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There?s a new "white knight" for the damsel in distress that is Enron. Oak Brook, Ill.-based power-plant developer Standard Power and Light wants to buy Enron for less than $1 a share (about what it?s trading at right now). But the company might want to proceed cautiously - look what happened to Dynergy, Enron?s last would-be savior. As Enron filed for the biggest corporate bankruptcy in U.S. history, it sued Dynegy for "not less than" $10 billion, charging them with using disingenuous merger talks to "put an end to Enron as a competitive force...

Author: /time Magazine | Title: Why Dynegy Backed Out | 12/3/2001 | See Source »

...revelation has both ruined and redeemed his life; and a math teacher who has ruthlessly and repeatedly reinvented himself. The action of the novel unfolds in two very different sites—the fame, fortune and appearance-obsessed world of New York City and the suburban town of Rockford, Ill., an erstwhile paragon of industrialization—against the backdrop of contemporary American culture...

Author: By Divya A. Mani, CRIMSON STAFF WRITER | Title: A Nightmarish Take on America | 11/30/2001 | See Source »

...forced passersby into mosques at gunpoint. At the Malali High School, Siad Bibi knew that her life had turned a terrible corner. She was a cleaner until the Taliban decreed that she could not leave her house, which is right next door, without her husband, who is old and ill. "Now I have no work. I can't go outside," she says. She adds that the situation is even worse for Kabul's estimated 25,000 widows, now officially jobless. "There were many widows who worked here," she said. "Now they can't leave their homes. I'm so scared...

Author: /time Magazine | Title: Milestones: Five Years Ago in TIME | 11/26/2001 | See Source »

...Naipaul has written about defeated men before. But they usually went down with a misguided or ill-fated passion. Willie Chandran simply drifts, usually from woman to woman, in a state of incompleteness. Fortunately, he is a continental drifter who allows Naipaul to revisit familiar ground and again bring to bear his formidable powers as a literary man and journalist. The two disciplines are indistinguishable in Half a Life. But there are clear influences. Naipaul's India could be a setting in an R.K. Nayaran story. His Africa is as baleful as Conrad's and his London Waugh-like. Here...

Author: /time Magazine | Title: Half an Autobiography | 11/26/2001 | See Source »

...Much of the world's media this week was taken up by commentaries on Secretary of State Colin Powell's Monday speech on the peace process. Egypt's official Al Ahram was cautiously optimistic in an editorial, but it also carried a front page analysis predicting problems: "[The Palestinians'] ill-disguised discomfort was due to the concrete demands Powell made on them to bring about [an end to the intifada] compared to the vagueness he wanted from Israel to move to [end its occupation of the West Bank and Gaza]." Israeli raids into Palestinian territories and new housing construction...

Author: /time Magazine | Title: What They're Saying About the War | 11/23/2001 | See Source »

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