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...comparable was the late 1980s, the decade that birthed LBOs, so called because firms got a lot of their buying power from debt, or leverage--particularly high-yield, risky junk bonds. Raiders feasted on bloated conglomerates such as Beatrice, buying them up, busting them apart and reselling at a profit--until the economy slipped into recession. The ensuing bankruptcies killed off the junk-bond market, and the deals dried up. The late 1990s saw a tech-driven LBO resurgence, but that too ended with the 2000 bubble burst...

Author: /time Magazine | Title: The Big Deals Wheel Again | 7/30/2006 | See Source »

...they cogently argued that Hammett and Chandler, and Thompson and David Goodis and others, were worth cherishing (and that writers like Wilson, who's forgotten today as a novelist, weren't.) Yet in this rush to validate the pulps, Spillane was curiously forgotten - a prophet without honor. But with profit. Those royalties kept rolling...

Author: /time Magazine | Title: The Prince of Pulp | 7/22/2006 | See Source »

...victim of a recycling crime. The center's lone bathroom was stripped of copper pipe, spewing gallons of water out during drought restrictions on water usage. Fortunately, a homeless man cut off the water. Still, the $12 worth of copper mined from the sink cost the small non-profit $800 in repairs...

Author: /time Magazine | Title: Why Air Conditioner Thefts are Heating Up | 7/21/2006 | See Source »

Hizballah too hopes to profit from aggression. Israel holds only three Lebanese prisoners, but the group's leader, Hassan Nasrallah, grandly noted that he also was making the release of Palestinian detainees a condition for freeing his Israeli captives, which would bring him and his group glory, both in the Arab world and Lebanon's Palestinian refugee camps. And following the abduction with a rain of rockets on Israeli towns and villages may have bolstered the group's ability to intimidate Lebanon's government and force it to ignore the U.N. Security Council's demands that Hizballah's fighters...

Author: /time Magazine | Title: Roots of Crisis: Why the Arabs and Israelis Fight | 7/16/2006 | See Source »

...movies in a row of all time," he says--not as a boast but to explain Hollywood math. His films are relatively inexpensive to shoot, costing about $65 million to $68 million. "If you're not betting on me," he says, "then nobody should get money. I've made profit a mathematical certainty. I'm the safest...

Author: /time Magazine | Title: M. Night Shyamalan's Scary Future | 7/16/2006 | See Source »

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