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Dates: during 2010-2019
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...they put up the conversion money, then got the revenue from the new films they produced and exhibited.) Exhibitors want in on the 3-D bonanza, so they're spending now to reap cash later. In early March, Digital Cinema Implementation Partners, a company owned by the two largest theater chains, Cinemark and AMC, announced it had raised $660 million to finance the conversion of 14,000 North American movie screens to the digital format, including 3-D. The number of converted screens should be up to 5,000 by year...

Author: /time Magazine | Title: The 3-D Pileup: Too Many Movies, Not Enough Screens | 4/2/2010 | See Source »

...fiscal deficits of the PIIGS are among the highest in Euroland. Their unit-labor costs have risen faster than anywhere else. So their exports can't compete; hence they run some of the largest current-account deficits. What do you do when you shovel coal and run out of fuel? You borrow - as the PIIGS have done. The markets have cast their verdict on that. Now, Greece has to borrow at twice the interest rate that German bonds fetch...

Author: /time Magazine | Title: Angela Merkel: German Rules | 4/1/2010 | See Source »

Still, let's not praise Merkel the martinet too much. She has not acted out of pure selflessness. As the richest nation in Euroland, Germany would have had to pay the largest share of the bailout. And if the euro careens out of control, Germany would end up as the biggest loser. With the euro derailed, the new deutsche mark would be everybody's darling, driving its value up - not a cheery prospect for the world's second biggest exporter. (See video: "Globabl Business Trips: Germany...

Author: /time Magazine | Title: Angela Merkel: German Rules | 4/1/2010 | See Source »

...Maliki did send a delegation to the Iranian city of Qum last weekend to seek the backing of Iraqi Shi'ite firebrand cleric al-Sadr, whose supporters are the largest and most influential element within the INA. Indeed, with some 40 seats won by his followers, al-Sadr has emerged as a potential kingmaker. His enmity toward al-Maliki is well established, however, especially since al-Maliki unleashed the Iraqi military on al-Sadr's supporters in Basra in 2008. Al-Sadr has warned that he would veto a second term for al-Maliki, and so the Prime Minister...

Author: /time Magazine | Title: Iraq's Election: Can This Deadlock Be Broken? | 3/31/2010 | See Source »

...optimism will soon be tested in Kandahar, the second largest Afghan city. "Kandahar is as critical to this war as Baghdad was to Iraq," Mullen says. But the military's description of the upcoming battle is curious: there won't be one. There will be a shift in the local gestalt, bypassing or re-engaging or seducing the local strongman, Ahmed Wali Karzai (the President's half brother); the Afghans will cobble together their own political solution, somehow. There will be some operations against the Taliban, mostly to prevent them from entering the city; indeed, U.S. troops may not show...

Author: /time Magazine | Title: Harvesting Democracy in Afghanistan | 3/31/2010 | See Source »

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