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...international auditors and banks that were working for Parmalat vehemently reject the allegations, saying they were tricked by Parmalat's management. (U.S. ambassador to Rome Mel Sembler has been lobbying on behalf of the U.S. banks, alleging that they are being discriminated against in the bankruptcy proceedings and warning of damage to bilateral relations.) Bank of America notes that it has been a victim in the case, already writing off $425 million. Citibank puts its total Parmalat exposure at $540 million. Where did the rest of the lost billions go? According to Bondi, $8.5 billion went to pay interest, dividends...

Author: /time Magazine | Title: How It Went Sour | 12/17/2004 | See Source »

...Weinstein certainly thinks so. In the past year, the Miramax boss (his studio was behind Chicago) has gobbled up the rights to such old-school classics as Damn Yankees, Guys and Dolls and Pippin. American Beauty director Sam Mendes has announced plans to shoot Stephen Sondheim's Sweeney Todd. Mel Brooks is set to roll on his movie turned musical turned movie, The Producers. Chris Columbus has signed on for Rent, and there are plans for big-screen versions of Bombay Dreams, Urinetown and Hairspray. Chicago cloaked its musical yearnings by having its song-and-dance numbers take place...

Author: /time Magazine | Title: How To Film A Phantom | 11/21/2004 | See Source »

...MEL MARTINEZ...

Author: /time Magazine | Title: 2004 Election: New Faces | 11/15/2004 | See Source »

...they were trying to do was get their children safely out of Fidel Castro's Cuba and into the U.S. Nobody knew then that one of those children would go on to become the first Cuban American elected to the U.S. Senate. With his victory in Florida last week, Mel Martinez, 58, earned that distinction, picking off a seat that had been held by retiring Democrat Bob Graham. But the feel-good story follows a feel-bad campaign, and even before he takes office, Martinez may have some fences to mend...

Author: /time Magazine | Title: 2004 Election: New Faces | 11/15/2004 | See Source »

...capable of this kind of shift in national mood? I have no idea. It has seemed at times as if we have been living in parallel universes this past year. The polarization, aided and abetted by Michael Moore, Mel Gibson, MoveOn.org and the Swift Boat Vets, among many others, has deepened into a variety of embitterments. But elections are--or should be--the antacids to this kind of dyspepsia. They are ways to clear the air, to settle the rancor for a while, to concede that the country as a whole has now decided one way or the other, however...

Author: /time Magazine | Title: Essay: 2004 Election: Let's Have a Truce | 11/15/2004 | See Source »

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