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They are burning bodies on the shore of Tamil Nadu in southern India, and Manikimuttu, 24, whose grandfather is among the 60 or so in the pyre, is crazed with grief, one moment scooping water into cooking pots and throwing it on the flames, the next collapsing in uncontrollable sobs. They are collecting bodies from the normally green lawn in front of the old mosque in Banda Aceh, Indonesia, now littered with a thick debris of dead snakes, chickens and humans--at just one collection point in the city, authorities have gathered 3,500 corpses. On the Andaman coast...

Author: /time Magazine | Title: Sea of Sorrow | 1/2/2005 | See Source »

...felt the sea moving around him. "That must have been when the earthquake hit," he says. (The precise time of the shock was 7:58 a.m.) About half an hour later came the shock wave--the tsunami--that devastated the region. At first, Bustami saw water retreat from shore, with fish jumping around on the empty beaches. Then, he says, "I heard this strange thunderous sound from somewhere, a sound I'd never heard before. I thought it was the sound of bombs." The water rose behind him as high as the coconut trees on the shoreline...

Author: /time Magazine | Title: Sea of Sorrow | 1/2/2005 | See Source »

...miles an hour. In deep, open water, you would never notice even the most devastating tsunamis, which are often no more than a few inches high there. But when the water's depth decreases, the wavelength shortens and the height of the wave increases. Then it crashes onto shore with the power to wreck buildings and throw trucks around as if they were Ping-Pong balls...

Author: /time Magazine | Title: Sea of Sorrow | 1/2/2005 | See Source »

...chief operating officer and returned to the highly decentralized structure that had long been a Bertelsmann tradition, cutting 1 in 6 jobs at corporate headquarters. "The businesses are all so different and require such different management skills that one person can't run them all," Thielen says. To shore up profitability, he has sold the firm's German specialist magazine group BertelsmannSpringer for $1.35 billion and merged its troubled music division with Sony's. Debt has dropped to below $700 million, and Thielen says the firm is again on an expansion course. Don't expect Middelhoff-style grandiose plans, however...

Author: /time Magazine | Title: Gunther Thielen: BERTELSMANN | 12/17/2004 | See Source »

...only now are emerging from their worst rut since the Great Depression. In fact, though U.S. officials say they want a strong dollar, the open secret in Washington is that they are in no rush to make it happen. For one thing, the steps the U.S. must take to shore up the buck are painful, probably involving some combination of tax hikes and budget cuts to rein in the U.S.'s massive borrowing needs. The federal budget deficit tops $400 billion, and tallying all forms of money flowing in and out of the nation, the country's total accounts deficit...

Author: /time Magazine | Title: Wither The Dollar | 12/17/2004 | See Source »

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