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...challenge of being rich, in a sharp recession, often moves from hiding wealth to keeping it. Some people with a lot of money get bilked by the genius of people like Bernie Madoff, a man who must be near the top of his class at Mensa. Usually, losing money does not require a lapse in judgment. In a poor economy, invested capital just disappears. People who had $20 million suddenly have $10 million. If they have been frugal, they are OK. If not, they often go bankrupt...

Author: /time Magazine | Title: Requiem for the Rich | 2/26/2009 | See Source »

...Communist regime in Beijing has waged a quiet war against the Tibetan people and their unique culture. Their clandestine methods follow the guidelines established by their imperialist predecessors: hide Tibet’s holy relics, erode traditional Tibetan practices, and fill the vacuum with Chinese culture. The evil genius behind the Chinese plan—and perhaps the only reason why the suppression of Tibet has not garnered much attention in the Western world—is that the Chinese government has undertaken this attack under the guise of technology and progress...

Author: By Joe O. Masterman | Title: Imperialism in the Holy Land | 2/25/2009 | See Source »

...Would he, bearing in mind how he's been scorned by mainstream U.S. critics but revered in the pages of Cahiers du Cinema, give his acceptance speech entirely in French? Would he lecture the Academy because it cited him for his humanitarian efforts and not his comic genius...

Author: /time Magazine | Title: Reflections on Oscar: Bollywood Takes Hollywood | 2/23/2009 | See Source »

...only the demolisher of Oscar's gravitas but the unkillable specter of his first eminence, in the late '40s and '50s, as the goony kid prancing around the cool crooner. (One producer cruelly called Martin and Lewis "the organ grinder and the monkey"). He is the comic whose genius, or even the robust grosses of his movies, nobody in Hollywood took seriously. And because he was championed as an auteur in the pages of Cahiers du Cinema, Lewis's detractors have made him the derisive punch line to every joke about the French that came after postcards and before Freedom...

Author: /time Magazine | Title: Jerry Lewis Wins an Oscar at Last | 2/22/2009 | See Source »

Obama laughed. He knew better than anyone else that it would take some mighty brainpower--and luck and political genius--to get this next stage right. Orszag had been working the problem for months, leading a four-hour meeting on his birthday, Dec. 16, in Chicago, at which Obama showed up with a vanilla cake. Orszag, Summers, Treasury Secretary Timothy Geithner and Orszag's deputy Robert Nabors agreed that there was no avoiding a deficit this year of about $1.5 trillion, including the bank bailout and the stimulus bill. They were prepared to swim even deeper into the red next...

Author: /time Magazine | Title: After the Stimulus, Can Obama Tame the Deficit? | 2/19/2009 | See Source »

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