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...sounds like something out of a bad horror movie. Swarms of imported red fire ants?Brazilian insects with scarlet armor and a burning sting?have run rampant in parts of the United States, Australia and Taiwan, consuming small birds, felling livestock, and leaving painful welts on any human skin they contact. Its Latin species name, invicta, means invincible, and so far no affected country has managed to eradicate an infestation of the 2- to 6-mm-long ant. "I hate them," says Keith McCubbin, director of the Queensland Fire Ant Control Centre, which is spending $136 million...

Author: /time Magazine | Title: Evil Ant Invasion! | 1/31/2005 | See Source »

...Incremental regulatory improvements have failed to reverse the slide because they are Band-Aid solutions to wide-ranging, well-known problems. China's stock markets are afflicted by poor regulatory supervision, rampant insider trading, lack of corporate transparency, shady stockbrokers, and frequent government intervention. Investors dislike uncertainty, and in China, risk takes many surprising forms. In November, for example, the government suddenly rotated the top executives of its four listed, state-owned telephone companies, sending them to work for former competitors. Corporate corruption is commonplace?police have confirmed criminal investigations at eight listed companies so far this year, according...

Author: /time Magazine | Title: China's Market Maladies | 1/30/2005 | See Source »

...First-time offenders are placed in treatment programs but not sanctioned. Former major league catcher Don Slaught, who played from 1982 to 1997 and with Bonds in Pittsburgh from 1990 through 1992, insists that even in the '90s it was common knowledge in locker rooms that steroid use was rampant. "But there was no animosity," he says of the relationships among those who cheated and those who didn't. "Some guys chose to do it; some guys didn't. I was one of those guys who chose to do nothing." In those days, he says, so was Bonds...

Author: /time Magazine | Title: How Pumped Up is Baseball | 12/17/2004 | See Source »

...they really feel." Indeed, Hobson had the guts to stand up to crusading New York attorney general Eliot Spitzer at a conference when she thought he was criticizing the mutual funds industry too harshly, and she has clashed with top Senators in testimony before Congress. She is worried that "rampant legislation" will stifle creativity and force smaller firms out of business. "What has made this industry so strong is the spirit of smaller firms," says Hobson, "and I would hate for that to be lost." --By Noah Isackson/Chicago

Author: /time Magazine | Title: Mellody Hobson: ARIEL CAPITAL MANAGEMENT | 12/17/2004 | See Source »

...They?ll certainly be hoping the security situation improves. There was no let-up in rampant insurgent violence Wednesday, and a bomb that killed seven people and wounded a number of others outside one of Shia Islam's holiest shrines in Karbala may have been a reminder that some among the Sunni insurgents harbor a viciously sectarian agenda that sees naked violence against the Shiite majority as an integral part of destabilizing Iraq's transition. Whether they're attacking Shiite civilians or U.S. troops or Iraqi National Guardsmen, the insurgents have left little doubt that they're going...

Author: /time Magazine | Title: Will Iran Win Iraq's Election? | 12/15/2004 | See Source »

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