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These roots are sunk deep in two soils: a love for independent film and a lack of money. The festival, then called the U.S. Film Festival, began in Salt Lake City in 1978 as a way for founders Sterling Van Wagenen, John Earle and Cirina Hampton Catania to attract more filmmakers to Utah. Redford was its first board chairman. The inaugural event focused on retrospectives of classic American films, with a few awards given to new works. It was moderately successful, with long lines for screenings and a few high-profile panelists like actress Cicely Tyson, but the organizers were...

Author: /time Magazine | Title: Sundance Film Festival | 1/27/2010 | See Source »

...hands of strong managers. Detroit presents a very different situation. The tax base is nearly gone. Poverty and unemployment are far more pervasive than in most other major American cities. Many adults lack the basic skills necessary to qualify for the high-tech jobs officials are desperately trying to attract to Michigan, which has the U.S.'s highest unemployment rate. Home values, on which property-tax revenues are based, have plunged to pennies on the dollar. Over the past decade, the Detroit schools weren't merely mismanaged. They were abandoned. (See pictures of Detroit's beautiful, horrible decline...

Author: /time Magazine | Title: Can Robert Bobb Fix Detroit's Public Schools? | 1/25/2010 | See Source »

...Nice congregation isn't planning to rejoin the Russian church anytime soon. In fact, Gueit says the congregation wants to stake out an independent, pan-Orthodox position by breaking with the Constantinople Patriarchate too. He hopes to then attract other congregations to his nonaligned movement - whether he has a cathedral to use as his base...

Author: /time Magazine | Title: Why Russia Wants Its Orthodox Churches Back | 1/24/2010 | See Source »

...certain stocks within an index, while others may aggressively manage the portfolio every day, all of which could affect fees. Before buying, experts advise scrutinizing the active ETF's fee structure and to check the fee frequently - since fund companies may offer a low fee up front to attract investors, then raise it later...

Author: /time Magazine | Title: Exchange-Traded Funds: The Hidden Risks | 1/22/2010 | See Source »

...fact that Obama is now calling for even tougher measures may make it even tougher to attract votes from Republicans or finance-friendly Democrats like Tim Johnson of South Dakota, where Citigroup (like most card issuers) has chartered its credit-card division. But Republicans haven't shown much inclination to cast votes to help Obama get anything done. And even if there were still 60 Democrats in the Senate, the health care saga demonstrated the difficulty of keeping them all on board without watering down the legislation, infuriating the party's base and ultimately disgusting the electorate through extended exposure...

Author: /time Magazine | Title: Can Obama Profit from a Wall Street Crackdown? | 1/22/2010 | See Source »

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