November 14, 2011 |
The prospects for a 2011-12 NBA season might have ended Monday. The 138th day of the NBA lockout failed to land a deal between players and owners, prompting Commissioner David Stern's ominous midday statement that the season was "now in jeopardy. " The players' union began the process of disbanding and filed a "disclaimer of interest" so it could soon deliver a more weighty document — an antitrust lawsuit against the NBA in which players could claim the league conspired to prevent them from marketing themselves and making a living.
October 26, 2011 |
One analyst called it the "nuclear winter scenario" for Netflix. Shares in the company plummeted 35% on Tuesday, the day after the streaming video and DVD rental service revealed it had lost 800,000 subscribers in the third quarter and projected far slower growth for the rest of the year and early 2012 than investors had expected. The consumer exodus came after a series of public gaffes over the last few months, including a surprise pricing change that raised some subscribers' fees by 60%, the impending loss of recently released movies from Sony Pictures and Walt Disney Pictures, and a hasty retreat from plans to separate its DVDs-by-mail business into a new brand called Qwikster.
September 22, 2002 |
On the surface, the house built by Bruce Francisco in Saranac, N.Y., looks like a modest mountain chalet, with a wraparound porch and a big sun room to take in the view. Then look at what lies below. A heavy steel door opens to stairs descending into a cool, silent habitat built within the cylindrical remains of a Cold War relic. Francisco and his cousin converted a former Atlas F missile silo site into a luxury home. Now they're trying to sell it on eBay.
October 22, 1998 |
Give peace a chance? In an NBA lockout marked by polarization and paranoia on both sides, the union took a small step away from the brink, renouncing decertification as a tactic--for the moment, of course, the lion and the lamb have yet to lie down together--in favor of returning to the bargaining table. "We don't think decertification is necessary at this point," Billy Hunter, director of the National Basketball Players Assn., said Wednesday after meeting with the agents' advisory committee.
November 9, 1997 |
Forgive the Thais if they seem a bit skeptical about their government's promise to clean up its financial act. They haven't forgotten Rakesh Saxena. More than a year after the Bangkok Bank of Commerce executive fled the country, accused of embezzling millions of dollars and saddling the bank with a staggering $3 billion in bad loans, he is ensconced in Vancouver, Canada, fighting his extradition to Thailand.
June 19, 1994
James B. Pollack, 55, luminary among the world's planetary scientists who helped formulate the theory of nuclear winter. Pollack discovered that Venus' clouds are made of sulfuric acid and his work led to the discovery that Saturn's rings are made of ice chunks. But he was best known for the nuclear winter theory. He, mentor Carl Sagan and three colleagues theorized that airborne soot from a nuclear war would block the sun's rays and drop temperatures below freezing worldwide.