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...income. Meanwhile, Wong has cut costs by reducing staff to levels not seen since the early 1990s and by slashing senior managers' pay, including his own, by 10%. Money is being invested in upgraded facilities, such as the construction of a $51 million parade ring with a retractable roof, which opened in November, and a giant outdoor TV screen at the Sha Tin track. And the racing has never been better. In the mid-1990s, Hong Kong-trained horses were barely recognized in international competitions; last season, Hong Kong's own Silent Witness was the world's top-rated sprinter...

Author: /time Magazine | Title: Fading Down The Stretch? | 11/29/2004 | See Source »

...that famous Harvard graduate John Kennedy once said, “the time to fix the roof is when the sun is shining.” Unauthorized file-swapping is a viral threat that we must bring under control now—before it becomes “acceptable” to new generations of computer users. Individuals must realize that there are real consequences when you steal copyrighted works...

Author: By Dan Glickman, | Title: Pirating films hurts profits, deincentivizes movie-making | 11/22/2004 | See Source »

...hard-drinking gold miner who eventually shot and killed himself, Reid grew up in the town of Searchlight, 54 miles south of Las Vegas, in a tiny wood shack with a tin roof. He boarded with a family to attend high school in Henderson, 40 miles away, and he later went to college with money chipped in by Henderson townsfolk. Once an amateur boxer, he worked nights as a Capitol Hill police officer to pay for law school at George Washington University. As chairman of the Nevada Gaming Commission from 1977 to 1981, Reid, a devout Mormon, battled organized crime...

Author: /time Magazine | Title: Herding the Democrats | 11/22/2004 | See Source »

...taking a high spot overlooking the mosque and its minaret. At night it almost felt safe inside, but daylight brought the snipers and insurgent cells out into the streets. The attack started in the east but was soon joined by shooting from the north. From three edges of the roof, the soldiers fired at the insurgents, who wore tracksuit pants and the uniforms of the Iraqi National Guard as they dashed back and forth across roads or popped up in windows. The fight lasted nearly two hours. The young grunts defended themselves with all manner of fire, including AT4 antitank...

Author: /time Magazine | Title: Into the Hot Zone | 11/22/2004 | See Source »

...cameo as the jealous opera diva Carlotta. Although Phantom has kept salaries low by casting virtual unknowns, its $80 million budget puts it between Alien vs. Predator and The Incredibles. An ensemble of 100-plus sings and dances through Schumacher's enormous, immaculately designed soundstages. In addition to the roof set, where stone gargoyles gaze down malevolently, there's the Phantom's Lair - a dark catacomb where the deformed genius composes on his grand piano to the steady accompaniment of water dripping into a stagnant, green pond. The space, illuminated by hundreds of candles, was so humid that Butler compares...

Author: /time Magazine | Title: How To Film A Phantom | 11/21/2004 | See Source »

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