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...slum dwellers have been as down on the film. In Dharavi, the Mumbai slum where parts of the movie were shot, many say they want to watch it. "I liked the songs," says Vittal Naravane, who runs a printing workshop. "And I liked the idea that even if you're not educated, like the hero of the film, you can be successful by dint of your common sense and hard work." This message of hope seems to have worked for many among India's lower middle-class aspiring for a better life. "The film only shows what is real," says...

Author: /time Magazine | Title: Slumdog Millionaire, an Oscar Favorite, Is No Hit in India | 1/26/2009 | See Source »

...over these people, especially in Q4? Or maybe they all took John Thain at his word when, in October, he said, "We continue to reduce exposures and deleverage the balance sheet prior to closing the Bank of America deal." Those words were surely reassuring, but isn't the whole idea of financial risk management that you don't take anyone at his or her word? (See the top 10 financial collapses...

Author: /time Magazine | Title: The Deeper Truth About Thain's Ouster from BofA | 1/25/2009 | See Source »

...push - from Capitol Hill, the White House, the Department of Housing and Urban Development (HUD) and even bank regulators - for ever more mortgage lending on ever easier terms. Gramm said he arrived in Washington in 1978 convinced as an economist that subsidizing housing and mortgage lending was a bad idea, but was soon won over to Washington's pro-housing consensus. During his 1990 U.S. Senate campaign, he said, polls revealed that 82% of Texas homeowners supported him over his Democratic opponent. After that, "You didn't have to convince me that homeownership was a good thing," he joked...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...broth - as well as for bringing the likes of centrifuges and hydrocolloids into the kitchen - molecular gastronomy has been more reviled than any style of cooking since a handful of chefs thought stacking a few undressed pea pods on the plate and calling it nouvelle cuisine was a good idea. That might account for why the trio sounded ever so slightly defensive as they protected the role of science in their kitchens. Brandishing a loaf of bread like an amulet, Adrià, chef of el Bulli restaurant in Spain (judged the best restaurant in the world a record four times...

Author: /time Magazine | Title: Debating the Merits of Molecular Gastronomy | 1/23/2009 | See Source »

...benefit from choosing one of two directions—either further developing the underlying plot or abandoning the storyline altogether and indulging in pure imagery. The common thread of these spectacles is one of reversal and of questioning impossibility. But the conceit never grows stilted or predictable. Sure, the idea of someone walking on her hands isn’t particularly unique in and of itself, but in “Aurélia’s Oratorio,” the figure also carries a hat and purse on her elevated feet. There is a strong sense of wonder...

Author: By Molly O. Fitzpatrick, CONTRIBUTING WRITER | Title: 'Oratorio' A One Woman Wonder | 1/22/2009 | See Source »

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