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...family's got an entire entertainment and leisure budget," says Michael Pachter, an analyst who tracks video games at the securities firm Wedbush Morgan. "You're going to see a shift from high-cost forms of entertainment to low." Parents may cancel a Christmas ski trip that would cost about $40 per hour, the logic goes, and instead spring for Nintendo's Wii Fit so the family can do some virtual skiing through the long, cold winter at a cost of $1 per hour...

Author: /time Magazine | Title: How Will Recession Affect the Entertainment Biz? | 10/24/2008 | See Source »

...annals of U.S. espionage, there are few groups more secretive than the National Security Agency (NSA), the covert Defense Department organization that illegally tapped the phones of U.S. citizens in the frenzied, fearful wake of Sept. 11, 2001. In his third book on the agency, Bamford, a former Navy analyst, catalogs the humiliating blunders that allowed the hijackers into the country and the subsequent failure to locate them--despite the fact that at one point, they were listed in the phone book. The 9/11 attacks, he argues, put enormous pressure on the NSA to "turn its massive ears inward." Armed...

Author: /time Magazine | Title: The Shadow Factory | 10/23/2008 | See Source »

...deliberate strategy of giving away information to any government entity that wants it. Those sorts of relationships build credibility, and besides, RealtyTrac's business model isn't selling data; it's selling addresses of foreclosures to real estate agents, investors and home buyers. When J.D. Bondurant, a research analyst at the Virginia Housing Development Authority, was given the job of understanding which parts of the state were being hit hardest by foreclosure, he called First American CoreLogic, a highly regarded data aggregator that covers 3,000 counties in-depth and counts lenders, investors and ratings agencies among its clients...

Author: /time Magazine | Title: House Hunters | 10/23/2008 | See Source »

...reserves of 29 billion bbl.) And it could render the embargo an even more ineffective means of dislodging the aging Castro brothers, Fidel and current President Raúl. "If it really is 20 billion, then it's a game changer," says Jonathan Benjamin-Alvarado, a Cuba oil analyst at the University of Nebraska-Omaha. "It provides a lot more justification for changing elements of the embargo, just as we did when we allowed agricultural and medical sales to Cuba" a decade...

Author: /time Magazine | Title: How Cuba's Oil Find Could Change the US Embargo | 10/23/2008 | See Source »

First, you seem to have forgotten D. Zachary Tanjeloff ’08, avid entrepreneur and party-thrower, whose name is locally, nationally, and globally recognizable. Another alumnus that should surely be included is Eugene M. Plotkin ’00, a research analyst for Goldman Sachs who was savvy enough to make $6.7 million before a judge sentenced him to 57 months in prison for something silly like “insider trading.” It would also be preposterous to skip Frederick H. Gwynne ’51, forever known to audiences everywhere as Herman Munster...

Author: By Stephanie M Bucklin, CONTRIBUTING WRITER | Title: FM Presents: An Open Letter to 01238 Magazine | 10/22/2008 | See Source »

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