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...prole white boys flirting with nihilism. ''I'm a negative creep,'' Nirvana's Kurt Cobain sang. Keith Richards remained cooler than Mick Jagger because he was a junkie; Sid Vicious became the permanently coolest member of the Sex Pistols when he died of a heroin overdose; Cobain has already spent some of his fresh superstardom as a heroin user. The Who and Jimi Hendrix ritually smashed and burned guitars onstage in the '60s; today Nirvana does its own instrument-destroying thing. There is a familiar solipsism. Alternative rock, says Atlantic Records' Danny Goldberg, who managed both Nirvana and Sonic Youth...

Author: /time Magazine | Title: SPECTATOR ROCK AND ROLL DEJA VU | 7/21/2008 | See Source »

...stuck on a boat off the coast of Maine. The merger talks were going nowhere that August afternoon when the two men decided to head back to shore, only to find that the anchor of Malone's 70-ft. sailboat had snagged an underwater power line. While divers spent two hours cutting the boat free, Smith and Malone had little choice but to continue trying to unsnarl the deal. ''We were lucky we weren't electrocuted,'' says Smith, who carries a blue poker chip in his pocket to remind him to pay attention to blue-chip opportunities. ''But it gave...

Author: /time Magazine | Title: WIRED! | 7/21/2008 | See Source »

...Iraq, which has been at war with Iran for six years. The diplomatic boot was part of the French government's attempt to improve relations with Iran in hopes of winning freedom for nine French hostages in Lebanon. The French expect that Iran's Ayatullah Ruhollah Khomeini, who spent four months of political exile in France in 1978-79, can wield influence over Lebanese Muslim extremists holding the nine. Earlier, the French government hinted that as part of a deal to free the hostages, it would be willing to negotiate the repayment of a $1 billion loan made...

Author: /time Magazine | Title: WORLD NOTES FRANCE COURTING FAVOR WITH KHOMEINI | 7/21/2008 | See Source »

...comfortable Milanese family, but at seven she had determined to be a ballerina. ''Because of this,'' she says, ''I always felt more mature than my little friends. A small part of me knew what I was about.'' At 15 she went to London's Royal Ballet School and spent her spare time wisely, watching Anthony Dowell rehearse. She was picked for the company at 17, but chafed at being in the corps. ''I never felt part of the whole, I hated to be in line.'' Spoken like a ballerina. Ferri's big break came when Sir Kenneth MacMillan cast...

Author: /time Magazine | Title: THREE WHO CAPTURE THE MAGIC New ballerinas from Italy, Russia and France are revelations | 7/21/2008 | See Source »

...SALT II limit. Exactly what are you going to do on SALT? Reagan was asked at his press conference. "We've got several months before we reach that point," Reagan answered, adding that he was waiting to see what the Soviets did on arms control. He and his advisers spent the next day trying to clarify his less than explicit remarks. "The SALT treaty no longer exists," said Speakes brusquely. Said a Soviet spokesman at a news conference in Washington: "Actual abandonment and withdrawal from the treaty will affect the entire situation in a most seriously negative...

Author: /time Magazine | Title: STAR WARS AT THE CROSSROADS | 7/21/2008 | See Source »

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