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...could this happen? It all comes down to the magic of fractions. Under the old formula, every state was guaranteed at least .75% of the state-grant program - a very high minimum compared to other federal programs, which made sure that even less populous states with a relatively small risk of terrorism received a sizable chunk of cash. Since 9/11, billions of dollars in homeland-security grants have gone out under this bizarre and nonsensical formula, which TIME investigated in-depth in 2004. In the new law, however, Congress cut the minimum to .375%, and set the percentage to decline...

Author: /time Magazine | Title: The "New" Homeland Security Math | 9/24/2007 | See Source »

...years after Hermann declared to the trade press that she relished the "challenge" of running a wounded YSL, it remains unclear whether she and Pilati have the magic formula to modernize the fashion house and elevate it to its former glory alongside idolized French brands like Chanel, now a multibillion-euro business. The ascension to such heights is a complex mission. It takes believing that Pilati has the talent and range to give women what they need and think they want and that Hermann has the gift to translate his talent into commercial success...

Author: /time Magazine | Title: What's Her Recipe For French Dressing? | 9/21/2007 | See Source »

...MAGIC OF GROSS...

Author: By Adam Goldenberg and Reva P. Minkoff | Title: Exit Gross | 9/21/2007 | See Source »

...ordinary at best; at times during the film, you'll be stranded in perplexity. But in the way it looks and sounds, it's a tonic to two senses. No surprise here, since Taymor has lavished her extravagant theatrical imagination on Broadway musicals (The Lion King), operas (The Magic Flute at the Metropolitan Opera) and movies (a gory, oneiric Titus - Shakespeare as a splatter film - and the more pedestrian Frida). And the arranger-producers of the 33 songs include T Bone Burnett, who turned the old-timey country music of O Brother, Where Art Thou? into a platinum CD treasure...

Author: /time Magazine | Title: Dylan and the Beatles: Together Again! | 9/16/2007 | See Source »

...forget: directors start young," says Noah Cowan, who programmed the series through 1997 and now runs the festival with Piers Handling. "And when you're young you're attracted to the magic of horror and action. So Midnight Madness is an excellent festival recruiting tool not only for young audiences but also for young directors." The section thus makes room for low-budget horror films, extreme action epics, foreign gangster movies - what are known, affectionately or derisively, as genre films...

Author: /time Magazine | Title: The Freaks Come Out at Night | 9/12/2007 | See Source »

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