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...male stars are considered essential to a burly action film, but the actresses who support them are interchangeable, disposable, like blonds in Hef's mansion. From the early James Bond films 40 years ago to this summer, action franchises have relied on new faces and nubile bodies. "We're always looking for new leads," says producer Jerry Bruckheimer, who this summer has Bad Boys II with Gabrielle Union and Pirates of the Caribbean with Keira Knightley. "What happens is the Julia Robertses of the world usually are booked...

Author: /time Magazine | Title: Babes In Boyland | 7/14/2003 | See Source »

...black actress, Union, 29, harbors few illusions about the business. But she dares to dream of a rising tide. "We want what we saw with Halle Berry in the Bond film Die Another Day, where her character, Jinx, is being spun off into her own franchise. Like breeds like, and if that movie makes money, then a lot of us supporting women could get our own franchises...

Author: /time Magazine | Title: Babes In Boyland | 7/14/2003 | See Source »

...want to invest in the distressed, doing it through mutual funds will limit your risk. Among those seeking profit in turnarounds are junk-bond funds and such value funds as Longleaf Partners, Third Avenue Value Fund and Excelsior Value and Restructuring Fund. Or you can wait for the reorganized company to issue new common shares. Because by then the old ones will be dead fish...

Author: /time Magazine | Title: Money: Beware the Bargains | 7/14/2003 | See Source »

Chase hot investments, and you might get burned. Investors typically pour money in at the top--think tech stocks--and mutual-fund companies play along. Now it's bond funds. After three years of solid gains, some experts are calling the peak, yet investors, spooked by stock losses, are still piling in. They moved $63 billion into bond funds this year, a stark change from 2000, when they withdrew $50 billion. Fund companies follow the money, notes Standard & Poor's. While 14% of funds opened in 2000 were bond funds, they are 33% of new funds this year, says FundFiling.com...

Author: /time Magazine | Title: Money: Are Bond Funds Next To Tumble? | 7/14/2003 | See Source »

...small businesses received an unusual injunction from the IRS in June: Stop paying unnecessary taxes! Five years ago, the government repealed the alternative minimum tax (AMT) for small corporations, but thousands of them, confused by the law, have continued to pay. At the insistence of Senators Christopher Bond of Missouri and Olympia Snowe of Maine, the IRS is alerting businesses by mail. Those who have paid the AMT in error will have to file an amended return, Form 1120X, to get a refund. "These businesses will now have to spend even more money on tax accountants and attorneys instead...

Author: /time Magazine | Title: Inside Briefing | 7/14/2003 | See Source »

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