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...Since Jan. 3 1 Without the payments from homeowners, the issuers can't pay off the bonds...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

...faithful still think he's in seclusion, holding out for a second coming - quickly became more valuable as a memory than he ever was as a singer or movie star or Vegas action figure or living proof of the marketability of youthful rebellion. Every year on his birthday (Jan. 8) and death date, new packages of his old music and movies are snapped up as instant relics by his venerable fans, even as they attract kids who hadn't been born when he was just the King on earth...

Author: /time Magazine | Title: Elvis: The Last Romantic | 8/15/2007 | See Source »

...commercial hype is appropriate for a singer who made the trip from anonymity to commodity in no time flat. He was an instant sensation with the Jan. 27, 1956, release of his first RCA single, "Heartbreak Hotel." The following night he appeared on Tommy and Jimmy Dorsey's Stage Show, flinging rock 'n roll into the faces of a slackjawed TV audience. In August he had the two-sided smash "Hound Dog" and "Don't Be Cruel." By November his first movie, Love Me Tender, was in the theaters. Five #1 singles, a debut album that went gold...

Author: /time Magazine | Title: Elvis: The Last Romantic | 8/15/2007 | See Source »

...countdown to Jan. 14 begins this week with the GOP straw poll in Ames, which coincides with the state fair in Des Moines. Journalists will describe the luscious pork chops and the cow sculpted from butter. Meanwhile, the Iowa GOP will pocket about $1 million for party-building expenses. The straw poll is Frank Capra only on the surface. At heart, it's the party's No.1 fund raiser...

Author: /time Magazine | Title: Courting Iowa | 8/9/2007 | See Source »

...least six occasions between Aug. 2004 and Jan. 2006, the OFT found, the two companies discussed or briefed each other about proposed changes to the levy, which is meant to help airlines offset the soaring cost of fuel. In that period, the surcharges rose 12-fold to $122 for a typical BA or Virgin long-haul flight. BA has owned up to the collusion. "Anti-competitive behavior is entirely unacceptable," BA chief Willie Walsh said Wednesday. "We condemn it unreservedly." For its part, Virgin is expected to escape a fine, since it blew the whistle on the collusion...

Author: /time Magazine | Title: British Airways Charged Stiff Fines | 8/1/2007 | See Source »

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