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Meanwhile, with its stock sinking, Pet Quarters couldn't raise the funds it needed to keep operating, and shut down. CEO Steve Dempsey and an executive who had invested with him wound up filing for personal bankruptcy. "There was nothing wrong with our business," says Dempsey. "We fell prey to the perfect crime." Weiner counters that "most of these companies" that blame short sellers when their stock falls are financially "barely skating...

Author: /time Magazine | Title: Watch Out, They Bite! | 11/9/2005 | See Source »

After spreading out his company, Turner receives new orders from headquarters. Two Chinook helicopters are due to ferry 50 of his troops up to a mountain ridge to keep the fleeing Taliban from outflanking the coalition special forces, who have set up an ambush for their prey in a deep canyon. But the Afghan commander, angry that a medevac chopper is late to arrive for his two soldiers who were injured when the pickup overturned, refuses to let his men join the mission. "Look at these Afghans. Why the hell should we be fighting their war?" says a U.S. sergeant...

Author: /time Magazine | Title: War in the Shadows | 10/3/2005 | See Source »

...plans to push deeper into the mountains of Zabul and Uruzgan provinces in the coming weeks. The aim is to scatter the Taliban from their hideouts and prevent them from returning to sanctuaries in nearby Pakistan--where U.S. forces can't venture and where their ultimate prey, Osama bin Laden, may be hiding. U.S. and Afghan officials believe that the war against the Taliban will go on for months, perhaps years. The longer the Taliban survives, the tougher it will become for the U.S. to penetrate the trails that might lead to al-Qaeda's boss. That reality is more...

Author: /time Magazine | Title: War in the Shadows | 10/3/2005 | See Source »

...authorities alone seized 18,850 live endangered wild animals, including lizards, pythons, turtles and rare fish. The slaughter is so extensive in Asia that traditional sources of supply have all but dried up for the most popular animals, and traders are forced to go farther afield to secure their prey. Poachers looking to fill orders for the popular pig-nosed turtle, which is prized both as a pet and for its meat, have to venture as far as the remote Indonesian province of Papua. Those pursuing live reef fish, a Chinese delicacy particularly popular in booming southern China, have appeared...

Author: /time Magazine | Title: Eating Disorder | 9/26/2005 | See Source »

...overhauled in barely a year, but all the average Filipino knows about the parliamentary system is that instead of a President, a Prime Minister presides over government. The parliamentary system is ideal for a highly informed and involved electorate, but it carries the risk that a privileged few will prey on voter ignorance and build fiefdoms that will lead to crippling partisan backbiting. Let's build grassroots involvement before we undertake a change so hasty and bewildering. Suzanne Credo Caloocan, the Philippines...

Author: /time Magazine | Title: Letters | 9/19/2005 | See Source »

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