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...capture a color image had to deal with heavy glass plates, tripods, long exposures and an exacting development procedure, all of which resulted in less than satisfactory pictures - dull, tinted images that were far from true to life. So while Kodak's discontinuation of the iconic color film will affect only the most devoted photo buffs - sales of Kodachrome account for less than 1% of the company's revenue - the June 22 announcement breaks one of the largest remaining ties to the era of pre-digital photography. It also ends a legacy that includes some of the most enduring images...

Author: /time Magazine | Title: Kodachrome | 6/23/2009 | See Source »

...including the Census Bureau, the Department of Housing and Urban Development, the Bureau of Labor Statistics and the Bureau of Economic Analysis. The report strives to be a resource for policymakers and private citizens looking to buy, sell or rent. It reviews affordability concerns, explains how housing continues to affect the economy and cites factors that could drive growth in the future...

Author: /time Magazine | Title: The State of the Nation's Housing | 6/23/2009 | See Source »

...housing challenges affect the overall economy: "[H]ome equity fell by $2.5 trillion in real terms in 2008 and nearly $5.9 trillion (or 43 percent) from the 2005 level. The loss of housing wealth caused consumers to curtail cash-out refinances and pull back on spending, knocking an additional 0.9 percentage point off economic growth last year, according to Moody's Economy.com."(Read "Four Steps to Ending the Foreclosure Crisis...

Author: /time Magazine | Title: The State of the Nation's Housing | 6/23/2009 | See Source »

...conventional literary center, governed by mainstream publishing - with its big names and fancy prizes and high-end art direction - and a new one where books rise to fame and prominence YouTube-style, in the rough and tumble of the great Web 2.0 mosh pit. The two centers will affect each other gravitationally and swap authors back and forth between them, but they're not likely to eat each other. With any luck, they'll energize each other...

Author: /time Magazine | Title: Is Amazon Taking Over the Book Business? | 6/22/2009 | See Source »

...airport on Friday night, I witnessed how national television can affect ordinary Iranians, especially in the absence of other sources of information. When I started a conversation with my driver, he returned to me, almost verbatim, parts of the leader's speech as well as news reports that I, too, had seen on state TV. He said the leader was right, that it was impossible to rig 11 million votes and that those creating the chaos were foreign agitators. "The students claim five were killed in a raid to their dormitories. They showed one of the students who they claimed...

Author: /time Magazine | Title: Forbidden Iran: How to Report When You're Banned | 6/22/2009 | See Source »

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