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...business of having online sites with content created by amateurs to be viewed by other amateurs never had a reasonable chance of making money. The fact that at one point Facebook had a $15 billion valuation, that Rupert Murdoch's News Corp (NWS) bought MySpace, and that Google (GOOG) bought YouTube only proves the "greater fool" theory...

Author: /time Magazine | Title: Facebook Takes a Dive: Why Social Networks Are Bad Businesses | 4/1/2009 | See Source »

...stop for celebs like Chloë Sevigny, Keira Knightley and Kirsten Dunst. In New York City, Green and his team of 17 designers plan to stock the 25,000-sq.-ft. retail space with 200 to 300 new styles every two weeks. That's a superspeedy rotation given the fact that most U.S. fast-fashion companies restock on a six- to 10-week schedule, while European competitors like H&M and Zara average three weeks...

Author: /time Magazine | Title: Look Out, H&M. Britain's Topshop Invades New York | 4/1/2009 | See Source »

...jockeying around these amendments in the Senate - which are nonbinding, like the overall budget plan - speaks to how intense the energy-reform maneuvering is already. The fact that the amendments - several more of which are in the pipeline - are coming through the Senate shows the impatience of members of the upper chamber, since the Senate will most likely wait for the House to act rather than draft its own bill. And there remain many holes to be filled in the House bill. The Waxman-Markey bill, for instance, doesn't tackle nuclear power, a key issue for Republicans...

Author: /time Magazine | Title: Congress Launches Opening Gambits on Global Warming | 4/1/2009 | See Source »

...opened a 30-acre site at Bow Creek in 1846, bashing out ships for much of Europe. Eager for jobs, workers from all over the country poured in. The seasonal or casual work on offer meant few could afford comfortable places to live, though; landlords, well aware of the fact, threw up cheap housing without toilets, bathrooms and oftentimes drinking water. The over-crowding and disease appalled visitors. Behind one row of houses, Charles Dickens noted "a cesspool, bubbling and seething with the constant rise of the foul products of decomposition." The grubby, "consumptive-looking ducks" swimming upon...

Author: /time Magazine | Title: G-20 Site: 'A Cesspool, Bubbling with the Foul Products of Decomposition' | 4/1/2009 | See Source »

...fact is that most Israelis care less about peace with the Palestinians than they do about the failing economy and the perceived nuclear threat from Iran, and the election results show that they see "Bibi" as stronger on both counts...

Author: /time Magazine | Title: Israel's New Leader: Can the U.S. Work with Netanyahu? | 4/1/2009 | See Source »

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