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COVER STORY
The Top 25 Managers These execs had what it took in what turned out to be a tough year. Plus: The Top Entrepreneurs; The Top Regulators; The Losers and Dot-Conned; and Managers to Watch in 2001
COVER IMAGE: The Top 25 Managers of the Year

SPECIAL REPORT
Industry Outlook 2001
Companies will be competing more fiercely than ever for fewer dollars -- and the expansion looks more vulnerable. A preview for 21 key industry sectors

UP FRONT
Talk Show
Is Challenger Math-Challenged?
A Rich Deal for Fast Company
TABLE: Plush Rides, Gritty Race
Cupid Logs into the New Year

READERS REPORT
What Companies Expect from Their CEOs
AT&T Is Paving the Broadband Highway
OSHA's Approach: Government Knows Best
What the Big City Papers Are Up Against
The Clear Voice of Small Business
The Uphill Battle against Global Warming

CORRECTIONS & CLARIFICATIONS
''Curing an industry's ills'' (e.biz, Dec. 11, 2000)
''Microsoft's little bro''' (Information Technology, Dec. 11, 2000)
''Workers of the world: Welcome'' (Government, Nov. 20, 2000)

BOOKS
Bringing the City Back to Life
PHOTO: Cover, ''Comeback Cities''

TECHNOLOGY & YOU
Information All Over Your House

ECONOMIC VIEWPOINT
It's Time for NAFTA to Look Farther South

ECONOMIC TRENDS
E-Commerce: The Buyer Wins
CHART: As Internet Use Grew, Insurance Costs Fell
What's Boosting Health Costs
CHART: Healthy Hikes for Health Services
On Wall Street, Green Is Golden

BUSINESS OUTLOOK
U.S.: Are We Talking Ourselves into a Recession?
CHART: Demand Is Slower but Still Rising
CHART: Manufacturing Is Looking Soft
CHART: Cars Are Pumping Up Retail Inventories
Spain: The Running of the Bulls May Be Slowing
CHART: Output Has Flattened Out

NEWS: ANALYSIS & COMMENTARY
California's Power Failure
TABLE: How California Short-Circuited
TABLE: What's Being Done to Fix the Mess
Mauled at the Mall
CHART: Shoppers Grow Skittish...and Growth Is Slowing...But Retailers Keep Building
Amazon and Yahoo: All That Glitters...
Commentary: Who Will Watch AOL's Watchdog?
Bush vs. McCain, Round Two
TABLE: John McCain's Agenda
Commentary: Give ''Fair Disclosure'' Time to Work
This HMO Needs Resuscitating
CHART: That Sinking Feeling
Prilosec Time Is Just About Up
CHART: Drug Dilemma

IN BUSINESS THIS WEEK
William Larson: I-Way Fatality
A Withdrawal from Reimported Drugs
Milk Is Also the Real Thing
VISX Refocuses Expectations
Organic Food Is Now Easier to Spot
Microsoft Makes a Software Purchase
Et Cetera...
Positive Charge
CHART: Williams Cos. Stock Price

WASHINGTON OUTLOOK
Why Business Might Torpedo New Free-Trade Deals
Smoking Out Thompson
Sacagawea Stumbles
No Pardon for Milken?

INTERNATIONAL BUSINESS
The Euro: Back from the Depths
CHART: The Euro Is on a Tear...As U.S. Growth Slows...and Bond Yields Converge
Terra Lycos: Mano a Mano with Yahoo?
CHART: Terra Lycos Heads Back to Earth
Pollution: Digging Up Trouble in Japan
TABLE: Black Spots
Enron Switches Signals in India
TABLE: Try, Try Again

BUSINESSWEEK INVESTOR
Houses Aren't Just for Couples
TABLE: Shelter and Singles

BW INVESTOR -- INSIDE WALL STREET
A Go for ''Stop''
CHART: High Hopes for a New Product
Will Smart & Final Get Swallowed?
CHART: Not Showing Much Zest Yet
Learning Fast at Saba Software
CHART: Tarred with the Tech Brush

FIGURES OF THE WEEK
Figures of the Week (.pdf)
The Week Ahead
Production Index Components

EDITORIALS
A Look Back, a Look Ahead

INTERNATIONAL -- TO OUR READERS
Managers for the New Millennium (int'l edition)

INTERNATIONAL -- SPOTLIGHT ON CAMBODIA
Banking on Poor Borrowers...While Many Banks Face the Abyss (int'l edition)
MAP: Cambodia

INTERNATIONAL -- INDUSTRIAL MONITOR
A New Recipe May Make Titanium Less Pricey (int'l edition)
Cotton Sprouts in the Petri Dish (int'l edition)
Tracking Corn, from the Silo to the Taco Shell (int'l edition)
Innovations (int'l edition)

INTERNATIONAL -- READERS REPORT
The Perils Ahead for Argentina (int'l edition)
There's Just One E-Mail System at Nestle (int'l edition)
Taiwan's Banks Are in Fine Shape, Thanks (int'l edition)
What Do Companies Expect from Their CEOs? (int'l edition)

INTERNATIONAL -- ASIAN BUSINESS
Pollution: Digging Up Trouble in Japan (int'l edition)
TABLE: Black Spots
The Yank Who Pulled BHP out of the Shaft (int'l edition)
CHART: Upward Bound

INTERNATIONAL -- EUROPEAN BUSINESS
France Telecom's $53 Billion Burden (int'l edition)
TABLE: CEO Bon's Shopping List
Commentary: The Neuer Markt Needs a Watchdog with Teeth (int'l edition)

INTERNATIONAL -- INT'L FIGURES OF THE WEEK
International Figures of the Week (.pdf) (int'l edition)
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Cover Design by Kandy Littrell; Cover Photographs by (Clockwise from Top Left) Alan Levenson, Garry Gropp, Dan Bryant Photographers

ISSUES DATED
December 25, 2000/ January 1, 2001
Where to Invest
December 18, 2000
The Tech Slump
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