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...down to fulfill the grand promises of the January 2001 merger of AOL and Time Warner, trying to force the proud and relatively autonomous old-media divisions--cable TV, movies, music, publishing, TV channels--to work more collaboratively with one another and with the online division, especially on joint advertising deals. But Pittman was a polarizing figure, as were his proteges from the AOL division. Youthful, cocky and ostentatiously wealthy from their AOL stock options, they swooped down on Time Warner as if they held the secrets to some new business reality. They quickly alienated top executives at Time Warner...

Author: /time Magazine | Title: And Then There Were Two | 7/29/2002 | See Source »

...clubs in North America, is also looking to ride the boom. The company recently opened a vast 4,500-sq-m complex on Beijing's prestigious Changan Avenue?the first of up to 100 clubs Bally plans to build in China over the next four years through a joint venture with China Sports Industries. Lack of competition is one reason Bally is wading in, says chief operating officer Paul Toback. The corpulent U.S. has 18,000 health clubs. China has fewer than 20 freestanding fitness centers catering to the middle class. "We were also very encouraged to see how many...

Author: /time Magazine | Title: The New Sweatshops | 7/29/2002 | See Source »

...Today's testimony concerns a joint military and militia raid on the home of pro-independence leader Manuel Carrascalao's in April 1999. One witness recounts seeing a friend killed, before being shot and stabbed himself; Guterres yawns. Another claims to have helped dispose of the bodies of the 11 people killed that day; Guterres smiles at a joke from one of his six lawyers. A third says he was forcibly conscripted into Guterres' militia under fear of death. The defendant taps his foot and glances around the room. Guterres was videotaped before the raid calling for the destruction...

Author: /time Magazine | Title: Coming to Grips with History, Jakarta-Style | 7/29/2002 | See Source »

...first step to recovery is to admit you have a problem, maybe there's hope yet for Europe's telecom industry. Last week the Spanish phone company Telefónica and its Finnish counterpart Sonera suspended their Group 3G joint venture, each writing off more than €4 billion on their investment in new "third-generation" mobile networks for Germany and elsewhere. Like nearly all the big European operators, they paid a lot for 3G because they expected a lot: tapping into higher bandwidth, 3G mobiles were supposed to offer everything from high-speed Internet access to streaming video, allowing...

Author: /time Magazine | Title: A Pretty Picture | 7/28/2002 | See Source »

...single, uncontested world superpower and intends only to strengthen that position. Department of Defense plans set down well before Sept. 11 aim to guarantee “preeminence in any form of conflict within 20 years,” according to this sweeping national-security doctrine, Joint Vision 2020. It calls for “full spectrum dominance,” including vast superiority not only of the military, but also of communications, transportation and information technology. Its authors hope to make the U.S. virtually impervious to international influence...

Author: By Blake Jennelle, | Title: Britain's Wayward Son | 7/26/2002 | See Source »

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