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...press, as Wilson distributed press releases to newspapers across Southern California. By 1984, major newswires started running the story, and the official Golden Raspberry Awards ceremony was scheduled for the night before the Oscars. "When we moved it to the night before the Oscars it suddenly became this big deal," Wilson recalls. "Part of it is that you have all this press in town for the Oscars from all around the world, and the night before the show, they really have nothing else...

Author: /time Magazine | Title: The Razzies | 1/21/2009 | See Source »

...raging debate about the largest American banks is whether their stock market values should be zero. Economist Nouriel Roubini, the most highly paid pessimist in the world, recently said that U.S. banks are "insolvent" and credit crisis write-downs will total $3.6 trillion. That is a great deal more than has been taken as losses by financial firms to date...

Author: /time Magazine | Title: For US Banks, The Glass Is 1% Full | 1/21/2009 | See Source »

...country's mood affect the parade? Take Dwight Eisenhower. He was a military man with a no-nonsense personality, so it was a very conservative parade. Basically, he said, "Look, each state will be limited - one float, one band and one military unit, and that's it. No big deal." And it wasn't. The parade took just two hours...

Author: /time Magazine | Title: Inaugural Parade Announcer | 1/20/2009 | See Source »

...started this trend, with 1866's instantly forgettable Mr. Buchanan's Administration on the Eve of the Rebellion, a partial attempt to shift blame for the causes of the Civil War away from his administration. Later the 18th president, penniless and deathly ill in his final years, negotiated a deal with publisher Mark Twain to write the Personal Memoirs of Ulysses S. Grant, a two-volume set that is still considered one of the best presidential memoirs ever penned. In 1913, Theodore Roosevelt wrote another well-regarded tome (predictably, and straightforwardly, titled Theodore Roosevelt: An Autobiography). Harry Truman wrote...

Author: /time Magazine | Title: Presidential Second Acts | 1/20/2009 | See Source »

...interventions in Congo have a history not only of failure but also of sullying those who perpetrate them. In 1998 the war sucked at least six neighboring African countries into what quickly became a smash and grab for Congo's timber and minerals. The U.N. has also had to deal with a series of scandals concerning sex abuse and gun running by its soldiers. The Rwandan mission may be aimed at bringing peace. But they are not coming in peace, and in Congo that has always led to more war. See pictures of Congo on the brink...

Author: /time Magazine | Title: Rwandan Troops Enter Congo | 1/20/2009 | See Source »

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