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...Sunrise He was born Lester Polsfuss (the family soon simplified the name to Polfus) in Waukesha, Wis., 18 miles west of Milwaukee. Encouraged by his mother, he learned piano, guitar and harmonica. His curiosity led him to all sorts of precocious experiments, like poking new holes in player-piano music to make new melodies, or, at 13, disconnecting a console-radio speaker and attaching a phonograph pickup. He bought his first Gibson guitar, an L-5 acoustic, which he promptly electrified. In local performances, he wired his guitar to radios stage right and left - voilà, stereo...

Author: /time Magazine | Title: Death of the Guitar Man: Les Paul (1915-2009) | 8/13/2009 | See Source »

...first records in 1936, backing blues singer-pianist Georgia White as she belted out Andy Razaf's raunchy threat, "If I can't sell it, I'll keep sittin' on it, before I give it away." A year later, he formed his first trio, with bass player Ernie Newton and rhythm guitarist Jim Atkins (the elder half brother of Chet Atkins, with whom Paul cut the 1995 album Chester and Lester). They went east, and the Les Paul Trio got a New York City club date. More than 70 years later, another Paul trio was playing weekly gigs at Iridium...

Author: /time Magazine | Title: Death of the Guitar Man: Les Paul (1915-2009) | 8/13/2009 | See Source »

...Following similar logic, private players Jet Airways and Kingfisher, owned by the liquor baron Vijay Mallya, are expanding existing budget operations to try to increase business during the economic downturn. They aren't starting from scratch. Both airlines already had rechristened budget carriers - Jet Lite and Kingfisher Red - acquired in 2007. Now they are transferring capacity to the economy fleets. Kingfisher Red jets are flying more routes; as a result, about 75% of all domestic passengers that now fly with Kingfisher are traveling budget class, up from 50% a year ago. Meanwhile, Jet Airways, India's oldest private player...

Author: /time Magazine | Title: India's Airline Industry Goes From Boom to Bust | 8/12/2009 | See Source »

...grand-jury indictment. This usually means the person has taken a plea and is cooperating with prosecutors to get leniency in sentencing, he says. "Is he going to take down the remaining house of cards? I can't say that, but I would think he could be a significant player in the mosaic," says Bernfeld...

Author: /time Magazine | Title: Madoff Exec Pleads Guilty, Says Insiders Knew of Fraud | 8/11/2009 | See Source »

...Hunter figures GMAC had already plowed about $88,000 per lot into the neighborhood by laying down streets and sewer lines. In the fire sale, he spent $52,000 a pop. And so the land was recycled - from an overextended national company to a more nimble local player able to put it to good economic use. It was, in its own small way, a step back to normal...

Author: /time Magazine | Title: How the Housing Market Is Fighting Its Way Back | 8/10/2009 | See Source »

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