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...That's especially true in Newcastle right now. The fortunes of its once promising football club - its current standing halfway down the league was bad enough to earn Keegan's predecessor the boot - have fallen in tandem with those of another of the city's institutions: club sponsor Northern Rock. So when the team's players kicked off a run of lackluster results last September, spooked savers across the U.K. began a run of their own on the bank whose roots in Newcastle stretch back 150 years. While the team was losing three of its five games that month, Northern...

Author: /time Magazine | Title: Between a Northern Rock and a Hard Place | 1/21/2008 | See Source »

...Tandem, based in Ashburn, Va., was testing its process in the lab in early 2001, and Emily Durham was working regularly with the treated water. She noticed something unusual: her forearms and hands looked and felt softer. Durham and the rest of the Tandem team didn't think much of this unusual fringe benefit. "We said, 'Hey, that's great,' but didn't want to deviate from our original goal," Lyles says...

Author: /time Magazine | Title: Skin Care Becomes a Seaworthy Idea | 12/20/2007 | See Source »

...Tandem Technologies' ship had sailed. Literally. The cargo vessel promised to the young water-treatment company by the U.S. Maritime Administration was instead deployed to the Persian Gulf in 2002. Tandem's founder, Robert Lyles III, a recent graduate of Kenyon College, had planned to conduct research on the ship that would prove to investors the promise of the technique he had developed for treating the ballast water taken on by ships. And no ship could mean no funding. The sudden setback might have sunk Tandem. But surprisingly, it set the company on an unexpected new course--skin care...

Author: /time Magazine | Title: Skin Care Becomes a Seaworthy Idea | 12/20/2007 | See Source »

After their ship didn't show, they changed their minds. Lyles, Durham and consultant Paul Gray decided in 2004 to create a skin-care company--with Tandem's seawater as the marquee ingredient--and siphon most of their new company's revenues back into Tandem's research. Less than a year later, C'watre was born...

Author: /time Magazine | Title: Skin Care Becomes a Seaworthy Idea | 12/20/2007 | See Source »

Despite their success in turning ballast into beauty, Lyles and Durham plan to hire new managers for C'watre, then head back to their original research next year. By then, Lyles hopes, tougher regulations on ballast water may have passed, boosting demand for Tandem's technology. Meanwhile, it will be known for the ship that launched a thousand face creams...

Author: /time Magazine | Title: Skin Care Becomes a Seaworthy Idea | 12/20/2007 | See Source »

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