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...reported to Captain [William S.] Parsons. I was essentially his assistant. When I was not at Los Alamos, I was frequently troubleshooting for Capt. Parsons in Washington. When it came time to select a base for the 509th group, they sent me out to stake some ground in the Pacific. I was sent out to Admiral [Chester] Nimitz's headquarters to make this selection. That was in February 1945. I was given a letter that told Admiral Nimitz, who was located in Guam at the time, that there was being developed an atomic bomb, which would be in his area...

Author: /time Magazine | Title: Frederick Ashworth, 93 | 7/25/2005 | See Source »

...challenges, namely Parliament, privatization and protocol. An IP-based network might help Telstra remain competitive and fully integrated. But a stagnant share price and warnings of an industry slowdown might push the former head of US West to cut costs (and jobs) as the government sells its remaining 51.8% stake, worth $25 billion. More foreign investment could raise Telstra's share price. That, and other regulations, should be decided by Parliament in August...

Author: /time Magazine | Title: People to Watch in International Business | 7/18/2005 | See Source »

...rising briskly and its cash flow more than doubled in the first quarter as the aircraft industry picked up again. KKR's total equity investment in MTU was $326 million. Following the IPO, KKR has returned $590 million to its investors, and it continues to hold a 29% stake, valued at $390 million. KKR tripled its money in 19 months...

Author: /time Magazine | Title: Buyout Mania | 7/18/2005 | See Source »

...ntefering in his "locust" critique because of the profits that its investors, KKR and Goldman Sachs, made when they sold out. The two firms acquired Wincor Nixdorf from Siemens in 1999 for $709 million and by the beginning of the year had sold their entire stake, starting with a public offering in 2004. KKR and Goldman haven't disclosed details, but people familiar with the finances say the investors at least tripled their initial investment. Over the five years of ownership, the firm has expanded in Asia and Europe, strengthened its U.S. business via a joint venture with...

Author: /time Magazine | Title: Buyout Mania | 7/18/2005 | See Source »

...whole thing felt at times like a half-glimpsed game of charades; but the fight matters because the issues at stake matter: the ongoing struggle between the Administration and the intelligence community, the debate over the case for going to war, the tensions over the role and rights of a free press, the eternal distinctions between what is legal and what is right. Until Fitzgerald issues his report, there will be no way to know if anyone committed a crime. But in the meantime, there is plenty of evidence of recklessness, ruthlessness and political passion that have made the search...

Author: /time Magazine | Title: The Rove Problem | 7/17/2005 | See Source »

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