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Here Come the PIGS Greece faces an immediate crisis. but there are fears that other weak euro-zone countries could follow. Portugal, Italy and Spain also have large untaxed economies and, like Greece, face huge budget deficits that have raised concerns...

Author: /time Magazine | Title: Taxing Times in Greece | 2/15/2010 | See Source »

...That's a question that applied to Khan too, but no longer. He has blurred the once sharp line dividing India's truly gifted actors from its movie stars. He is the one who can do it all: big-budget Bollywood films as well as small independent films in the U.S., Europe and India. Khan's specialty is adding a layer of unexpected depth and tenderness to an otherwise opaque character - the interrogator in Oscar winner Slumdog Millionaire, a Pakistani police captain in A Mighty Heart, the remote immigrant father in The Namesake. Danny Boyle, the British director of Slumdog...

Author: /time Magazine | Title: Keeping It Real | 2/15/2010 | See Source »

...retrieve it. The winners get a blessing on the spot; everyone else takes home some holy water for a trouble-free new year. Newly elected Greek Prime Minister George Papandreou attended ceremonies on the Aegean island of Lesbos this year, but with Greece sinking under debt and a huge budget deficit as fast as a priest's crucifix, Papandreou is going to need more than holy water to get through...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

Still, Greeks are bracing for the coming pain. With the economy already in recession, firms are trying to figure out how to survive until the crunch is over. Projects have been put on hold and credit is tight. Many are likely to lose their jobs, while budget cuts and tax hikes will further dampen the economy. "Everything is frozen," says financier Paul Papadopoulos. "It's a wait-and-see scenario." (See pictures of retailers which have gone out of business...

Author: /time Magazine | Title: Greek Tragedy: Athens' Financial Woes | 2/15/2010 | See Source »

...favor. The otherworldly Daybreakers and Legion have underperformed, as has Mel Gibson's comeback revenge vehicle Edge of Darkness. And although $30 million isn't a bad start for Benicio Del Toro as Wolfman, the picture will need long legs, here and abroad, to earn back its husky $125 budget. Only Sherlock Holmes ($204 million) and The Book of Eli (which will hit $100 million before it's finished) have capitalized on blood and fisticuffs. Indeed, depending on whether you count Avatar as a love story or a war epic (it's both), it's been three months since...

Author: /time Magazine | Title: Box Office Wrap: America Hearts Valentine's Day | 2/14/2010 | See Source »

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