Word: quarterly
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Industry watchers were alarmed last week when Wagoner had to insist that the company was not considering bankruptcy. Ray Young, GM's chief financial officer, conceded that the company will post a "significant" loss when it reports its second-quarter earnings, but, he told TIME after the announcement of the latest cuts, the talk about bankruptcy was "unfortunate." He said, "It's a distraction. We wanted to dispel any concerns anyone might have. Frankly, that's just not in the cards...
...Thirty-three years after its birth, however, Journey is getting a second lease on life - and from a most unexpected quarter. In December, the band signed on new lead vocalist Arnel Pineda, a Filipino singer whom they found leading a Manila cover band. Six months later, the group kicked off a tour of Europe and the U.S. and released Revelation, an album featuring new songs and rerecorded classics that, two weeks after its debut, was the fifth highest-selling album in the States...
...immigrants and not paying their taxes. I confessed I didn't know much about our gardener's citizenship status, given that I tape a $100 check to my door every month that is made out to simply "Rafael." It turns out I'm safely below the $1,000-per-quarter exemption for both Rafael and my housekeeper. Apparently, America doesn't care if its Vice President horribly exploits workers...
...decades experts had worked tirelessly to reconstruct the original version of the film on the basis of set photographs, intertitles (the text between scenes) and its score. Although large gaps remained - roughly 30 minutes, one quarter of the film's duration - when the results were made public in 2001, most critics believed this was the closest one would ever get to the definitive version...
...birthday - plans to permanently host branches of three or four overseas research universities on its site in the heart of England. Nigel Thrift, Warwick's vice-chancellor, won't say which universities it has in its sights; negotiations with North American and Asian institutions are ongoing. But its "International Quarter," he says, will pursue "proper, long-lasting collaborations with three or four institutions around the world, rather than...