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DIED. Kenneth Lay, 64, founder and ex-CEO of Enron, who was convicted in May of fraud and conspiracy in the spectacular 2001 collapse of the mammoth energy company; while free on a $5 million bond as he awaited his October sentencing; of heart disease; in Aspen, Colo. Born to a poor family in rural Missouri, Lay became a friend to Presidents (George W. Bush famously nicknamed him "Kenny Boy") and a Wall Street darling whose renown grew in step with Enron's soaring stock price. But the emergence in 2001 of the truth about Enron and its scandalous business...

Author: /time Magazine | Title: Milestones Jul. 17, 2006 | 7/9/2006 | See Source »

North Korea's test of its long-range Taepodong-2 missile early Tuesday morning was a spectacular failure, plunging into the ocean 40 seconds after liftoff. But the poor quality of the saber didn't do much to calm the diplomatic fury set off by Pyongyang's saber rattling. Most notable, however, was what was missing from the response. After weeks of talk of harsh rhetoric and debate in the media over preemptive military strikes to knock out the test missile, Secretary of State Condoleezza Rice on Wednesday called for the issue to be discussed by the six-party forum...

Author: /time Magazine | Title: North Korea's Missile Test: Diplomatic Arm-Twisting | 7/5/2006 | See Source »

...complain that Putin's government "has unfairly and improperly restricted the rights of her people." Privately, the other G-8 leaders regret giving Russia the nod four years ago to host this year's gathering. Instead of a carrot to induce improved behavior, the venue has become a spectacular stage for Putin to proclaim his rather different message: Russia is back, and I'm in charge. That's why the St. Petersburg summit may be more significant than most such gabfests. It will focus the world's attention on two crucial questions: What does Putin's Russia really want...

Author: /time Magazine | Title: Russia's New World Order | 7/2/2006 | See Source »

...VAIL: With its spectacular Alpine setting, ski runs and seemingly endless forests, the Colorado town of Vail is one of North America's best winter resorts. But here's an insider tip: it's sensational in summer too. Low-season activities are snow-free but action-packed, and include biking, hiking, horseback riding and river rafting. Enjoy a round of golf (balls fly 20% further on Vail's high-altitude courses) or an evening of culture (dance and music festivals run through the summer). There's even pleasure to be had in totting up your bill: lodging is discounted...

Author: /time Magazine | Title: Off-Peak, On Budget | 7/2/2006 | See Source »

...view from the top of Beijing's newest and tallest skyscraper is to die for. Still a year from completion, the upper floors are a mess of flapping safety nets and tangled steel wires, but there are glimpses of what will be a spectacular, 360-degree panorama. The outlook to the west is particularly stunning?a sweep down the wide swath of Chang'an Avenue, past the Forbidden City over roofs and parks all the way out to the hazy crests of the Western Hills. It's the best view in China's booming capital, and you'd expect...

Author: /time Magazine | Title: China's Hotel Boom | 6/26/2006 | See Source »

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