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WorldCom has undergone what court-appointed monitor and former SEC chairman Richard Breeden calls "a steam cleaning from top to bottom," getting rid of virtually every member "of the gang that couldn't shoot straight," including practically the entire finance department. So far, at least, the nation's second largest long-distance company has been able to hold on to the bulk of its big, valuable corporate and government accounts, though many such customers are exploring other options. It has also grabbed some local residential customers from the Baby Bells, reached a partial settlement with the SEC and built...

Author: /time Magazine | Title: WorldCom: Showing Signs of Life | 12/30/2002 | See Source »

...couldn't grow anything on it but old. The Lott family didn't have an indoor toilet or bathtub until Trent was 10, but they had their priorities straight, as far as he was concerned; he had a pony and a .22 rifle, which he used mainly to shoot snakes. And he was taught to share. "People used to say that an only child would be spoiled and selfish," Iona recalls, "and I was determined that he wouldn't be that...

Author: /time Magazine | Title: Tripped Up By History | 12/23/2002 | See Source »

Meanwhile, the U.S. is spending $12 billion developing a new generation of Patriots. The original Patriot was designed to destroy airplanes and was drafted to shoot down missiles only in the heat of the Gulf War. Unlike the older Patriot, which destroys its target by blowing up as it passes by, the new Patriot destroys its target by crashing into it. The Pentagon, eyeing a possible war with Iraq, recently decided to boost production of the new Patriot, each of which costs $10 million...

Author: /time Magazine | Title: Iraq: The Great Scud Hunt | 12/23/2002 | See Source »

Smith & Wesson reckons that if you want to shoot straight on the golf course, you should give its new clubs a try. Widely known for making high-quality firearms, the company will release a full line of golf clubs next year. Smith & Wesson, based in Springfield, Mass., says the clubs are a natural extension of its brand. "The guy who buys a Smith & Wesson handgun is in many ways in the same demographic as the guy who buys golf clubs," says John Steele, who is in charge of the company's licensing agreements. The clubs will be produced in collaboration...

Author: /time Magazine | Title: Global Briefing: Global Briefing: Dec. 23, 2002 | 12/23/2002 | See Source »

...suspects stated that he had a gun and would shoot the victim. The suspects did not, however, display...

Author: By Jenifer L. Steinhardt, CRIMSON STAFF WRITER | Title: Youths Assault University Employee in the Yard | 12/16/2002 | See Source »

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