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...struggled, unsuccessfully, for three decades now to emerge from the shadow of its more moneyed crosstown rival, Manchester United. Even Birmingham's lackluster Aston Villa, after all, maintains a dogged fan base in Thailand's capital. No, the reason Manchester City is taboo in Bangkok is because its new owner is ousted Thai Prime Minister Thaksin Shinawatra...

Author: /time Magazine | Title: Why the Generals Will Root for Man U | 8/16/2007 | See Source »

...tycoon hasn't allowed negative publicity to curb his enthusiasm for his new role as proud owner of a well established team in a league watched by a worldwide TV audience of 570 million. Thaksin has signaled his ambitions by hiring former England coach Sven-Göran Eriksson to run the team, handing the Swede a war chest of almost $80 million to acquire players from clubs worldwide who can help City improve on last season's 14th place in the 20-team league...

Author: /time Magazine | Title: Why the Generals Will Root for Man U | 8/16/2007 | See Source »

...other known Galileo sketches. Bredekamp believes that Galileo, who was overseeing the printing of Sidereus Nuncius, drew the moons on the pages of a proof of the work where copper engravings would subsequently be added for the first edition. Lan, who won't divulge further details about the previous owner, says the original drawings make the specimen "an acquisition of a lifetime," since "so little related to a personal aspect of Galileo is on the market." The book will go on show at his Manhattan gallery for a week in September, says Lan, and will carry a price...

Author: /time Magazine | Title: Galileo's Moon View | 8/16/2007 | See Source »

...owner of the mortgages can use them as collateral to issue bonds to finance other deals. Money from thousands of homeowners covers the interest payments on those bonds. To attract investors, the bonds are rated by risk groups, called tranches (the French word for slices). The more secure the bond, the lower the payoff for investors. Those who buy the riskiest pool of bonds - the ones backed by the riskiest home mortgages - are promised the highest return. ? Mortgage-backed securities ? Pool of mortgages ? Bond tranches ? Risky bonds re-rated...

Author: /time Magazine | Title: Ground Zero of the Real Estate Bust | 8/16/2007 | See Source »

Clearly this is not all pure altruism. Those popular, energy-stingy compact fluorescent bulbs? NBC's owner, General Electric, has managed to sell one or two. "When you have them being a market leader and saying this makes good business sense, people listen to that on [the TV] side," says Lauren Zalaznick, Bravo Media president, who is heading NBC's effort. And green pitches resonate with young and well-heeled viewers (the type who buy Priuses and $2-a-lb. organic apples), two groups the networks are fond of. NBC is confident enough in its green week's appeal...

Author: /time Magazine | Title: Green Screens | 8/16/2007 | See Source »

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