In Brief: Jan. 1, 2000

E-SCAM SLAM Government agencies have taken action against some 600 Internet outfits, alleging that many are pyramid schemes posing as marketing companies, which require hefty investments from participants. Last month the FTC asked a judge to shut down 2Xtreme, which persuaded some 60,000 recruits to buy expensive marketing kits for New Age products. Their earnings were tied to developing "downlines," i.e., new recruits. For more info, visit

BREEDING GROUND Where are the best places to start a company? The West and Southeast, says a study of entrepreneurial hot spots. Major airports and universities are big draws; a "nice"...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!