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...ghosts that haunt independence day celebrations, however, hail from the very end of the colonial era: At the governor's mansion, writers, intellectuals and other well-to-do Calcuttans watched footage on video screens displaying the traumatic communal violence that wracked the city when Britain partitioned India into the separate Hindu-majority and Muslim-majority states of India and Pakistan. The unmistakable figure of a frail, cotton-clad Mahatma Gandhi appeared throughout the video. India's founding father bitterly opposed partition, declaring famously, "Let it not be said that Gandhi was party to India's vivisection. Let posterity know what...

Author: /time Magazine | Title: Remembering Why Gandhi Starved Himself | 8/17/2007 | See Source »

...course, in an era of rampant product placement, there are worse things than persuading viewers to buy a less wasteful lightbulb by hanging one over Jack Bauer as he tortures a terrorist. The greatest challenge--for viewers as well as programmers--is not letting entertainment become a substitute for action; making and watching right-minded shows isn't enough in itself. The 2007 Emmy Awards, for a start, aims to be carbon neutral: solar power, biodiesel generators, hybrids for the stars, bikes for production assistants--though the Academy nixed Fox's idea to change the red carpet, no kidding...

Author: /time Magazine | Title: Green Screens | 8/16/2007 | See Source »

...closed in the social history of New York City: a great dame, the arbiter of New York society, died without leaving any successors. Brooke Astor, who passed away at age 105, was a combination of the Victorian age, with all its wit and elegance, and of the modern era, with its sharp-minded determination. She had taste, discernment, character, compassion, and was extraordinarily generous. She ran a great salon where the meek and the mighty met as equals. She had a profound respect for democracy and believed, as I do, that democracy and excellence are not mutually exclusive and that...

Author: /time Magazine | Title: Remembering the First Lady of New York | 8/15/2007 | See Source »

...Soon after came so-called derivatives, exceedingly complex investments that often trade based on the relationship between two or more underlying markets - mortgage-backed securities, say, and 10-year Treasurys. These products have been sold and resold literally the world over, and it's no surprise why: in an era of low inflation, low interest rates and strong economic growth, products tied to subprime mortgages offered higher returns than many other interest-bearing investments. For a good while, it seemed like easy money, and these investments spread throughout the global economy...

Author: /time Magazine | Title: Markets Rebound but Crisis Not Over | 8/13/2007 | See Source »

...Griffin, who died on Sunday at 82, was the welcoming, always enthusiastic showbiz uncle, who seemed to want everyone he brought on his show to become a star. He laughed at their jokes, gushed at their stories, joined them in songs. Like that other great TV natural of the era, Bob Barker, Griffin perfected an authentic, unironic, people-friendly manner that was seemingly impervious to the winds of change...

Author: /time Magazine | Title: Why We Loved Merv Griffin | 8/12/2007 | See Source »

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