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...drugs were a massive success. In 1987 analysts predicted Prozac could earn its parent, Eli Lilly & Co., up to $175 million a year by 1990. It blew past that target in 1989, earning $350 million - more than had been spent annually on all antidepressants put together just two years previously. By 1990, Prozac was the country's most prescribed antidepressant, with 650,000 scrips written or renewed each month. Annual sales soon topped $1 billion...

Author: /time Magazine | Title: Antidepressants | 1/7/2010 | See Source »

...maybe cash becomes the best asset class of 2010? I'm not being wishy-washy here, but cash doesn't earn anything. There's the Will Rogers quote about being more concerned about the return of your money, but you also have to be concerned about the return on your money, and there's nothing [being paid] by cash and Treasury bills. At Pimco we would probably try and substitute for our Treasuries with sovereign bonds of potentially higher quality. Germany looks interesting to us. Germany has problems, but it's in a much better budget situation than...

Author: /time Magazine | Title: Pimco's Bill Gross Sees 2010 as Year of Reckoning | 1/5/2010 | See Source »

...early summer, Transformers 2 steamrollered all competition on its way to becoming only the ninth movie in history to earn $400 million at the domestic box office. Then, as if not just in response but rebuttal to this mass-produced entertainment, came Avatar, the James Cameron sci-fi spectacular that has earned $350 million in its first 2½ weeks and, in about the same time, should overtake the Transformers sequel. It has already passed the billion-dollar mark at the worldwide box office (Transformers 2 topped out at $800 million), quickly becoming the fourth highest-grossing all-timer after...

Author: /time Magazine | Title: Box Office 2009: A Very Good Year | 1/4/2010 | See Source »

...which were the big losers? Expensive duds are harder to calibrate; for example, a film may disappoint Stateside and be a hit abroad. Still, it's a Hollywood rule that movies with $100 million-plus budgets should at least earn as much at the domestic box office as they cost to produce. If they didn't in 2009, they made our top-of-the-flops list. The underperforming nine: Terminator Salvation, Disney's A Christmas Carol, G.I. Joe, Angels & Demons, Watchmen, The Taking of Pelham 1 2 3, Public Enemies, Land of the Lost and Where the Wild Things...

Author: /time Magazine | Title: Box Office 2009: A Very Good Year | 1/4/2010 | See Source »

Unfortunately for the Harvard All-American, his quarterfinal bout featured eventual champion John Dergo of Illinois, who not only bested Caputo, 6-3, but also went on to top the No. 1 and No. 2 seeds in his weight class to earn first...

Author: By Max N. Brondfield, CRIMSON STAFF WRITER | Title: Caputo Returns in Midland Championships | 1/1/2010 | See Source »

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