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...competition, boldly depicted the Tiananmen Square revolt of 1989 but was more concerned with the sexual politics of its heroine (the sulkily charismatic Hao Lei). She and her sex scenes were hot stuff, but the movie's critical response was tepid. Three war movies also failed to astound: Ken Loach's The Wind That Shakes the Barley, a predictable rendering of the 1920 Irish battle of Catholic peasants against the Black and Tans; Bruno Dumont's Flandres, a horrifying but uninvolving study of Belgian farmers committing atrocities in an African war; and Rachid Bouchareb's Indigènes (Days...

Author: /time Magazine | Title: Highs and Lows | 5/28/2006 | See Source »

Enron's stock price was up 36% last week, despite the news that founder Ken Lay and former CEO Jeff Skilling had been convicted of lying to investors and employees as the company sank into bankruptcy in 2001. Can't find this heady little stock on the N.Y.S.E.? Try looking on the "pink sheets," where Enron is now a penny stock listed as ECSPQ.PK. The once mighty energy firm, which traded at $90 a share six years ago, is selling for 15˘, up 4˘ on the day after the verdicts. It would be laughable if so many people hadn...

Author: /time Magazine | Title: The Enron Effect | 5/28/2006 | See Source »

...reporter caught me while I was sitting in the sanctuary of First Presbyterian Church awaiting the joyous and celebratory graduation services of my daughter's grade school. "What do you feel about the verdicts?" Since I had met with Ken Lay in August 2001 to warn him of Enron's shady accounting and Lay for the most part ignored my warnings, the reporter wanted to know, "Do you feel vindicated?" My mood did not remain joyous or celebratory. I stammered something about being satisfied that justice prevailed. What I couldn't convey in words is a sense of sadness, sadness...

Author: /time Magazine | Title: Viewpoint: Ken Lay Still Isn't Listening | 5/28/2006 | See Source »

...trait in leaders. We have to ask ourselves, Is our society cultivating humility? Do we exhibit that trait individually and collectively as a nation? Will we stop and learn from the Enron lesson in leadership failures, or will we just shrug our shoulders and thank God we're not Ken...

Author: /time Magazine | Title: Viewpoint: Ken Lay Still Isn't Listening | 5/28/2006 | See Source »

...Ken Lay took the news of his guilt on all six counts of fraud and conspiracy stoically Thursday, sitting with his family, not with his attorneys. His wife, Linda, dabbed her eyes and hugged her husband while daughter Elizabeth Vittor, an attorney herself, sobbed so much her body shook. All the emotion of the moment was understandable. The 64-year-old founder of Enron, the high-flying energy company that once fancied itself as a trader of everything from water to wine, now faces the prospect of 45 years in prison - in other words, the rest of his life. Before...

Author: /time Magazine | Title: Can Lay and Skilling Win on Appeal? | 5/25/2006 | See Source »

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