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...snowed in the rainforest yesterday, and the 10-ft.tall Smurfs of Avatar took the hit. James Cameron's science-fiction epic earned $73 million on its opening weekend at North American theaters, according to early studio estimates. That was more than the next 50 films combined, but still a bit less than the stratospheric predictions of some industry analysts, who were measuring Avatar against Cameron's last fiction feature, Titanic...

Author: /time Magazine | Title: Snow Job for the Avatar Opening? | 12/21/2009 | See Source »

...Thanks to a ferocious Facebook campaign launched by Jon Morter, a 35-year-old part-time deejay and logistics expert from Essex, and his wife Tracy, the Californian punk group Rage Against the Machine's 1992 hit "Killing In The Name" was propelled to the top spot on download sales of roughly 500,000, beating out X Factor winner Joe McElderry's cover of Miley Cyrus's "The Climb" by 50,000 copies. It was the first time a group has topped the British charts based on download sales alone. (See the top 10 songs...

Author: /time Magazine | Title: Rage Against Simon Cowell? A British Pop Charts Upset | 12/21/2009 | See Source »

...what you tell me" is the polar opposite of any lyric sung by an X Factor winner.) And Morter was quietly confident because he's tried this before: last year, he attempted to usurp X Factor winner Alexandra Burke by driving Rick Astley's 1987 hit "Never Gonna Give You Up" back up the charts. It didn't even break...

Author: /time Magazine | Title: Rage Against Simon Cowell? A British Pop Charts Upset | 12/21/2009 | See Source »

...what are the sages saying now that 2010 is just around the corner? Plenty. Next year we'll see oil hit $90 a barrel (per Goldman Sachs), unemployment peak at 10.5% (Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...

Author: /time Magazine | Title: 2010 Financial Forecasts: A 50% Chance of Being Right | 12/21/2009 | See Source »

...from rising above the upper safe limit of 2 degrees celsius. The dissenters also attacked the climate finance for poor countries promised in the deal - around $30 billion for the period to 2012, and $100 billion annually by 2020 - as far short of the needs of the nations hardest hit by global warming. Perhaps most of all, they were angry because the deal was struck behind closed doors by a handful of powerful nations, and then presented to the rest as a fait accompli. "This events of tonight represent the worst development in climate change negotiations," said Lumumba Stanislaus...

Author: /time Magazine | Title: Obama's Climate Compromise Leaves a Bitter Aftertaste | 12/20/2009 | See Source »

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