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Immediately behind Extraordinary Measures was the indie-vibed Crazy Heart, which earned $2,250,000 on 239 screens - fewer than a tenth of the venues for Ford's Edsel. Crazy Heart, with Jeff Bridges as an aging country singer reappraising his misspent life, was originally intended go to directly to TV, yet it's now a warm-to-hot item, thanks to Golden Globe and Screen Actors Guild trophies for its star. Bridges, 60, is one of Hollywood's most liked and admired leading men. Most durable too: he received his first Academy Award nomination back in 1972 (for Supporting...

Author: /time Magazine | Title: Avatar Pushes Mel Gibson Off the Edge | 1/31/2010 | See Source »

...independent Vermont, the group believes, would expolit its already highly developed local small-scale agriculture, its "locavore" farm exchanges, with a tax structure reformed to incentivize small business and industry (and to make life difficult for large out-of-state corporations). By 2020, they foresee Vermont producing at least 75% of its own electricity and heat, using wind-, solar-, biomass- and hydro-power. They want to establish a Bank of Vermont owned by the people of Vermont - freed from the arbitrary controls of central bankers - as well as a local alternative currency, with Vermont pension and operating funds invested...

Author: /time Magazine | Title: The Secessionist Campaign for the Republic of Vermont | 1/31/2010 | See Source »

...does the U.S. fare in HPI terms? Not so good. It sits pretty far down the list at 114. The U.K. is 74, behind Germany, Italy and France. Topping the chart is Costa Rica, which has long life expectancy, high life satisfaction, and a per capita ecological footprint one-fourth the size...

Author: /time Magazine | Title: Is GDP An Obsolete Measure of Progress? | 1/30/2010 | See Source »

...narrow calculation of cash flow," says Hazel Henderson, President of Ethical Markets Media (USA and Brazil) and who co-developed the Calvert-Henderson Quality of Life Indicators, which unbundles, rather than averages, 12 indicators. "Because it's averaged, the GDP mystifies and masks the gap between rich and poor. I don't think there's ever been such a large disconnect between the GDP and what ordinary people are experiencing." (See TIME's 2009 Person of the Year: Federal Reserve Chairman Ben Bernanke...

Author: /time Magazine | Title: Is GDP An Obsolete Measure of Progress? | 1/30/2010 | See Source »

...calculation that's been attracting attention is the Happy Planet Index (HPI), which combines economic metrics with indicators of well-being, including subjective measures of life satisfaction, which have become quite sophisticated (HPI uses data from Gallup, World Values Survey, and Ecological Footprint). The HPI assesses social and economic well-being in the context of resources used, looking at the degree of human happiness generated per quantity of environment consumed. The HPI metric was driven in part by the recognition that the environmental costs of economic growth must be figured into standard-of-living reports. (See the worst business deals...

Author: /time Magazine | Title: Is GDP An Obsolete Measure of Progress? | 1/30/2010 | See Source »

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