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...expense of its unique natural and cultural assets. With the computer-chip industry in a slump, Penang's residents are now wondering if their enthusiasm was misguided, and whether they can lure tourists back to their beaches and historical treasures. Malaysia's Prime Minister Mahathir Mohamad, whose penchant for progress inspired much of the high-tech push, did not help their cause when he called Penang the dirtiest place in the country?twice...

Author: /time Magazine | Title: Penang Goes Forward to the Past | 2/18/2002 | See Source »

It’s astonishing to consider the audacity required to pull off their alleged feat. The stolen $100,000 breaks down to about $2000 a week, every month, for a year. It supposedly underwrote his addiction to drugs, her predilection for Diesel, and their dangerous penchant for social climbing. And it was all for naught: the Pudding has disowned them both, Theta girls whisper about kicking Pomey out of their sorority and Gomes’ close friends and roommates claim they “did not know him well...

Author: By Jordana R. Lewis, HUMANITIES | Title: You Pay for What You Get | 2/7/2002 | See Source »

...letter laid out what many executives knew but no one had the courage to say. Watkins homed in on two sets of transactions called Condor and Raptor (Enron had a penchant for names inspired by Jurassic Park and Star Wars) and argued that the accounting treatment was unsound, if not dishonest. Enron had booked huge profits from these entities while its stock price soared in 2000, despite the fact that neither Condor nor Raptor had any hard assets. But now that Enron's price was dropping, the company had to note these devaluations or pour more money into the companies...

Author: /time Magazine | Title: What Did They Know And...When Did They Know It? | 1/28/2002 | See Source »

Once upon a time, nostalgia was for people who had whole lives to look back on. Today, young Americans do so much reminiscing, they will have little left to pine for once they're actually old. The 1994 movie Reality Bites noted Gen X's penchant for instant nostalgia with its recent college grads singing Schoolhouse Rock ditties. This premature sentimentality might explain why That '70s Show, Fox's sweetly frothy sitcom about small-town teens, is a hit among viewers who, in the Carter era, were wearing pj's with footies. (Its median audience age is 31; its characters...

Author: /time Magazine | Title: Television: From Sweet Memories To A Bonfire Of Inanities | 1/28/2002 | See Source »

...letter laid out what many executives knew but no one had the courage to say. Watkins homed in on two sets of transactions called Condor and Raptor (Enron had a penchant for names inspired by Jurassic Park and Star Wars) and argued that the accounting treatment was unsound, if not dishonest. Enron had booked huge profits from these entities while its stock price soared in 2000, despite the fact that neither Condor nor Raptor had any hard assets. But now that Enron's price was dropping, the company had to note these devaluations or pour more money into the companies...

Author: /time Magazine | Title: By the Sign of the Crooked E | 1/19/2002 | See Source »

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