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...architecture firms to submit proposals for developing the site, the P.A. leadership, angry that it had not been consulted, started throwing its weight around. Whitehead's group had to withdraw the requests. Soon after, new ones went out over the names of both bodies, but they bore the plain stamp of the barreling Port Authority. Whereas the L.M.D.C. had called for a plan to be ready by next April, the new schedule wants it by December...

Author: /time Magazine | Title: The Battle For Ground Zero | 5/27/2002 | See Source »

...self-policing, a stark change from his predecessor, Arthur Levitt, who was an outspoken ally of the small investor. In the wake of Enron, Pitt hasn't had a chance to test his style, and the hard-charging Spitzer is now making many wonder if Pitt isn't plain soft. "The SEC under Harvey Pitt has been something of a reluctant regulator," says John Coffee, professor of securities law at Columbia University. Damon Silvers, associate general counsel at the AFL-CIO, which has been carping about analyst abuses for a year, says, "The SEC was a little late to this...

Author: /time Magazine | Title: Buy! (I Need the Bonus) | 5/20/2002 | See Source »

...Responding to the subtext, that the administration could have prevented 9/11, kept Fleischer and Condoleeza Rice busy for the rest of the week. The explanation is the inherently obvious one: They surprised us, plain and simple, with a planes-as-missiles tactical leap. "There's been a long-standing awareness in the intelligence community, shared with the president, about the potential for bin Laden to have hijacking in the traditional sense," Fleischer said. Bush, he added, put out a secret alert based on the information the administration had, which wasn't much. Added Rice Thursday: "The government did everything that...

Author: /time Magazine | Title: Person of the Week: Ari Fleischer | 5/17/2002 | See Source »

...With so much advice swirling around - and so much of it cooked, corrupt or just plain bad - even the companies themselves get to play oracle. For weeks, Wall Street has been a chastened bettor, placing few bets and admitting its ignorance. Then Cisco announced after the bell Tuesday that the year in tech looked pretty good - and Wednesday the casino was jumping again with a furious rally that added 122 points to the NASDAQ and 305 points to the Dow, the biggest daily gains of 2002. Nobody even complained about Cisco's obvious conflict of interest as a company that...

Author: /time Magazine | Title: Analyzing the Analysts | 5/8/2002 | See Source »

ROCKY MOUNTAIN HIGH Perched on the verdant slope of an extinct volcano, the luxurious Mount Popa Resort reigns over the Myingyan Plain, offering a stunning view of the gilded spires and pale green walls of the fairy-tale Popa Daung Kalat Temple complex below. A curious joint venture between the forestry department and a Singaporean lumber and construction firm, the eco-refuge nestles among the sandalwood saplings of a newly established forest conservation project...

Author: /time Magazine | Title: Escape | 5/6/2002 | See Source »

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