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Because of the risk in budget, because films cost as much as they do, it's simply harder to find opportunities to take those kinds of creative risks in film. For right now, I think TV might be a place where there are more unexpected stories being told...

Author: /time Magazine | Title: 10 Questions for J.J. Abrams | 5/18/2009 | See Source »

...Brussels Plumbing a Downturn's Depths The economic crisis is hitting the E.U. even harder than its economists predicted in January. According to a new European Commission forecast, the "E.U. is not spared" from the "deepest and most widespread recession in the postwar era." European economies will continue to contract, with unemployment expected to reach nearly 11% by 2010. The report says that despite government bailouts and bank-stabilization plans, the E.U.'s economic situation is "exceptionally uncertain...

Author: /time Magazine | Title: The World | 5/18/2009 | See Source »

...proposed cracking down on U.S. corporations that use offshore subsidiaries to lower their tax burdens. While most nations do not tax corporate profits earned abroad, Obama says doing so would put some $210 billion in U.S. coffers over the next 10 years. Critics say the change would make it harder for U.S. companies to compete globally and could spur some to relocate overseas. A 2008 report from the Government Accountability Office said 83 of the 100 largest public U.S. companies have subsidiaries in tax havens...

Author: /time Magazine | Title: The World | 5/18/2009 | See Source »

...Hear Me Now? It's going to get even harder to get a Continental Airlines reservation agent on the phone, now that the airline will lay off 500 workers and close its Tampa call center as of July 19. The airline says the extra agents are not needed, since so many passengers now book travel on the Web. O.K., but those extra fees for booking through a live person didn't help...

Author: /time Magazine | Title: Anniversary Travel Deals, Even If It's Not Yours | 5/18/2009 | See Source »

...changes would be more heavy-handed. Those phone-payment fees would be prohibited outright (unless a customer asks for expedited service, a genuine additional cost which the card company would be allowed to pass along). It could also be substantially harder to market or sell credit cards to young people (those under either...

Author: /time Magazine | Title: Congress's Credit-Card Bill: Playing Fair, Not Foul | 5/15/2009 | See Source »

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