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...borrower, the ailing supermarket giant Daiei?one of the country's biggest "zombie" companies, enterprises that continue to operate despite crushing debt and chronic unprofitability. Daiei is carrying debt of nearly $10 billion. It has little hope of ever repaying, but it has always managed to convince a trio of lenders?UFJ, Sumitomo Mitsui Bank and Mizuho Holdings?to extend additional credit at crucial moments in order to keep it alive. UFJ is urging Daiei's management to accept assistance from the Industrial Revitalization Corporation of Japan (IRCJ), a state-backed bank designed to overhaul Japan's most hapless companies...

Author: /time Magazine | Title: Wedding Crasher | 8/30/2004 | See Source »

...first few laps of the 25-lap race, Gebrselassie stayed with the lead pack as it glided its way around the graceful Olympic Stadium. By the 5000-m mark, Bekele, Gebrselassie and Ethiopia's third runner, Sileshi Sihine, were 1-2-3. The Ethiopian trio was soon lapping slower runners, even as the younger men seemed to slow the pace to accommodate Gebrselassie. But then he began to struggle. At 7,500 m, he fell back for a lap before coming again, fighting off pain, hoping he could run through...

Author: /time Magazine | Title: Track And Field: The New King of Distance Running | 8/30/2004 | See Source »

...Hilton's version hit the Net last week, the still hazy issue of who has first-release rights to the tune became urgent. While the record companies work things out, we'd like to suggest a compromise: recruit brunet rocker Ashlee Simpson (sister of more famous Jessica) for a trio...

Author: /time Magazine | Title: A Good Girl, a Bad Girl and a Pop Song | 8/16/2004 | See Source »

...trio came up with a new training scheme, a blend of the decentralized system so entrenched in the U.S. and the centralized institutional program that is the hallmark of gymnastics powers such as China, Russia and Romania, from where the Karolyis defected in 1981. "It's a semicentralized system that lets the girls live in their own homes year-round, and periodically they come together to train," says Martha, who assumed control of the training center as her husband moved away from coaching--apparently for good. "It is extremely important to train together regularly to have guidance and common ground...

Author: /time Magazine | Title: Gymnastics: Inside Camp Karolyi | 8/16/2004 | See Source »

...daughter, later Charlie Chaplin?s wife), Carol Marcus (who later married William Saroyan, twice, and Walter Matthau) and little Gloria (whose gallery show opening Phyllis took us to about ten years ago). In 1986 Carol?s son Aram Saroyan published a history-memoir of Gloria, Oona and Carol called ?Trio.? Since Phyllis was an intimate member of the circle, I figure the book should have been called ?Quartet...

Author: /time Magazine | Title: Three Reasons to Love New York — Part III | 8/13/2004 | See Source »

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