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...Second City moved down the street into a bigger venue. While its décor and ethos remained intact, the late '60s and early '70s brought a number of changes. The new generation of comedians - including Belushi and Harold Ramis - was coming in and bringing with it a style of comedy that reflected the radical attitudes of the time. Belushi performed six nights a week, perfecting the physical gonzo style of comedy he would later make famous. (See John Belushi in TIME's top 10 post-SNL careers...

Author: /time Magazine | Title: The Second City | 12/16/2009 | See Source »

...London (though he has been promoted to ceo of all Citi's business lines across Europe, the Middle East and Africa, and Citi stresses he is "one of its highest ranking executives globally"). Mohammed al-Shroogi, who headed Citi's United Arab Emirates operations, left in September. In late November, Dubai World, which is a for-profit development company controlled by the ruling family of the gulf state, indicated that it may have to default on a portion of its $60 billion in loans. The rush to Dubai has left Citi on the hook for billions of dollars of losses...

Author: /time Magazine | Title: Citi's Dubai Mistake: A Sign of More Bad Things to Come? | 12/15/2009 | See Source »

...building projects funded by debt offerings was driving Dubai's economy, creating lot of opportunities for bankers. Many other banks followed Citi's lead. Citi reportedly built up a staff of 50 bankers in the area. But as things started to unravel Citi remained deeply invested in Dubai. In late 2008, just weeks after Citi had received its initial TARP funding from the government, Citi helped arrange an $8 billion loan for Dubai's state-linked companies. It's unclear how much of the loan Citi held onto. By that time, Citi's own research staff had begun to issue...

Author: /time Magazine | Title: Citi's Dubai Mistake: A Sign of More Bad Things to Come? | 12/15/2009 | See Source »

...Pleasant dinner guests, Fletcher's acolytes were not.) In 1928 dieters could choose between eating only meat and fat (sometimes in trimmings bought directly from the butcher) on the Inuit diet, or skim milk and bananas on Dr. George Harrop's aptly named bananas-and-skim-milk diet. As late as the 1960s, Dr. Herman Taller was touting the Calories Don't Count diet, which held that the quantity of food consumed was unimportant provided that you chased it with vegetable...

Author: /time Magazine | Title: Fad Diets | 12/15/2009 | See Source »

Despite the plethora of miracles, Roberts was no match for the charismatic, mainstream electricity generated by his contemporary Billy Graham. There was always the reek of snake oil to Roberts' piety, hence his long attempt at seeking respectability: joining the United Methodist Church in the late 1960s and giving up the rootlessness of his evangelism. The Methodists, however, would later condemn his methods. For a while, his hospital and academic empire helped make him a pillar of Tulsa society. But the kind of faith he espoused was made of constant appeals to his audience to prove...

Author: /time Magazine | Title: Death of a Faith Healer: Oral Roberts | 12/15/2009 | See Source »

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