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Japan Chucks in Its Clogs It's difficult to imagine how an amusement park built around windmills and giant wooden shoes could fail, but last week Huis Ten Bosch, a Dutch theme park in Nagasaki, Japan, became the country's third largest bankruptcy this year, with liabilities of $1.95 billion. With unemployment at record highs, people in the world's second-biggest economy are in no mood to play; indeed, the once-booming leisure industry is also responsible for the country's two largest bankruptcies. The fall of Huis Ten Bosch is most significant because it highlights Japan's banking...

Author: /time Magazine | Title: Bayer's Bitter Pill | 3/2/2003 | See Source »

...Dance of Death, which opens March 4. "I'm so excited about working in this street," he says. "The strip club is next door to a primary school! And there's a bomb site that hasn't been cleared up since the 1940s. It's a fun, vivid world." MCKELLEN'S most vivid role may be the powerful and sagacious magician Gandalf in The Lord of the Rings, but he looks remarkably human as he reclines in an armchair dressed in rubber slippers, leather trousers and blue T shirt. After years as one of Britain's most distinguished stage actors...

Author: /time Magazine | Title: Wizard of the West End | 3/2/2003 | See Source »

Twelve years ago, my entrance into the world of music seemed innocent enough. Mr. Erickson, the Willy Wonka-esque town music teacher, came to my elementary school to present the myriad of possible musical instruments to play to an audience of rapt third graders. “Play an instrument because you like the way it sounds, not because your grandma has a violin in the attic,” he told us, and, since already I loved the wolf’s theme in Prokofiev’s “Peter and the Wolf...

Author: By Rebecca M. Milzoff, CRIMSON STAFF WRITER | Title: Diary of a Music Addict | 2/27/2003 | See Source »

...said. Since then, Goldstein has changed his tune somewhat after serving only 10 days of his 60-day sentence at Rikers Island. “It was a horror,” Goldstein tells FM. “It was worse than any third world country. They performed surgery on me, the D.A. of Brooklyn [Charlie Hynes] told the correctionals that I would leave Rikers Island in a pine...

Author: By Samuel A.S. Clark, CRIMSON STAFF WRITER | Title: Screw Harvard Law | 2/27/2003 | See Source »

...World War II and all but one of them required by law to balance their budgets, nearly every Governor is facing unpleasant choices this year. And in an upending of conventional politics, it's the Republicans who are leading the way to higher taxes. Within two days of being sworn in last month as Georgia's first G.O.P. Governor since Reconstruction, Sonny Perdue proposed one of the state's biggest tax hikes ever. Though he backed off when legislators balked, other Republican Governors are forging ahead. Connecticut's John Rowland, elected as a tax cutter in 1994, began his third...

Author: /time Magazine | Title: Tax Hikes: A G.O.P. Thing | 2/24/2003 | See Source »

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