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...other words, creative capitalism is already under way. But we can do much more. Governments can create more incentives like the FDA voucher. We can expand the report-card idea beyond the pharmaceutical industry and make sure the rankings get publicity so companies get credit for doing good work. Consumers can reward companies that do their part by buying their products. Employees can ask how their employers are contributing. If more companies follow the lead of the most creative organizations in their industry, they will make a huge impact on some of the world's worst problems...

Author: /time Magazine | Title: Making Capitalism More Creative | 7/31/2008 | See Source »

...Other filmmakers can apply to the FDC for partial funding and, to its credit, four projects, including those of first-time directors, have received awards since February. But funds are modestly capped at just over $460,000 per film. To get a sense of the competition facing industry entrants, one only needs to compare this level of financing to that of the Chinese-language film dominating the city's movie houses this season - John Woo's Chinese historical drama Red Cliff, which with its estimated $80 million budget is Asia's most expensive movie to date. The trend for increasingly...

Author: /time Magazine | Title: The China Syndrome | 7/31/2008 | See Source »

...Indian Mujahideen has claimed credit for two previous attacks: blasts in the tourist hub of Jaipur in May, which killed 63 people; and bombings in the northern cities of Varanasi, Faizabad and Lucknow last November, which killed 16. Their attacks follow a similar pattern: numerous crude bombs timed to go off in sequence in bus stations, temples and markets. The latest attacks used explosives delivered in the most mundane possible ways - on bicycles left casually near a fruit stand, or in a stainless-steel tiffin carrier, the ubiquitous lunchbox of Indian commuters, left under the seat...

Author: /time Magazine | Title: Domestic Violence | 7/31/2008 | See Source »

...Broadway revues--"the bright impudence of The Grand Street Follies and The Garrick Gaieties.") The score by Galt MacDermot--a musician who was nearing 40, loved jazz and favored suits and ties, the straight man out in this band of hippie-artists--is more experimental than it usually gets credit for. In addition to the familiar anthems (Aquarius, Let the Sun Shine In), many of the songs are mere snippets, hewing to few of the traditional rules of show-tune writing. In several, characters simply rattle off lists--of forbidden sexual practices or illicit drugs or symbols of middle-class...

Author: /time Magazine | Title: A New Dawn for Hair | 7/31/2008 | See Source »

...that while the Bill & Melinda Gates Foundation was busy saving lives from malaria, Africans continued to die of other causes. A more serious left-wing argument is that important social goals shouldn't have to rely on the charity of some corporation. While Gates sees what he calls "recognition"--credit for doing good--as a healthy incentive for corporations to behave well, others see the same phenomenon as propaganda and are not impressed. There is something deeply wrong with a system that allows extremes of inequality, these people believe, and creative capitalism is just a way for the corporate...

Author: /time Magazine | Title: The Audacity of Bill Gates | 7/31/2008 | See Source »

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