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...predicted to include Geordie Greig, currently at the helm of snobby glossy British magazine Tatler, as editor. Such a choice wouldn't signal an emphasis on hard news but an advisory board full of big hitters could certainly help to open doors. Names reported to be in the frame include Gorbachev and Tony Blair. His priority, Lebedev told a hastily convened press conference in Moscow, is to ensure the Standard's survival. "I don't want it to be said that some Russian idiot and former spy came along and bought it only for it to close down," he said...

Author: /time Magazine | Title: From Soviet Agent to London Newspaper Proprietor | 1/23/2009 | See Source »

...loans. But if a company can't reorganize in 210 days, and is forced to cancel its leases, it won't have a place to sell its goods. No sale means no cash, and the banks will be stuck with toxic debt. Faced with this tight time frame, the banks might not risk a DIP financing even when things are flush; in down times, forget about it. Once bankrupt and unable to find a buyer, a company must dissolve immediately, and recoup what it can through liquidation. "Retailers can't get access to financing, just when they need it most...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...that, and for the variations the filmmakers run on the mischief a pickax can work on the human body. (Or a shovel: one victim gets her face sliced through sideways at the mouth, the head sliding slowly down the shovel, everything from the jaw and below dropping out of frame.) Such are the reductive pleasures of horror movies; they turn viewers into connoisseurs of sadism, co-conspirators with the madman performing his miner atrocities. It's what we're here for, right...

Author: /time Magazine | Title: Mall Cop and Other Disreputable Pleasures | 1/20/2009 | See Source »

...loves clowning: one Halloween he festooned his tall gaunt frame with animal hair stuck on with flour paste, and roamed Chadds Ford like a bundle of Hydes. When he dresses up for company, he dons a black Amish-elder's jacket that makes him look like Nehru in mourning...

Author: /time Magazine | Title: TIME Cover: Andrew Wyeth's World | 1/16/2009 | See Source »

...Israeli government's media operations are the most sophisticated in the region, and its extensively planned hasbara campaign of public advocacy swung into high gear almost as soon as the current offensive began. Israel and its advocates are stressing a broad theme to frame the conflict - rocket fire from Gaza is an existential threat from which Israel has a right to defend itself, they argue - and they are seeking to limit reporting on civilian suffering in Gaza by challenging how much time or space media outlets devote to such images and by emphasizing the great care being taken by Israeli...

Author: /time Magazine | Title: Fighting the Media War in Gaza | 1/14/2009 | See Source »

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