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During three decades as the head of financial-services consulting firm Greenwich Associates, Charley Ellis had a front-row view of Goldman Sachs' rise from also-ran to king of Wall Street. He then spent a decade working on a history of the firm, published last year as The Partnership: The Making of Goldman Sachs. So what is Ellis' explanation for Goldman's spectacular rebound - it turned a $5.2 billion profit in the first half of the year - from the financial crisis...

Author: /time Magazine | Title: Too Much Profit at Goldman and Morgan? | 7/27/2009 | See Source »

...helps that fishing is what defines Bristol Bay. At the main port of Dillingham, the biggest news story of early summer is the catching of the first king salmon of the season. Bristol Bay's commercial fishermen - including the stars of the Discovery Channel reality show The Deadliest Catch - net hundreds of millions of dollars' worth of seafood. But everyone fishes - Todd Palin, Alaska's First Dude and a Dillingham native, has a reserved spot on a local beach. (See pictures of Sarah Palin on the campaign trail...

Author: /time Magazine | Title: Postcard from Bristol Bay | 7/27/2009 | See Source »

...critics represented as skulls. Perhaps because he never expected his work to be accepted, he could pursue it to its furthest conclusions. But then - surprise - the honors started coming his way anyway. Museums began acquiring his art and offering him big shows. In 1929, Belgium's King Albert I even named him a baron, which makes you wonder if Albert had ever seen Ensor's etching of a king defecating on the heads of the people. By the time Ensor died, in 1949, he was a national treasure - which can only mean the Belgians must be awfully good sports...

Author: /time Magazine | Title: Skull and Bones: The Haunted Art of James Ensor | 7/27/2009 | See Source »

...black history happens every day. She once said that as a child growing up in the 1960s South, she failed to appreciate the strides black leaders were making for racial equality--Thurgood Marshall wearing the robes of a U.S. Supreme Court Justice, Shirley Chisholm legislating in Congress, Martin Luther King Jr. toiling tirelessly in the struggle for civil rights...

Author: /time Magazine | Title: Judi Ann Mason | 7/27/2009 | See Source »

...needs caricaturing; he was his own David Levine cartoon. So the movie's Lynton Barwick (David Rasche) is just Rumsfeld with a haircut, not a lobotomy. "We don't need any more facts," Lynton proclaims. "In the land of truth, my friend, the man with one fact is the king." And he is in control of what passes for fact. He doctors the minutes of an important meeting, telling an aide, "They should not be a deductive record of what happened to have been said, but it should be more a full record of what was intended to have been...

Author: /time Magazine | Title: In the Loop: Stinging Strangelovean Satire | 7/26/2009 | See Source »

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