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Having trouble getting credit in these trying economic times? Don't feel bad, so is Steven Spielberg. His DreamWorks SKG is waiting for a $500-million deal with Indian entertainment conglomerate Reliance to close. It would allow the company behind movies like Tropic Thunder and Transformers to abandon an unhappy partnership with Viacom's Paramount Pictures and produce six films a year at another studio. The hitch keeping DreamWorks and Reliance from sealing the deal is the challenge of raising an additional several hundred million dollars in debt financing at a time when Wall Street is feeling pretty stingy about...

Author: /time Magazine | Title: Financial Crisis Puts Squeeze on Hollywood | 9/18/2008 | See Source »

...Washington Drill, Baby, Drill The U.S. House of Representatives passed a bill that would allow offshore drilling as close as 50 miles (80 km) from land but would curb tax benefits for oil companies and mandate greater use of renewable energy. Democrats, who for more than two decades have opposed coastal drilling, lauded the effort as a logical compromise, but Republicans dismissed it as a political gimmick unlikely to pass the Senate before the upcoming recess...

Author: /time Magazine | Title: The World | 9/18/2008 | See Source »

...This ruling will restore the quiet and the clean air in Yellowstone for everyone to enjoy.' AMY MCNAMARA, director of the Greater Yellowstone Coalition, after a federal judge rejected a plan to allow more than 500 snowmobiles a day into the national park...

Author: /time Magazine | Title: Verbatim | 9/18/2008 | See Source »

...hate to say blanket statements about liberals or conservatives, but I wish that people who were so fanatical about abortion would apply their same principles to people who are already alive in the world. Sarah Palin is a creationist and that’s frightening because if we allow that type of a person to be in a position to start making decisions about what is taught to kids in school, I think the results can ultimately be kind of disastrous for our country...

Author: By Frances Jin, CRIMSON STAFF WRITER | Title: 15 Q’s with Mike Einziger | 9/17/2008 | See Source »

...beneficial. The same poll found that a slight majority of Americans saw immigrants as an economic threat. Despite public imagination on the subject, immigration is far from an economic threat. In fact, immigrants are tremendously beneficial to the American economy in several ways. For one, the influx of immigrants allows America’s population to grow faster than that of other industrialized nations. This growth ensures a large supply of workers to keep Social Security solvent and the economy growing. Without immigrants, the United States would be in the same position as Japan, Italy, and Russia, whose populations...

Author: By Anthony P. Dedousis | Title: The Bitter Taste of Bigotry | 9/16/2008 | See Source »

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