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...hedge-fund manager bet big against the subprime-mortgage market and won. So did Mike Burry, a social recluse who began investing at night during his medical residency. Jamie Mai and Charlie Ledley, two 30-somethings who started trading in a Berkeley garage, "assumed that there was some grownup in charge of the financial system." There wasn't. In The Big Short, Michael Lewis, who chronicled an earlier era of Wall Street excess in 1989's Liar's Poker, tells the story of investors who asked questions that no one else would (like, What happens if house prices stop rising...

Author: /time Magazine | Title: The Skimmer | 3/29/2010 | See Source »

These films, and the Disney version in 1951, had their incidental pleasures but also an arch, starchy tone to the parade of Carroll's lunatics. What the author needed all along was a kindred cinematic soul: a grownup with the reckless imagination of a child or a nonsense artist, a director who'd impart a wonder to Wonderland...

Author: /time Magazine | Title: Tim Burton's Frabjous Alice | 3/15/2010 | See Source »

...Given the stakes in the diplomatic spat, Ayalon's defiance potentially carried a high cost. But it took a behind-the-scenes intervention of the proverbial grownup in the Israeli establishment - President Shimon Peres, who served for decades as Israel's key diplomat - to orchestrate a climbdown. Peres called Prime Minister Benjamin Netanyahu and Foreign Minister Lieberman and urged them to defuse the crisis. But domestic politics was in play: not only was Ayalon's initial action calculated to burnish the nationalist appeal of his and Lieberman's Yisrael Beitenu party, but Netanyahu's need to maintain that party...

Author: /time Magazine | Title: Israel and Turkey: Anatomy of a Dissing War | 1/14/2010 | See Source »

...film seems to think Sheeni's parents should be punished for their religious beliefs, assuming a hypocrisy that is often ascribed to Christians in film but in this case seems absent; the Saunders are mostly just humorless and unfriendly. The anti-adult attitude extends, ultimately, to every grownup in the film. Jean Smart is a good comic actress, but what can you do when you're written as a one-dimensional slattern, held in contempt by your hipster child? Even the best of the grownups, the friendly hippie-dippie neighbor (Fred Willard) is something of a grotesque. This...

Author: /time Magazine | Title: Youth in Revolt: Michael Cera and His Evil Twin | 1/7/2010 | See Source »

...touring the country with minority leader Mitch McConnell, a longtime nemesis on campaign-finance reform, and the two men inveighed against the evils of Obamacare. "He's been constructive. He's been part of the team," says Senator Lamar Alexander of Tennessee. "He's provided the kind of adult, grownup leadership that we need in the Republican caucus." When asked for examples of McCain's maverick nature, Alexander flashes a smile, saying, "I can't think of any." Does that mean Republicans are at last falling in love with McCain? "John dove back in on his issues," says Senator Johnny...

Author: /time Magazine | Title: John McCain: Can He Mend Fences with the Right? | 10/8/2009 | See Source »

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