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...billion of their assets into cash. Cohen's SAC Capital, which is down 9% this year, has reportedly put half its fund, or $7 billion, in cash. The move to cash makes sense, says Gradante, for the current market. But it may hurt funds over the long haul. "If stocks rebound rapidly, like they did on Monday," says Gradante, "these funds will continue to disappoint investors...

Author: /time Magazine | Title: Hedge Funds: How the Smart Money Looked Dumb | 10/15/2008 | See Source »

...This is the kind of climate that favors established leaders, who have got not only the capital to survive the long haul, but also real, revenue-generating business models in place. Look for a blood bath as big tech companies try to consolidate their positions in the coming months. Apple is rumored to be launching an $800 laptop, moving into a lower price range that makes it even more competitive with PC makers such as HP and Dell. In online retail, Amazon would love to put a stake in the heart of eBay this holiday season...

Author: /time Magazine | Title: MySpace to Businesses: Kiss MyAds | 10/13/2008 | See Source »

...landing outside London is not convenient enough, London City Airport, which is right in the thick of the city's financial district serving destinations in the U.K. and Europe, is also expanding. It has been given permission to increase traffic by 50%. British Airways is considering a long-haul flight from City Airport to New York City's Kennedy International...

Author: /time Magazine | Title: Travel News: Italy Promises Star Ratings for Hotels | 10/10/2008 | See Source »

...movie by a slightly more renowned brother duo, Joel and Ethan Coen's Burn After Reading; and they did it without George Clooney and Brad Pitt in the cast. The next week's takings added $5.5 million, for a total of $12.5 million and counting. That's a nice haul for a picture with a $500,000 budget, but it's nothing new for the Kendricks. Their previous movie, Facing the Giants, cost just $10,000, according to the Internet Movie Database, and grossed $10 million; in other words, the film earned its budget 1,000 times over. If Spider...

Author: /time Magazine | Title: What Would Jesus See: Fireproof or Religulous? | 10/6/2008 | See Source »

...even if such attacks could potentially give McCain a brief boost, it's not at all clear that they would help for the long haul. After all, since midsummer, the Arizona Senator has effectively dominated the day-to-day media narrative through a series of surprising, bold and, to some, reckless tactical moves designed to keep his opponent on the ropes. Through depicting Obama as Paris Hilton, selecting the little-known governor of Alaska as his running mate, manufacturing the lipstick-on-a-pig contretemps and, most recently, "suspending" his campaign to tend to the financial crisis, McCain has consistently...

Author: /time Magazine | Title: What's Behind McCain's Nosedive | 10/1/2008 | See Source »

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