, the crown jewel of architectural awards. But even before its official opening, on Labor Day weekend, there have been grumblings that the cathedral's asymmetrical and angular silhouette departs too sharply from conventional notions of church design, especially that of Catholic churches. There have also been complaints that its $163 million cost is too high, especially at a time when the archdiocese may have to spend heavily to settle court claims of sexual abuse by priests...

Author: /time Magazine | Title: Design: To the Lighthouse | 9/2/2002 | See Source »

Tang Guo, one of Nanjing's most successful contemporary painters, has a studio that could have been clipped from an architectural magazine: a polished black brick floor reflects light from an elegant hanging lamp wrapped in handmade paper. The walls are a washed-out olive green, and Tang's jewel-toned works lean against furniture and walls with a deceptive casualness?precisely where they will be noticed most. In contrast, Guo Haiping's studio in the city center is haphazardly filled with his signature finger-painted monochromes and random objects?a toilet hangs on the entrance room wall, covered from...

Author: /time Magazine | Title: In Nanjing, It's Art for Art's Sake | 8/26/2002 | See Source »

Want to put a face on the case for investing now? Try Warren Buffett's. In the past few weeks the fabled Omaha, Neb., investor has provided hundreds of millions in financing to telecom firm Level 3 Communications and energy firm Williams Companies. He bought a jewel of a natural-gas pipeline from Dynegy at the fire-sale price of $928 million. More illuminating: Buffett advertised himself as a buyer, telling the Wall Street Journal that "if I got a call this afternoon and somebody offered me A, B or C--securities, assets or a business--and it looked like...

Author: /time Magazine | Title: Sunken Treasure? | 8/12/2002 | See Source »

...Could be he's just too damn stubborn to die. He may see the Oldies Show of rock 'n roll pioneers as a last-man-standing competition, in which he is determined to outlive Chuck Berry, Little Richard, Fats Domino and other pretenders to the throne - the jewel-encrusted piano stool - he always believed was his. You know what he said back in 1977 when he heard Elvis had died? "Another one outta...

Author: /time Magazine | Title: That Old Feeling: Golden Sun | 8/10/2002 | See Source »

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