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...films. But in 2004 banks like Merrill Lynch, JPMorgan and Goldman Sachs found themselves with a glut of capital and no place to put it. Studios, meanwhile, were looking for a way to please their fiscally conservative corporate parents and share some risk. Some financial whizzes matched supply with demand and came up with a new way to bankroll films: institutional investors could take a portfolio approach to film financing and buy a stake in several of a studio's films, like a mutual fund of movies. The goal was to share in the typically 13%-18% annual rate...

Author: /time Magazine | Title: Financial Crisis Puts Squeeze on Hollywood | 9/18/2008 | See Source »

...community service at the Republican Convention; a litany of falsehoods, including the claim to have said "no thanks" to the Ketchikan "bridge to nowhere" and a host of discrepancies in her assertions about the investigation into abuses of power during her tenure as governor; her campaign's unprecedented demand for "deference" from a free press before answering questions - all paint a portrait of a woman who believes she has it all figured out. Scott Kenyon, Vienna, Virginia...

Author: /time Magazine | Title: Inbox | 9/18/2008 | See Source »

...that, however, we need to persuade plug-in owners to recharge at the right time - by pricing electricity cheaply late at night, when demand is low. If charging a plug-in battery costs 2 cents-per-mile after midnight, and many times that during the day, drivers will likely wait before plugging in. (If that pricing model sounds familiar, it should be - it's how long distance calling works.) But to make that system work, utilities will need to install smart meters in customers' homes capable of monitoring when cars are charging, and then to price the juice accordingly; smart...

Author: /time Magazine | Title: Is America Ready to Drive Electric? | 9/16/2008 | See Source »

...Asia's economies have held up quite well, but in recent weeks, economists have been scaling back their growth forecasts. Merrill Lynch last week cut its Asia GDP growth estimate to 7.7% from 7.9% for 2008, citing weak demand in industrialized economies for Asian exports. Though that's far from a recession, Merrill says that Asian growth is falling below the expected trend of about 8%. Asian policy makers have been limited in their efforts to stimulate growth because of rising inflation, which has forced most central banks to hike interest rates...

Author: /time Magazine | Title: Wall Street's Woes Hit Asian Markets | 9/16/2008 | See Source »

...commanding a wartime squadron during combat. However, as former NATO Supreme Allied Commander Wesley Clark recently pointed out, none of the current candidates can claim that experience. While valiant, Clark insisted on CBS’s Face the Nation, John McCain’s action in Vietnam did not demand the same type of “executive responsibility” that commanding a wartime squadron would have engendered. This is not to take anything away from McCain’s heroism; it is simply to say that experience is not the most pressing issue at stake when assessing...

Author: By Audrey J Kim | Title: A Pitbull by Any Other Name | 9/16/2008 | See Source »

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