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...more than $200,000 in the elder Wynn's outstanding debt. Steve made his first major foray into Vegas in 1972, buying an interest in the Golden Nugget, a seedy downtown casino. He overhauled the place, then built a new Golden Nugget in Atlantic City, N.J. (with financing from junk bonds floated by Michael Milken). His next big move put an indelible stamp on the Strip: Wynn opened the Mirage, a shimmering temple of camp, with white tigers behind glass in the lobby, Siegfried and Roy, and a volcano. Gambling was still the big money earner, but with Mirage, Wynn...

Author: /time Magazine | Title: Wynn's Big Bet | 5/2/2005 | See Source »

...Italy, they called it Arte Povera, elsewhere "junk art": turning refuse - burlap sacks, globs of tar - into popular works. For artists like Alberto Burri, who began producing Arte Povera in the '50s, such trash would eventually become treasure. Museums and galleries such as the Solomon R. Guggenheim in New York City and the Pompidou Center in Paris vied for his works for decades. In 1989, a collector shelled out $2.8 million for one of his prized Sacco (Sack) paintings called Umbria Vera. At the time of his death in 1995, Burri's most famous pieces, including the Sacks and Plastics...

Author: /time Magazine | Title: Disappearing Act | 5/1/2005 | See Source »

Johnson calls this principle the Sleeper Curve, for the Woody Allen movie in which future scientists discover the health benefits of junk food. Everything Bad is not junk criticism; it is a brisk, witty read, well versed in the history of literature and bolstered with research--for instance, even as electronic media have supposedly "dumbed down" society, IQs in the developed world have been increasing three points a decade for a century. Johnson, it turns out, still knows the value of reading a book. And this one is indispensable. --By James Poniewozik

Author: /time Magazine | Title: Books: Children, Eat Your Trash! | 5/1/2005 | See Source »

...writer who knows what it takes to get on the bestseller list: "He roots for his home team in football and baseball but also plays sports himself. He reads all the time. It's all right for him to like comic books so long as he knows they are junk. Also, radio programs and movies may be enjoyed but not at the expense of important things. In music he appreciates both swing and symphony. In women he appreciates them all. He does not waste time daydreaming when he is doing his homework. He is kind. He cooperates with his parents...

Author: /time Magazine | Title: Books: The Artist as a Very Young Critic: WORLD'S FAIR | 4/18/2005 | See Source »

...Maurice Salha, who came to Australia from Lebanon 40 years ago, imports homewares from China, supplying the Mum-and-Dad discount stores some people call "$2 stores" or "junk shops." On a Monday morning in the southwestern suburbs of Sydney, his warehouses are abuzz as workers unload newly arrived shipping containers Since the early '70s, Salha has been buying goods in Asia, watching the focus shift from Hong Kong to Japan to Korea to Taiwan and now to mainland China. When he first went to Guangzhou in 1974, it took him four hours to see all the merchandise...

Author: /time Magazine | Title: The Quiet Revolution | 4/18/2005 | See Source »

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