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Grainge is one of a trio of talented British music executives - all born within six months of each other - who have landed at the heart of the industry, even though none had any college education. Simon Cowell, the elder of the group and the only one who has turned 50, is perhaps the most famous name in the business, with a television and music operation that generates significant profits for rival Sony Music. Simon Fuller, the youngest, is the impresario who devised American Idol and managed the Spice Girls...

Author: /time Magazine | Title: Will Universal Music's New Boss Keep the Hits Coming? | 3/3/2010 | See Source »

There's pressure on sterling from all sides. The currency fell below $1.50 for the first time in 10 months on Monday after an opinion poll published in a British newspaper suggested that none of the parties contesting the country's upcoming general election would emerge with overall control. A so-called hung parliament, investors deduced, would not likely result in a clear plan to tackle the country's dreadful public finances. (See pictures of the financial crisis in London...

Author: /time Magazine | Title: Pound Woes: Why Britain's Currency Is Falling | 3/3/2010 | See Source »

...bright room, who averaged just 7.78. When their work was checked, it turned out that cheating was rife in the dim room, with the participants there claiming an average of 4.21 more correct answers than they actually got, compared with 0.83 for the other room. Even though none of the subjects put their name on their paper and all were thus anonymous, the darkness still seemed to confer what the researchers called a "false sense of concealment," and that in turn created an additional "licensing effect...

Author: /time Magazine | Title: Why Shady Deeds Are More Likely to Happen in the Dark | 3/3/2010 | See Source »

...intelligence agency reports, including the 2004 testimony of former FBI director Robert Mueller and a 29-page report released by the Justice Department that year, provides countless other specific examples of the act’s contributions to national security. While it would be foolish to assert that none of these successes would have been possible without the Patriot Act, lack of absolute necessity does not equate to lack of value...

Author: By Karthik R. Kasaraneni and Dhruv K. Singhal | Title: Nothing to Hide | 3/3/2010 | See Source »

...Tampte out of business. And Daniel Boulud served what I thought was the most perfectly constructed burger of the night, a DBGB number that included very small amounts of pulled pork placed upon the beef that was nestled under a featherlight brioche bun. For all that flair, though, none of the hamburgers was really new. They were just hamburgers with unusual stuff on top of them. The judges weren't fooled, awarding Michael Schwartz of Miami's Michael's Genuine their top prize for a classically constructed bacon cheeseburger. (See pictures of what the world eats...

Author: /time Magazine | Title: Can Anyone Improve Upon the Classic Burger? | 3/2/2010 | See Source »

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