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...billion Estimated value of China's nonperforming bank loans, according to the country's central bank $911 billion Estimated value of China's nonperforming loans according to a retracted Ernst & Young report; the US-based accounting firm apologized last week, calling the number an error...

Author: /time Magazine | Title: Milestones | 5/22/2006 | See Source »

...announcer exclaimed: "It's tingling fresh. It's fresh as ice. It's Gibbs SR toothpaste." Not exactly scintillating TV. But give ad execs of the '50s a break. They were just starting to grapple with a nascent but potentially powerful medium - one they eventually tamed through trial and error. And that's a challenge and process not unlike the one facing Dare and other trailblazing digital ad agencies of today. It's an apt analogy, Collier says: "We're in the vanguard of a commercial revolution." And when it's completed, the Axe Feather website will likely seem...

Author: /time Magazine | Title: Ad-Ventures Online | 5/21/2006 | See Source »

...parents raised me to be a good sport, but I don't want to share the world record." JUSTIN GATLIN, U.S. track star and world's fastest man for five days until he learned that because of a timing error, he had actually tied, not broken, Jamaican rival Asafa Powell's 100-m record...

Author: /time Magazine | Title: Verbatim: May 29, 2006 | 5/21/2006 | See Source »

...West from a position of strength. Even today, he concedes nothing in Libya's support for terrorism, bragging about how revolutionaries he aided like Nelson Mandela and Yasser Arafat became welcome visitors to the White House. Libya's regret, he says, is that some of the groups committed the error of killing innocent civilians. Although a Scottish court convicted a Libyan official - and the Libyan government formally accepted responsibility - for the downing of a Pan Am flight over Lockerbie, Scotland, in 1988, Gaddafi still refuses to admit Libyan guilt, insisting that the real perpetrators have not been caught...

Author: /time Magazine | Title: Behind Gaddafi's Diplomatic Turnaround | 5/18/2006 | See Source »

...order to know itself better? For me, the beginning of an answer has emerged from a careful study of some of the stationery in my office. The community-defining text for today is the single word, Veritas: Truth.What is the opposite of Truth? In the first place, Truth opposes Error. A university with the motto Veritas should counter wrongness and contemn it if it turns out to be willful. Why should a judge, rather than a university, be the first to state authoritatively that “The doctrine of ‘intelligent design’ [is] a religious...

Author: By Jim Von der heydt, | Title: A Jeremiad for an American School | 5/17/2006 | See Source »

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