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...movie they had just finished watching and the reviews they had read in the New York Times, Entertainment Weekly and the New Yorker. Within a single day, Swanberg had experienced a process that usually takes even the luckiest independent filmmaker a year - or longer - to go through. Reached via phone on Sunday evening, he was clearly overcome by it all. "I feel like I can say this is a watershed moment," he said. "The promise of the digital revolution, this democratization of movies, is now really happening...

Author: /time Magazine | Title: The Film Festival Comes to Your Living Room | 3/18/2009 | See Source »

...What Dell really risks is playing the fool in front of its investors again. The company was late getting into the retail business and away from the model of selling all of its machines via the internet or phone. As rivals like Hewlett-Packard (HPQ) have moved further into the software and services businesses, Dell has been flat-footed. Dell plans to get into the handset business, which is already crowded with cut-throat competition from RIM (RIMM), Apple (AAPL), Nokia (NOK), and Samsung...

Author: /time Magazine | Title: Dell Launches PCs for Billionaires | 3/17/2009 | See Source »

...buzz on Monday afternoon in the newsroom of the Seattle Post-Intelligencer was not the usual cacophony of clacking keys, phone interviews and news meetings. Instead, it was the sound of reporters putting to bed their final stories, sifting through receipts to prepare their final expense reports, feeding years of reporting notes into an industrial-size shredding bin and tidying away the mementos of their P-I careers in cardboard boxes. Some were on the phone, of course, but this time, they were the story that others were writing. "Hey," said business reporter Dan Richman to a colleague...

Author: /time Magazine | Title: After the P-I's Demise, Will Seattle News Live? | 3/17/2009 | See Source »

...largest quarterly loss in corporate history. (If it is any consolation, senior managers in the financial-products division will make about 43% less in 2008 than they did a year earlier, according to the company.) As Fed Chairman Ben Bernanke put it, "It makes me angry. I slammed the phone down more than a few times discussing AIG. I understand why the American people are so angry. It's absolutely unfair...

Author: /time Magazine | Title: Obama's AIG Outrage: All Talk, No Action | 3/17/2009 | See Source »

...Shanda also expects to tap into China's increasing trend of cell-phone reading and has a social-networking site in the pipeline to try to build a steady user base. Still, Hou realizes that to expand readership further in the long term, it may not be enough to rely solely on amateur writers and their largely similar tomb-raider or martial-arts novels. "We have been in talks with big-name writers like Yu Hua as well," says the CEO. "We will be much more comprehensive than...

Author: /time Magazine | Title: Avoiding Censors, Chinese Authors Go Online | 3/16/2009 | See Source »

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