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...that the next five years will be one of the most attractive real estate investment periods in the past 50 years," says Starwood Property Trust Inc. (STWD), an affiliate of closely-held Starwood Capital Group, in its July 29 IPO filing. The company, which is headed by real estate mogul Barry Sternlicht and went public last week, believes real estate became "significantly overpriced" in the go-go years of the past decade, and that "a significant price correction" is under...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...Murdoch's declaration a classic, bold Rupertian move or the action of a desperate man? The mogul is 79 years old. His love affair with newspapers has lasted longer than his three marriages. But now it's an open question as to who will cease to exist first: Rupert or the newspaper as we know it. (Murdoch's mother Dame Elisabeth is 100.) He has made it clear that he wants one of his children - probably James - to run the show after he exits. This partly explains why he and his loyal and capable No. 2, Peter Chernin, recently parted...

Author: /time Magazine | Title: Will Rupert Murdoch Be the Pied Piper of Paid Content? | 8/11/2009 | See Source »

...night Doc's ex-girlfriend Shasta shows up on his doorstep asking for help. It appears that her new squeeze, the powerful real estate mogul Mickey Wolfmann, may be the target of a kidnapping scheme. When Mickey disappears - and Shasta too - the lovelorn Doc, with quantities of superior weed, plunges into a many-layered plot. It involves, among other things, the LAPD, organized crime, disorganized crime, a lecherous dentist and the Golden Fang, which is sometimes a mysterious schooner, sometimes a no-nonsense drug cartel. Pynchonesque multitudes crowd into the picture. Tight-lipped federales, stoner lawyers, ex-con neo-Nazis...

Author: /time Magazine | Title: Thomas Pynchon's Magical Mystery Tour | 8/1/2009 | See Source »

...neither a star nor a mogul nor a person caught up, Henry Louis Gates-style, in a controversial news event, Ben Silverman drew a lot of media attention. His job was to find or help create hit shows - the kind of network position that usually brings power and wealth, but not notoriety. But Silverman's outsize personality - big parties, big talk, big ideas - and his youth made him a magnet for gossip, anecdotes and media speculation. Problem was, two years into his term, NBC had exactly zero hit shows. And people noticed...

Author: /time Magazine | Title: Ben Silverman Leaves NBC: Exit the No-Hit Hitmaker | 7/28/2009 | See Source »

...Just across the road from the Smokehouse is the plusher Cameron Highlands Resort, www.cameronhighlandsresort.com. Bedecked in Jim Thompson textiles (in memoriam the former CIA agent turned silk mogul, who disappeared while on a walk in the Camerons in 1967), the 56 rooms and suites offer lush views of the Cameron Highlands Golf Course and the hills beyond. The Highland Bar is the venue for sundowners and single malts, and the Jim Thompson Tea Room the place for high tea. If you don't feel like ingesting it, head for the Spa Village and have it applied externally - in the form...

Author: /time Magazine | Title: Little Britain Tucked in Malaysia | 7/23/2009 | See Source »

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