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...Stanley Williams now tells it, he knew there was danger in leading an expedition of scientists into the throat of the Colombian volcano known as Galeras. After all, it was one of the most active in South America, with a history of violent eruptions dating back to the Spanish conquistadores. But the mountain seemed calm that fateful morning in January 1993 when Williams and 11 other volcanologists hiked over Galeras' rim to take its pulse--measuring tiny fluctuations in tilt, gravity, gas emissions and other signs of volcanic life. The scientists and a handful of tourists were spread out across...

Author: /time Magazine | Title: The Crater Of Death | 3/19/2001 | See Source »

...expected guidelines. Yet the deal didn't need that advantage to make sense. "For something like this to work, each party has to have a good view of the strategies the other will pursue for the next five years," says Jacques de Balasy, who ran the Morgan Stanley Dean Witter banking team that advised Arbed. "These men have known each other for a long time, and there is a lot of trust built up." All three companies have managed to make money in difficult times by keeping raw material costs down and focusing on the kinds of high-grade finished...

Author: /time Magazine | Title: Heavy Metal Merger | 3/5/2001 | See Source »

...DIED. STANLEY KRAMER, 87, producer-director and grudging bearer of the label "message filmmaker" who received nine Oscar nominations but never won; in Los Angeles. Kramer used film to wrestle with such knotty themes as racism (The Defiant Ones), nuclear holocaust (On the Beach) and Nazi war crimes (Judgment at Nuremberg). Toward the end of his career, critics routinely panned his films--even box-office successes like Guess Who's Coming to Dinner--as oversimplified and maudlin...

Author: /time Magazine | Title: Milestones Mar. 5, 2001 | 3/5/2001 | See Source »

...DIED. STANLEY KRAMER, 87, celebrated Hollywood film director and producer whose credits included the classics High Noon and The Wild One; in Los Angeles. One of the first producers to work outside the studio system, Kramer burst onto the scene in the early 1950s with a series of spectacularly successful low-budget movies. A liberal in the politically cautious Hollywood of the 1950s and '60s, he often tackled then-controversial subjects such as racism and the nuclear arms race. His 35 films were nominated for a total of 85 Oscars, winning...

Author: /time Magazine | Title: Milestones | 3/4/2001 | See Source »

...speaking fee that Clinton took from Morgan Stanley may seem like a lot, but from an agent's point of view, it was totally shortsighted. He could have pocketed a lot more if he had just packaged himself somewhat differently. Bill Clinton Live at the Apollo could gross 10 times that with an extended run, not to mention the take he would get when HBO pieced together a one-hour special. It squeezed half an hour out of Margaret Cho material...

Author: /time Magazine | Title: Feeling His Pain, Taking His M&M's | 2/26/2001 | See Source »

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