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Justin Fox devotes a page to the success of Goldman Sachs and JPMorgan Chase and attributes that success to their being better at what they do than their rivals are [Aug. 3]. Yet nowhere does Fox explain what they do or how they contribute to the economic well-being of this nation. Is that because the constant cycle of consolidations and spin-offs does nothing but assuage the egos of CEOs and enrich the executives and employees of those two firms? Christopher Kane, GRASS VALLEY, CALIF...

Author: /time Magazine | Title: Inbox | 8/17/2009 | See Source »

...Perhaps the “aughts” are the ’80s for the Padres and they’ll be turning the ship around in the teens. They certainly have the young talent to do that. Guys like Adrian Gonzalez, Kevin Kouzmanoff, and Chase Headley provide some pop in the lineup, assuming the Padres can hold onto them. Tony Gwynn, Jr. sure is a chip off the old block, maintaining a formidable average, but only boasting one homerun. The pitching needs a boost, especially with Jake Peavy gone, but Ivy-grad Chris Young is a class...

Author: By Dixon McPhillips | Title: A FAN FOR SALE FINALE: This Fan is Sold | 8/12/2009 | See Source »

...Hughes generated successful movie-comedy franchises as fast as other people wrote postcards. First the National Lampoon's Vacation films, with Chevy Chase as the harried nincompoop dad on some disastrous trip with his family. Then the teen movies, not strictly a series but with more or less the same rep company of kids. And then the blockbuster Home Alone, about an 8-year-old boy (played by Macaulay Culkin) stranded solo at Christmas, and its two sequels. Note that the protagonists of these films kept getting younger; Hughes was writing his emotional autobiography backward, like a sitcom Benjamin Button...

Author: /time Magazine | Title: John Hughes, Chronicler of '80s Teens, Dies | 8/7/2009 | See Source »

...unrest," Hamid Resaee, a conservative lawmaker, told the state news agency IRNA. "There is no longer any reason to tolerate or compromise." Hard-line cleric Elias Naderan was even more explicit: "Those within the inner circle who managed the unrest must be put on trial. We shouldn't chase after weak, second-class figures with no influence...

Author: /time Magazine | Title: Iran's Show Trials: The Hard-Liners Build Their Case | 8/3/2009 | See Source »

...Well, cold cash money doesn't seem to be doing the trick too well either. On Tuesday, July 28, executives from firms such as Citigroup, JPMorgan Chase and Wells Fargo were invited to a meeting at the Treasury Department for a little pep talk about increasing the number of loan modifications. Officials at Treasury, along with the Department of Housing and Urban Development (HUD; co-host of the head-knocking session), have been underwhelmed by the rewrites. The government's original goal was to get more-affordable monthly payments to 3 million to 4 million borrowers. As of mid-July...

Author: /time Magazine | Title: Why the Banks Aren't Modifying Home Loans | 7/30/2009 | See Source »

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