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...bags containing the remains of American soldiers killed in Vietnam. For another thing, he "branded" his product as "Blue Magic," which was a purer and cheaper product that his competitors offered. Finally, Frank, who is played with a smooth coolness by Denzel Washington that eluded the more rough-hewn Edward G. Robinson and James Cagney, does not come to a tragic end. Eventually, he is turned by an almost comically obsessive cop named Richie Roberts (Russell Crowe), does some jail time and loses his fortune, but remains available to tell his story...

Author: /time Magazine | Title: American Gangster: Seductive Crime | 11/2/2007 | See Source »

...million-dollar view is also a reminder that these are boom times for women's magazines. "They are doing much better than the magazine business overall," says Edward Atorino, a managing director at Benchmark, a brokerage firm in New York City. "Everybody thinks the Internet is the only place where things are happening, but the women's magazine field is not getting the attention that it deserves." Ad revenues in Black's division, a unit of Hearst Corp., have tripled since she took over, soaring to $2.5 billion in 2006, from $841 million in 1996. The magazines are being...

Author: /time Magazine | Title: Turning the Pages at Hearst | 11/2/2007 | See Source »

Someone else took notice as well. No one has fought longer and harder for universal health coverage than Senator Edward Kennedy; he introduced a national health-insurance bill back in 1970. But he and the Governor were not exactly allies. Romney had challenged Kennedy for his Senate seat in 1994 in a nasty race. Reading the first outlines of Romney's plan in the Boston Globe, Kennedy decided the Republican Governor was serious about the issue, and he told his staff to reach out to Romney's advisers. Before long, Romney was in Kennedy's office in Washington, taking...

Author: /time Magazine | Title: Mitt Romney's Defining Moment | 11/2/2007 | See Source »

...which was exacerbated by the subsequent collapse of funds that contained mortgage-backed bonds. Jane B. Quinn, a contributing editor for Newsweek, and Floyd Norris, chief financial correspondent for The New York Times, were joined by Jeffrey A. Frankel, professor at the Kennedy School of Government, and economics professor Edward L. Glaeser. Quinn said it was nearly impossible for journalists to have predicted with certainty the extent of the global credit crunch. “You start getting into a slightly different area where even Wall Street didn’t know how to value [mortgage-backed bonds...

Author: By Athena Y. Jiang, CONTRIBUTING WRITER | Title: Panel Discusses Economy, Media | 11/2/2007 | See Source »

...Royal scandals have always proved good box office. The failing marriages of Charles and Diana and Andrew and Sarah in the 1990s boosted newsstand sales everywhere. The whole world was gripped by the 1936 abdication of Edward VIII after he decided to marry the American divorcé Wallis Simpson. However, the last known blackmail case involving a member of the royal family was successfully hushed up for many years. In 1891, the Duke of Clarence, son to King Edward VII, paid £ 200 to secure indiscreet letters he had sent to a prostitute. The case came to light only five...

Author: /time Magazine | Title: The Royal Blackmail Mystery | 10/29/2007 | See Source »

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