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...thing, the company's size will make it difficult for Icahn, whom Forbes estimates is worth $8.5 billion, to get enough of a stake to force his will on management. And many investors note that Parsons is already looking at a stock buyback (although a more modest $5 billion) and plans to split off 16% of the cable division. What's more, Parsons has the Time Warner board in his corner. He has presented spin-off scenarios and, according to a Time Warner insider, "the board has concluded there's no magic bullet...

Author: /time Magazine | Title: Turning Up the Heat | 10/3/2005 | See Source »

...back, many helping (both physically and financially) to rebuild homes and the hotels and restaurants they knew so well. The Brits even returned for their summer championships. Naturally, the die-hard surfers among you will need no encouraging to visit (or revisit) Arugam Bay, but beginners should take note: this will be one time you'll find the notoriously clannish world of surfing ready to welcome strangers with open arms...

Author: /time Magazine | Title: Waves of Relief | 10/3/2005 | See Source »

...back, many helping (both physically and financially) to rebuild homes and the hotels and restaurants they knew so well. The Brits even returned for their summer championships. Naturally, the die-hard surfers among you will need no encouraging to visit (or revisit) Arugam Bay, but beginners should take note: this will be one time you'll find the notoriously clannish world of surfing ready to welcome strangers with open arms...

Author: /time Magazine | Title: Waves Of Relief | 10/2/2005 | See Source »

...seem to be the least valuable--the day-to-day memorabilia of an ordinary life--may be a hidden treasure. Retired banker Arden Peterson, 62, who is in the process of downsizing, let his son Mitch, an iSold It trading assistant in Lakeville, Minn., put a 1929 $10 bank note from his collection on eBay just for fun (but also because a very rare 1905 $10 bank note had sold on eBay a month earlier for $27,000). The fun turned serious when Peterson's bank note fetched $1,037. Going through a lifetime of boxes may be an onerous...

Author: /time Magazine | Title: $$$ in the Attic | 10/2/2005 | See Source »

...important to note that nearly all mental-health professionals agree that trying to reject one's homosexual impulses will usually be fruitless and depressing--and can lead to suicide, according to Dr. Jack Drescher of the American Psychiatric Association, who has studied programs that attempt to alter sexuality. Last month Tennessee officials charged that one of the longest-running evangelical ministries for gays, Love in Action of Memphis, Tenn., was operating unlicensed mental-health facilities. The state said Love in Action must close two residential homes--which include beds for teenagers--or apply for a license. (The ministry's attorney...

Author: /time Magazine | Title: The Battle Over Gay Teens | 10/2/2005 | See Source »

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