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...spirited rivalry with fellow broadcasting giant CBS in the golden age of radio, NBC ruled the dial - a supremacy that sparked further antitrust investigations from the newly created Federal Communications Commission. In 1939 the FCC ordered RCA to spin off NBC entirely; RCA, in a successful effort to avoid this outcome, instead sold off the Blue Network in 1943. It would eventually become the American Broadcasting Company (now known...

Author: /time Magazine | Title: NBC | 12/4/2009 | See Source »

...other TV offerings had foundered: local affiliates were defecting to competitors CBS and ABC, which were proving deft at luring away younger audiences. The company was bought - again - by General Electric in 1986; the new owners quickly shed NBC's remaining radio operations in part to avoid (you guessed it) antitrust concerns...

Author: /time Magazine | Title: NBC | 12/4/2009 | See Source »

...even with a modification. Emily Jones, a manager at Neighborhood Housing Services in Boise, Idaho, says about half of all people who walk into her housing-counseling agency fall into that camp. "The goal isn't to keep the home in every situation," she says. "The goal is to avoid foreclosure, and in a lot of situations, it's not in the client's best interest to try to keep the home and only postpone the inevitable." (Read "FHA: Housing's Safety Net Begins to Fray...

Author: /time Magazine | Title: Why the Loan-Modification Program Isn't Working | 12/4/2009 | See Source »

...fact, one of the curious things about the current vampire craze is how the more unsavory aspects of the vampire lifestyle have been almost completely eliminated. To avoid the nasty business of murdering people, for instance, Edward Cullen and his model-perfect vampire family feed on animal blood, while the more conscientious “True Blood” vampires opt for a synthetic blood substitute. They get to sleep in comfy beds instead of coffins and don’t have issues with silly things like garlic or silver crosses. Sunshine slightly inconveniences the Cullens?...

Author: By Adrienne Y. Lee | Title: Raising the Stakes | 12/4/2009 | See Source »

...renewal of popular research and development and other soon-to-expire business tax breaks and a permanent elimination of the estate tax, among a long wish list of tax provisions. The AFL-CIO, the nation's largest umbrella union, would like to see aid to struggling states to help avoid layoffs of teachers, police and public employees and upwards of $500 billion more in targeted infrastructure and green-jobs investment. It proposes paying for this by instituting a stock transaction surcharge of 0.25% per trade - a move vehemently opposed by Wall Street, business groups, House Speaker Nancy Pelosi...

Author: /time Magazine | Title: Congress Looks Toward a Jobs Stimulus | 12/3/2009 | See Source »

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