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...could be a Transformers-size hit, or it could be another The Golden Compass, the first episode of the His Dark Materials novels; that film cost $180 million and helped drive New Line Cinema out of business. Who knows? Nearly 30 years ago, director Robert Benton mused on a famous flop of the day. "When Steven Spielberg made 1941," Benton said, "he probably thought there...

Author: /time Magazine | Title: G.I. Joe: The Rise of Cobra: Straight to Self-Parody | 8/7/2009 | See Source »

...Return to the Old City and wander round the Jewish quarter, then smoke shisha at the Al Noufara Café, tel: (963-11) 943 9535, or go to Bakdash, tel: (963-11) 221 2870, and try Syria's most famous ice cream. In the evening, dine at Naranj, tel: (963-11) 541 3444, one of Damascus' most sophisticated eateries. Feel like an Ottoman prince as you savor the tastes of a city you already want to return...

Author: /time Magazine | Title: How to Do Damascus | 8/6/2009 | See Source »

...West Berlin. As the bands played, the East Berlin crowds chanted "Gorby, Gorby" and "Down with the Wall," until they were silenced by East German security forces who beat them with batons and made scores of arrests. A short time later, U.S. President Ronald Reagan gave his now famous speech at the Brandenburg Gate, calling on Gorbachev to "tear down this wall." (See the top 10 Michael Jackson moments...

Author: /time Magazine | Title: The Stasi File on Michael Jackson | 8/5/2009 | See Source »

...course, as institutions emerging from the worst of the credit crisis, the banks have little more than that in common. Famous for flogging mortgages worth 125% of a property's value, Newcastle-based Northern Rock was caught with its pants down when the wholesale markets it relied on to fund those loans froze in 2007. With unemployment rising and house prices still on the wane, the bank's impairment charges for soured loans tripled, to $1 billion in the first half of this year vs. the same period in 2008. Just as worrying: a shade under 4% of its home...

Author: /time Magazine | Title: For Britain's Banks, Latest Earnings Show an Uneven Recovery | 8/5/2009 | See Source »

...most famous presidential birthday bash is undoubtedly JFK's 45th in 1962, featuring Marilyn Monroe's sultry serenade, "Happy birthday, Mr. President." The event fueled speculation that the Chief Executive and the Playboy centerfold were having an affair. It also was reportedly the model for the 50th birthday party of another philandering President, Bill Clinton - a Radio City Music Hall gala that raised $10 million for the Democratic Party in 1996. "For obvious reasons, White House officials said, First Lady Hillary Rodham Clinton had something a little different in mind," the Baltimore Sun reported at the time...

Author: /time Magazine | Title: Presidential Birthdays | 8/4/2009 | See Source »

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