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...Smith published the results as a book called Common Stocks as Long Term Investments. It was a sensation. Smith--a businessman of no great distinction up to that point--launched a mutual-fund company on the strength of his sudden fame and got an invite from John Maynard Keynes to join the Royal Economic Society. His argument was that stocks would continue to beat bonds because they a) were less vulnerable to having their value eaten away by inflation and b) allowed investors to share in the growth of the U.S. economy in a way that bonds and other assets...

Author: /time Magazine | Title: Are Stocks Still Good for the Long Run? | 6/15/2009 | See Source »

...sudden fame was a lifetime away from the dark hours she and her mother had spent in a crowded lifeboat in the North Atlantic after the Titanic sank in 1912. Dean's 2-year-old brother was discovered aboard the rescue ship Carpathia, and the family--minus Dean's father, who drowned--returned safely to England. They were fortunate. Most of the children traveling in third class died...

Author: /time Magazine | Title: Millvina Dean | 6/15/2009 | See Source »

Berkshires Bounty. The white clapboard Gateways Inn in the Berkshires town of Lenox, Mass., was built as a summer home in 1912 and designed by Harley Procter of Procter & Gamble fame to resemble a bar of Ivory soap. Today, it's a lovely place to base a weekend getaway to the Berkshires - come here to hike around the waters of the Stockbridge Bowl, listen to the Boston Symphony at Tanglewood or tour The Mount, the home of Edith Wharton. The Gateways's innkeeper, Fabrizio Chiarello, keeps a collection of more than 200 single-malt whiskeys in the hotel's restaurant...

Author: /time Magazine | Title: Quintessential Summer: 8 Outdoor Getaways | 6/9/2009 | See Source »

...Central has ever aired. In March the network signed him to a massive series/special/DVD/book/tour deal. "I look at it like a very large aircraft taking off," says Dunham. "It takes a long runway to get anything significant up in the air." (See pictures of Susan Boyle's road to fame...

Author: /time Magazine | Title: The Puppet Master | 6/8/2009 | See Source »

...Europe Ecologie won 16.3%, and in so doing, staked a claim to a leadership role on the left in both France and the European Parliament. "Our first big action will be negotiating a [leftist] majority," proclaimed Europe Ecologie official Daniel Cohn-Bendit - the Franco-German ecologist who first gained fame as the iconic leader of radical students during France's May 1968 uprising before becoming a moving force in the European Parliament. "I have already spoken with the President of the European Socialist Party, Nyrup Rasmussen, to try to form a majority." - Bruce Crumley / Paris...

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

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