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...Statham, 36, was an Olympic diver for the British team, and a model, before appearing in two early Guy Ritchie crime movies a decade ago. Since then, he's established himself in a couple of franchises: Transporter (three films) and Crank (two; but if the grosses stay this stagnant, don't count on a third). He's manfully filled the B-movie action slots once occupied by Jean-Claude Van Damme and Steven Seagal. His movies generally pull first-weekend numbers in the teen-millions and end up in the $25-40 million domestic range - not bad for productions that...

Author: /time Magazine | Title: Box Office Report: Zac to the Future! | 4/19/2009 | See Source »

...first quarter, the company's chatty CEO Eric Schmidt said "Google had a good quarter given the depth of the recession - while revenues were down quarter over quarter, they grew 6% year over year thanks to continued strong query growth. These results underline both the resilience of our business model and the ongoing potential of the web as users and advertisers shift online." What he did not bother to mention is that no business model is any good at all without customers. Google has millions of clients spending money on its search advertising and its financial results are a signal...

Author: /time Magazine | Title: Google: The Economy in a Tea Cup | 4/17/2009 | See Source »

Thousands have since been downgraded. "We need to consider alternatives to the issuer-pay model," SEC commissioner Elisse Walter said in a speech in March. One idea: level the playing field so that new competitors, like smaller agencies that charge investors instead of issuers, can better compete. Another option: a tax on investors, issuers or even the public at large in order to create a central pool of money with which to buy ratings to be made public. (See the best business deals...

Author: /time Magazine | Title: The SEC's Next Challenge: Fixing the Ratings Agencies | 4/15/2009 | See Source »

...cash-for-clunkers really two-for-one? That depends. There are currently two main bills in the House and Senate, which, according to greens, are not created equal. One, sponsored by Democratic Ohio Representative Betty Sutton, allows any car from model year 2000 or earlier to be traded in, without any restriction on fuel economy. In return, car buyers will get $4,000 if they buy a new U.S. car that gets a minimum mileage of 27 m.p.g. and $5,000 if they buy a U.S. car with at least 30 m.p.g. Crucially, the new cars have to be made...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

There are at least two answers to this question. One is that Americans with money are the kids in the global candy store; they want everything, and they buy everything, laying waste to the environment and helping enact political policies that help the rich get even richer. In this model, rich Americans will never give up their God-given right to buy a hulking new six-burner range even if they never cook...

Author: /time Magazine | Title: Recession Psychology: We Will Spend Again | 4/15/2009 | See Source »

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