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...that all his pictures are blockbusters. Since The Perfect Storm in 2000, only his Ocean's (Eleven, Twelve, Thirteen) capers have topped $100 million at the domestic box office. But at 48, Clooney--handsome and affable, with a wit that can deftly cut as it charms--is surely the modern idea and ideal of stardom. Whereas other celebrities seem tortured by the public attention their work earns them, he positively bathes in it. Remember what Mel Brooks as Louis XVI proclaimed in History of the World, Part I? "It's good to be the King." Clooney must think...

Author: /time Magazine | Title: Clooneypalooza: A Star Is Airborne | 11/23/2009 | See Source »

...made $30 million with this kind of fan base." That led to some improvising. In the book, the crucial scene between Bella and Edward in the school parking lot happens on a snow day, but snow is expensive. "So the snow became the rain. And then I had to cut the rain out and show that it had rained with some fake patches of plastic...

Author: /time Magazine | Title: It's Twilight in America: The Vampire Saga | 11/23/2009 | See Source »

...agreements; he just inked a deal to let a group in Sweden remix Fatso's signature ditty. But the bulk of the money comes from YouTube. In July, Schmidt snagged an invite to the YouTube partner program, which overlays hit videos with related ads and gives the originator a cut of the revenue...

Author: /time Magazine | Title: YouTube Effect: Making Money from Viral Videos | 11/23/2009 | See Source »

Hardest hit: makers of small, light and midsize jets, such as Cessna Aircraft Co. and Hawker Beechcraft. Cessna, the largest company in the category, has halved its workforce of 16,000 this year because projected 2009 deliveries were cut almost in half, to 275. "I don't think the market will bottom out until the middle of next year," projects Jack Pelton, Cessna's CEO. "Then we will slowly crawl out of this predicament when corporate earnings improve in 2011." The demonization of corporate jets by Congress, prompted initially by the CEOs of the Detroit automakers, has helped kill thousands...

Author: /time Magazine | Title: A Turboprop Built for Trouble | 11/23/2009 | See Source »

...Furthermore, long-term growth is propelled by productivity gains, not by consumer spending. From this standpoint, the outlook for stocks is even more promising. Companies have rigorously cut costs and positioned themselves for a rapid rise in earnings once top-line growth resumes. Annualized productivity growth in the second and third quarters of 2009 averaged 8.2%, the highest six-month average in 40 years and unprecedented for an economy just emerging from a severe recession. Indeed, third-quarter profits, now being reported, are running well ahead of estimates...

Author: /time Magazine | Title: Why Stocks Still Rock | 11/23/2009 | See Source »

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