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...Morgan has taken a different road out of the financial crisis than its closest rival, Goldman Sachs. In the past year, Goldman has dramatically ramped up its trading desk. That move has led to big profits in the past year but the firm has also opened itself up to bigger losses should its traders get things wrong. Based on its trading activity now, Goldman says it could lose as much as $250 million in a day should its bets go wrong, up 30% from a year ago. What's more, even though Goldman has become a bank holding company, like...

Author: /time Magazine | Title: How the Financial Crisis Reshaped Morgan Stanley | 9/22/2009 | See Source »

...deadliest threat to the Observer has never been the Sunday Times. Much closer to home, the Guardian, the Observer's stablemate and an internationally renowned avatar of the liberal media tradition, was always a bigger challenge. Both papers are run by the Guardian Media Group (GMG), itself owned by the Scott Trust, which was set up in 1936 to "secure the financial and editorial independence of the Guardian in perpetuity: as a quality national newspaper without party affiliation." Those noble aims were never extended to the Observer after it joined the GMG stable 16 years ago. As executives considered...

Author: /time Magazine | Title: After 208 Years, Is Britain's Observer Near the End? | 9/22/2009 | See Source »

...what you might call its presiding deity (a massive, 600-ton JumboTron hovering 90 ft. above the field), you can't help suspecting that a good part of his vision is to make the stadium experience even more like the home experience - centered on television, food and drink - but bigger. Much, much bigger. So at 3 million sq. ft., the Cowboys' new home in Arlington, Texas, is three times the size of Texas Stadium, where they used to play. At a cost of $1.2 billion, it's also the priciest stadium in the NFL - but only until next year, when...

Author: /time Magazine | Title: Inside the New Dallas Cowboys Stadium | 9/21/2009 | See Source »

...authorities are worried that they are not seeing the bigger picture. Typically, getting cooperation from witnesses has proved difficult for police because many are on their way to work or school when the incidents occur and don't want to be late. There has also been a degree of resistance among victims, as false accusations in Japan can ruin reputations on both sides. Police are concerned that many women choose to withstand the abuse rather than report it, especially as molesters' tactics have become more organized and harder to detect. If this trend continues, "it could degrade the environment...

Author: /time Magazine | Title: Tokyo Cracks Down on Train Groping, Again | 9/18/2009 | See Source »

...Extreme talk, especially as practiced by a genuine talent like Beck, squeezes maximum profit from a relatively small, deeply invested audience, selling essentially the same product in multiple forms. The more the host is criticized, the more committed the original audience becomes. And the more committed the audience, the bigger target it presents to the rant industry on the other side of the spectrum. A liberal group called Color of Change has organized an advertiser boycott of Beck's TV show - great publicity for the group and a boon to Beck's ratings...

Author: /time Magazine | Title: Mad Man: Is Glenn Beck Bad for America? | 9/17/2009 | See Source »

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