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...that Old Publishing will disappear--for now, at least, it's certainly the best way for authors to get the money and status they need to survive--but it will live on in a radically altered, symbiotic form as the small, pointy peak of a mighty pyramid. If readers want to pay for the old-school premium package, they can get their literature the old-fashioned way: carefully selected and edited, and presented in a bespoke, art-directed paper package. But below that there will be a vast continuum of other options: quickie print-on-demand editions and electronic editions...

Author: /time Magazine | Title: Books Gone Wild: The Digital Age Reshapes Literature | 1/21/2009 | See Source »

...Andrews, it turned out, was not actually a collector but a publisher of newsletters. ("Swine Flu Litigation Reporter" was one of them.) He was also a greeting-card manufacturer who had secured all reproduction rights to the Helga pictures. After the publicity storm had been whipped to a peak, he sold the whole bunch to a Japanese buyer for a reported $45 million. At that point, Wyeth found it prudent to come forward to say there had never been a sexual relationship between him and his model, and his wife announced that actually she had seen some of the pictures...

Author: /time Magazine | Title: Andrew Wyeth's Problematic Legacy | 1/17/2009 | See Source »

...Nikkei to above the 9000 level for the first time in two months. The boost, however, was short-lived, and the Nikkei continued to drop, after losing 42% in 2008. Now hovering just above 8200, the index is about one-fifth of what it was in 1989 at the peak of Japan's stock-market bubble. (See pictures of scared traders...

Author: /time Magazine | Title: Japan's Stock Market Waits on a US Recovery | 1/16/2009 | See Source »

...wave swamping bank earnings has moved away from being caused solely by derivatives. LBO loans, commercial real estate, consumer credit cards, and corporate bankruptcies are building and will not peak until the momentum in joblessness and falling GDP stops accelerating. That could take well over a year...

Author: /time Magazine | Title: Banks: Losing $100 Billion In One Quarter | 1/14/2009 | See Source »

...percent and rising, Obama’s Gallup approval ratings have been surpassed by only two newly elected presidents since FDR: Kennedy approaching the peak of the cold war, and Johnson after Kennedy’s assassination. “That’s the sort of rating you see when the public rallies around a leader after a national disaster,” CNN analyst Bill Schneider remarked last month. Put another way, Americans are seeing a savior where they should see a Democrat...

Author: By Sean R. Ouellette | Title: Idolatry and Ideology | 1/13/2009 | See Source »

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