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...started working as a consultant and soon realized that Citibank Trinidad had begun marketing the structured finance instruments that he had developed to such state-owned entities as Trintomar, a joint venture of Petrotrin and NGC, Trinidad's oil and natural-gas authorities. It bothered Seereeram that Citibank was taking complex financial vehicles intended for private companies, in part to reduce their taxes, and selling them to a struggling public entity that at the time paid minimal taxes. He began to investigate, hoping to take a fee from any money recovered. "They were not disclosing the true nature...

Author: /time Magazine | Title: Predators in Paradise? | 10/7/2002 | See Source »

...Stonehenge monoliths. These works need to be seen to be believed. "There is no substitute for the personal experience of these paintings," says Ann Temkin of the Philadelphia Museum of Art. "Barnett Newman," curated by Temkin, offers the chance to encounter the full power of this artist. A joint project of the Philadelphia Museum of Art and London's Tate Modern, the show is Newman's first major retrospective since 1972 and runs at the Tate until Jan. 5, 2003. Newman lived the clich? of the struggling artist: born in New York in 1905, the son of Jewish-Polish immigrants...

Author: /time Magazine | Title: Primal Force | 10/6/2002 | See Source »

Martin Nowak has been wooed away from Princeton’s Institute for Advanced Study with a relatively rare joint appointment in both the Department of Mathematics and the Department of Organismic and Evolutionary Biology...

Author: By Christina M. Anderson, CONTRIBUTING WRITER | Title: University Lures Specialist In Interdisciplinary Science | 10/1/2002 | See Source »

...joint House-Senate committee investigating intelligence failures before Sept.11 released a scathing staff report last week accusing the CIA of not devoting enough resources to uncovering Osama bin Laden's plots against the U.S. One FBI agent testified that he warned headquarters just 13 days before the attacks that because he was denied permission to pursue Khalid Almihdhar, above, who later turned out to be one of the 19 hijackers, "someday, someone will die." President Bush announced he would now support a blue-ribbon commission to investigate what went wrong. The CIA denies it was aslei*Aep, but since last...

Author: /time Magazine | Title: Failures of Intelligence | 9/30/2002 | See Source »

Industry experts have grouped chains like Pret into a new category they call "fast casual" or "quick casual." These combine the convenience of a fast-food joint with the more sophisticated fare, atmosphere and price of a sit-down restaurant. The market leaders boast about the freshness of their ingredients and the diversity of their menus. Panera Bread, with headquarters in St. Louis, Mo., offers 14 kinds of bread--including Asiago Cheese and Olive Sourdough--freshly baked on its premises and sells loaves as well as sandwiches. Fazoli's, with restaurants in 32 states, serves pasta and Italian subs. Rubio...

Author: /time Magazine | Title: WHAT'S NEXT: Tastier, Plusher--and Fast | 9/30/2002 | See Source »

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