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...approach to deregulation, such as Michigan and New Jersey, Pennsylvania's incumbent utilities were not required to sell the bulk of their power plants and become middlemen, vulnerable to the price spikes in the wholesale market. Even if they chose to purchase from other generators, they were allowed to lock in reasonable prices with long-term contracts instead of relying on the daily spot market. "As usual, California fired before they aimed," says Tom Hill, chief financial officer of Pennsylvania utility PECO Energy...

Author: /time Magazine | Title: Which State Is Next? | 1/29/2001 | See Source »

...parting gifts included four Orthodox Jews from New York State who had bilked the government out of $40 million in education aid, housing subsidies and small-business loans. During Hillary Rodham Clinton's Senate campaign, the First Lady visited the Skver sect in New Square, N.Y., trying, successfully, to lock in a group that usually swings Republican. After the Skver turned out in force for Hillary, she invited the group's spiritual leader to the White House, where he asked the President to lighten the men's sentences. The subsequent commutations only heightened suspicions - vehemently denied by Clinton...

Author: /time Magazine | Title: Bill's Parting Gift May Be Hillary's Heap of Trouble | 1/28/2001 | See Source »

Ritchie probably doesn't appreciate the irony, but all this personal chaos neatly reflects his work. Before he met Madonna, Ritchie was the filmmaker who picked up London by the scruff of the neck with his wild-eyed debut, the brilliantly messy Lock, Stock and Two Smoking Barrels, a 1999 crime-caper comedy distinguished by rowdy camera work, shifting narrative and hysterical cartoon violence...

Author: /time Magazine | Title: Cinema: Madonna's Guy | 1/22/2001 | See Source »

...Ritchie's at it again. His new movie is Snatch, which is why we're seeing the borderline-obscene bus-stop ads. (Snatch is, of course, an innocuous verb, but--sorry, Grandma--it also moonlights as slang for female genitalia.) As in Lock, Stock, writer-director Ritchie returns to the mean streets of London where high-octane lowlifes compete in fixed fights and diamond heists. This time Ritchie brings along Brad Pitt as a quick-talking, bareknuckle-boxing Gypsy. Pitt was such a fan of Ritchie's work that he took a pay cut to join Benicio Del Toro...

Author: /time Magazine | Title: Cinema: Madonna's Guy | 1/22/2001 | See Source »

...Like Lock, Stock, it also stars Vinnie Jones and Jason Statham and has lots of gunplay. It's not exactly an endorsement of the filmmaker's versatility--the jury's still out on whether Ritchie's talent can ever measure up to his matrimonial fame--but Snatch's whiz-bang style does indicate that its director is more than a "toyboy...

Author: /time Magazine | Title: Cinema: Madonna's Guy | 1/22/2001 | See Source »

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