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...decent man. "He was...always very charming and dapper and suave," writes News-Press columnist Stephanie Davis, "always there with a kiss and a 'Hello, Gorgeous.'" In a 2005 interview, Damiano described himself as "just a nice guy, which is why I think I did pretty well. I mean, I'd meet an actress and have to say, 'Sit down, take your clothes off - I'm going to ask you to do some nasty things.' You have to be pretty nice." On his 80th birthday, adult-film stars flew in from around the country to surprise their old friend...

Author: /time Magazine | Title: Porn's Pied Piper: Deep Throat Director Dies | 10/27/2008 | See Source »

...billion economic rescue package into nine of the nation's largest financial firms, including Wall Street titans Goldman Sachs and Morgan Stanley, as well as Bank of America, which recently acquired securities firm Merrill Lynch. That, along with other Treasury Department moves to rescue Wall Street, will mean the wallets of many investment bankers will be fatter than they would have been...

Author: /time Magazine | Title: How Washington's Bailout Will Boost Wall Street Bonuses | 10/27/2008 | See Source »

...from the former investment-banking division of Lehman Brothers, which it acquired in September. And Merrill Lynch's John Thain recently said that he expects thousands of job cuts in the wake of his firm's acquisition. All told, Hintz expects Wall Street employment to fall 25%, which could mean a loss of 43,250 jobs in New York City alone and more than 200,000 jobs nationwide...

Author: /time Magazine | Title: How Washington's Bailout Will Boost Wall Street Bonuses | 10/27/2008 | See Source »

...thousands facing joblessness, lingering economic problems mean deepening financial difficulties. In September, the last month data were available, the economy nationwide shed 159,000 jobs; thousands of additional layoffs have been announced by major employers around the country since then. Tracey says many of her clients seeking employment are already getting desperate. One lost a home recently and is living with relatives. Some clients are scrambling to accept even temp positions that pay far less than the jobs they held before the layoffs. Others reveal a growing sense of fear simply in their voices when talking on the phone with...

Author: /time Magazine | Title: Unemployment: The Problem That May Linger | 10/27/2008 | See Source »

...central privilege people will have to give up is the culture of unlimited consumer choice. This doesn’t mean that everyone have to move to hemp farms and clothe children in newspaper diapers. It does, however, mean that people may not be able to eat beef at every meal. It may mean a flight between New York and Los Angeles will become a once-a-decade expense rather than a once-a-week one. It may mean more shopping at the secondhand store. At the heart of this is an epistemological reconfiguring of the current pyramid of economic...

Author: By Garrett G.D. Nelson | Title: Nothing’s Easy | 10/27/2008 | See Source »

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