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...record labels screwed themselves: "After almost eight years of stonewalling MP3s and Napster, major label employees gradually accepted the fact that freely selling digital music was the blueprint for survival. EMI's decision to sell MP3s was a step in this direction - as would be Amazon's MP3 store, MySpace Music, and the Radiohead model of giving away music online. But labels were still a long way from overcoming their outdated ideas. They clung stubbornly to long held beliefs that selling millions of pieces of plastic would return them to massive profits...

Author: /time Magazine | Title: The Music Biz: Murder or Suicide? | 1/22/2009 | See Source »

...next year (when Mommie Dearest walked away with Worst Picture), the Razzies started receiving modest mentions in the local press, as Wilson distributed press releases to newspapers across Southern California. By 1984, major newswires started running the story, and the official Golden Raspberry Awards ceremony was scheduled for the night before the Oscars. "When we moved it to the night before the Oscars it suddenly became this big deal," Wilson recalls. "Part of it is that you have all this press in town for the Oscars from all around the world, and the night before the show, they really have...

Author: /time Magazine | Title: The Razzies | 1/21/2009 | See Source »

...campaigned for former New York Mayor Rudy Giuliani in 1989 (and worked alongside him at his law firm), has served every Republican president since Richard M. Nixon in some way: under George W. Bush, he was a member of the presidential task force that studied the possibility of making major changes to Social Security. In 2008 he joined the Obama transition team's Economic Advisory Board before being named Citigroup chairman...

Author: /time Magazine | Title: Citigroup Chairman Richard Parsons | 1/21/2009 | See Source »

...Michael Jackson and a group of 3,500 children the following year. The show's most memorable glitch, of course, wasn't a casting choice: Janet Jackson's infamous wardrobe snafu in 2004 sparked an FCC crackdown on racy content and prompted networks to go to tape delay for major live events...

Author: /time Magazine | Title: Super Bowl Halftime Show | 1/21/2009 | See Source »

...additional $350 billion available to stabilize the banks. But the goal is to press an ambitious series of actions - policies that might have seemed impossible before the financial crash - across the board as quickly as possible. The quest for a national health-insurance system will debut with a major conference, bringing all the various players - including corporate America and the insurance companies to the table in late winter or early spring. The hope is that a bill to provide universal access, as promised during the campaign, will nudge its way through Congress by next fall. Also coming in the first...

Author: /time Magazine | Title: Obama Promises New Destiny, Work Begins Today | 1/21/2009 | See Source »

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