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...folks fleeced by Ebbers & Co., the penalties brought a measure of satisfaction. WorldCom's 2002 bankruptcy wiped out stock worth $180 billion at its peak. Employees like Bryant who had much of their retirement savings in company stock saw their investments wiped out. Bryant's stake dwindled from $39,000 to $4,000. (It's scant solace that WorldCom emerged from bankruptcy under the less tainted name of MCI, now a takeover target likely to fetch upwards of $8 billion from Qwest or Verizon.) WorldCom bond investors had a second reason to cheer when J.P. Morgan Chase agreed last week...

Author: /time Magazine | Title: After Bernie, Who's Next? | 3/21/2005 | See Source »

...Yushan, Taiwan, 3,952 m Icy winds and dicey switchbacks may not be every climber's cup of Milo, but for those who reach the summit of Taiwan's tallest peak, the views of Yushan ("Jade Mountain") National Park are worth every tentative step. October to December see conditions at their best, and beds at "base camp"?the Paiyun Hostel, located a 9-km hike from the Tatachia Recreation Area, near the Jade Mountain Scenic Highway?should be booked for this time. From here, it's a two-hour haul...

Author: /time Magazine | Title: Peak Performance | 3/21/2005 | See Source »

...Mount Kinabalu, Malaysia, 4,101 m Southeast Asia's highest mountain gets its name from Aki Nabalu ("Mountain of the Dead")?the term used by the local Kadazan people, who believe their ancestors inhabit its highest peaks. Start the trek early from Kinabalu Park HQ, and you can make your overnight stop at the guesthouse at Laban Rata (3,300 m) in time for dinner. Most climbers rise around 3 a.m. the next day to start the final assault on the summit, Low's Peak, and catch the sunrise. Guides can help you identify the unique mountain flora?like...

Author: /time Magazine | Title: Peak Performance | 3/21/2005 | See Source »

Mention mountain climbing, and most people envisage an exhausting clamber up sheer rock faces or dangling from a nylon rope in all weathers. That's absolutely true of some peaks, but Asia also offers less taxing alternatives. You don't need a Sherpa's lungs to scale some of the region's best-loved mountains, and you can get to the foot of many of them by public transport. Some even have comfortable trailhead accommodation. Preclimb points to remember: carry plenty of drinking water to ward off dehydration at higher altitudes; pack warm, waterproof gear; take it easy...

Author: /time Magazine | Title: Peak Performance | 3/20/2005 | See Source »

...much a 20th century beast: caffeinated, electrified, car and money and baseball crazy, with subways rumbling in its bowels and skyscrapers sprouting from its scalp. Kelly's hero, a good-natured Irishman named Michael Briody, is busy riveting together the skeleton of the Empire State Building, which at the peak of construction grew by a floor a day. Kelly devotes some great kinetic prose to his labors: "Briody steadied his legs and back and torso and arms and clenched his jaw against the rattle of the pneumatic gun. His muscles were fluid one second with movement, static the next...

Author: /time Magazine | Title: Books: They Built This City | 3/20/2005 | See Source »

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