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...Cubans really needed $1.3 billion worth of milk powder--enough to supply everyone on the island with 60 gallons a year--and why the powder was being shipped from Singapore, of all places. And nobody challenged a key discrepancy: the amount of debt disclosed on the firm's balance sheet was at odds, by as much as $2.6 billion, with the corporate data on file at the Italian central bank. In a submission to the Parma bankruptcy court on Nov. 1, Citigroup said it "did not know of Parmalat's real financial condition from the Bank of Italy Risk Register...

Author: /time Magazine | Title: How It Went Sour | 12/17/2004 | See Source »

Early skeptics, from principals to PTA moms, are coming around to Combs' point of view, but it hasn't been painless. Richardson High School, north of Dallas, had to shut down its profitable Eagle Emporium, which sold candy that paid for VCRs in every room as well as sheet music for the choir. "As sad as I was to lose the money," says former PTA head Pat Epstein, "we don't need to be stuffing our kids with bad food." At Haggar Elementary School in nearby Plano, principal Vicki Aldridge mourned the loss of the Donuts for Dads events...

Author: /time Magazine | Title: The Cafeteria Crusader | 12/17/2004 | See Source »

...most public airing of a concern that has spread among soldiers serving in Iraq and their families as the death toll has climbed: Is the U.S. sending troops into the line of fire without the means to protect themselves? The Pentagon has treated reports of equipment shortages--troops' hammering sheet metal onto humvees or asking their families to send bulletproof vests--as isolated kinks in the military supply chain. But last week, in response to Specialist Wilson, military officials were forced to acknowledge an unsettling reality: the U.S. has nowhere near the number of armored humvees in Iraq required...

Author: /time Magazine | Title: How Safe Are Our Troops? | 12/17/2004 | See Source »

...rebuild a war-torn nation--neither of which can be accomplished in 70-ton M1 tanks. Instead, commanders turned to the successor to the jeep, the 20-year-old High Mobility Multipurpose Wheeled Vehicle (HMMWV), as the humvee is officially known. With canvas doors and a skimpy skin of sheet metal, most humvees are designed to move small numbers of troops quickly. After a 1993 mine blast killed four U.S. soldiers in Somalia in their thin-skinned humvee, the Army began buying armored versions for deployment to hot spots like the Balkans. But neither the U.S. Army nor the Bush...

Author: /time Magazine | Title: How Safe Are Our Troops? | 12/17/2004 | See Source »

...supplies that keep you party pretty. Cosmetics companies are coming to the rescue with packaging that supplies a single serving of makeup. Cargo's DailyGloss comes in individual-use bubbles, and with a mini-roll of blush paper that holds a sweep of color in each disposable sheet, Flirt! Rollerblush helps you do away with the need to carry a brush. Just tear and apply...

Author: /time Magazine | Title: Miniature Makeup For Perfect Styling On The Go | 12/17/2004 | See Source »

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