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...rather touching and now registers somewhere between fatuous and nonexistent. But why bother? Suffice it to say that these morons have, quite simply, turned The Day the Earth Stood Still on its head and what's falling out of its pockets in that upended state is a stream of junk. It does not have the charm of what little boys sometimes carry around with them, but rather the nasty glitter of inept box office calculation. I suppose that doesn't make a lot of difference - the tradition of stupid remakes is a long and undistinguished one. But some...

Author: /time Magazine | Title: The Day the Earth Stood Still: Alienating | 12/12/2008 | See Source »

...grabbed headlines, corporate bonds are doing equally amazing things: the average yield on lower-quality investment-grade corporate bonds - triple-B rated - is hovering around 10%, an unusually rich 7.5-percentage-point spread over Treasury bonds of similar maturity. (That spread has tripled over the past year.) Or consider junk bonds, as measured by Merrill Lynch's High Yield bond index, which yield a jaw-dropping 22%. Of course, junk bonds come from the riskiest borrowers, and a deep recession could drive up the default rate among those companies. But current lofty yields imply investor expectations that one-fifth...

Author: /time Magazine | Title: Stocks Say Recession, but Bonds Say Depression | 12/11/2008 | See Source »

...Suisse in the present economic climate will surely come back to haunt said Justice Department. America, like Germany, should stop whining and sort out its own taxation system so that citizens are not tempted into tax avoidance. Surely, the practice of some of the biggest U.S. banks of selling junk papers to unsuspecting clients, many of whom are pensioners, is far more despicable. The U.S. authorities must be aware that European investors who have been cheated in this fashion might just return the favor by starting class-action suits against these banks. Then what? Peter Roost, BUERON, SWITZERLAND...

Author: /time Magazine | Title: What's Next for the GOP | 12/10/2008 | See Source »

...Madonna and Martha Stewart love it, as do Barack Obama, Bill and Hillary Clinton, Keanu Reeves and "Junk Bond King" Michael Milken, who organized a Scrabble tournament in the early 1990s at the white-collar prison where he was serving time for securities fraud. Even Queen Elizabeth II is a fan, perhaps in part because her first son was born the very same year that "Scrabble" became a trademark. (That coincidence did not go unnoticed in Britain. An artist commemorated the 60th birthday of Prince Charles and the board game by creating a portrait of the Prince entirely composed...

Author: /time Magazine | Title: Scrabble | 12/7/2008 | See Source »

...having to give Catalog Choice your customer numbers from umpteen mailing labels sounds a little too labor-intensive, you can pay GreenDimes.com to do the grunt work for you. CEO Pankaj Shah justifies GreenDimes' $20 annual fee by pledging to reduce your junk mail 90% within 90 days--by pulling your name off a broad range of lists--and to follow up monthly to make sure you stay off those lists. In terms of eliminating paper waste, this service beats Catalog Choice in that it's more comprehensive--and quicker--in its clutter-clearing...

Author: /time Magazine | Title: De-Cluttering Your Mailbox | 12/4/2008 | See Source »

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