Ray (re your post of Feb 20, 11:33)
Time, as we are aware of it seems to proceed at different speeds depending on your frame of reference. (largely an accelerated frame relative to a stationary one) Both of those terms again are relative
Gravity may be viewed as an acceleration. Einstein's quote probably.
This means that the perception of time is different due to the mass of our particular frame of reference compared to another different one.
This results in the famous "Twins Paradox" in which one twin stays home and ages normally but the other one hops a rocket ship and undergoes accelerations for a long time and doesn't age relative to the homebody. When the travelling twin returns home (via the principle of instantainity) he is the same age but a couple of generations have passed on Earth.
(A happy result is several science fiction stories by Asimov, amongst others)
But this has been shown to happen
In one experiment two separate "atomic" clocks accurate to three parts in a trillion were separated vertically at the Empire State Building and were shown to run at different speeds.
In another experiment ("The Harvard Tower Experiment") the energy levels (and hence the frequency{color}) of a ray of light were shown to change in as little as seventy five feet vertical difference on Earth.
In another experiment two atomic clocks were separated. One on Earths surface and one in a fast high altitude airplane. When compared they were found to have run at different speeds during the trip.
According to relativity theories this will happen.
Another thing that happens is that the wave length of light changes due to our perception of time. The colors we see are the effect of a certain number of light waves striking our eyes per second. If we accelerate ourselves towards a light source the frequency that we see will be "blue shifted". We will see light waves closer together and more energetic than they were at emission. The opposite effect happens when we recede from the scource. At either end of the spectrum you end up with an "infinity".
So basically "time occurs at the speed of light" according to relativity theory. I have found that the speed of light or the speed of time seldom have a one to one relationship. However relativity theory teaches that the speed of light is constant. This implies that the speed of time must vary.
If you are further interested I suggest that you try the "Advanced Physics Forums" on the net.
Also click on the "Harvard Tower Experiment"
There also was a pretty good thread on A2K, Science and Mathematics, concerning "Black Holes". A black hole being a region where no light, energy, or matter due to the accelerations of gravity (or warped space) can be viewed from outside it. This is a place where naturally time (if it is a function of light or distance (spacetime) must stop.
Frankly my searching has mostly resulted in finding out a lot of things that time is not
Lotsa luck, Mech (I'm gonna be late to work
)