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Despite the fact that, in Web time, July 2010 is an eternity from now, Murdoch clearly felt the need to do something quick. He made the announcement while discussing News Corp.'s dire year-end results: his empire took a stinging $203 million loss in the fourth quarter, and operating income was down 30% for the year. All in all, the company swung from a $5.34 billion profit the year before to a $3.38 billion loss in the fiscal year that just ended. Murdoch cares little for Wall Street, but he knows his investors need to have confidence that...

Author: /time Magazine | Title: Will Rupert Murdoch Be the Pied Piper of Paid Content? | 8/11/2009 | See Source »

...30pm: Outside Nikola Tesla Airport, cab drivers approach us in quick succession after I arrive with my boyfriend and his sister for a three-day trip to visit his friend from college. We've been warned to be wary of unmetered 'gypsy' cabs run by drivers eager to overcharge clueless tourists. My boyfriend tries to reason with one, insisting that his friend, a Belgrade native, assured us that a cab would cost no more than 1,500 dinars— nothing close to the 2,500 the cabbie has quoted. The driver retorts, "Well, why doesn't your friend pick...

Author: By Lena Chen | Title: 24 Hours in Belgrade | 8/11/2009 | See Source »

This wasn't a simple protest vote, even if bruised centrist politicians were quick to dismiss the results. Over the years, far-right fortunes have surged, only to ebb as the parties have shot themselves in the jackboot with internal feuds and rickety organization. Now outfits such as the BNP are learning from past mistakes: they're slicker, and combine old-fashioned grassroots activism with Internet campaign techniques borrowed from the Obama playbook. They're also well placed to exploit the disillusionment with traditional politics that has seen voter turnouts in European and national elections plummet, and membership...

Author: /time Magazine | Title: The March to the Far Right | 8/10/2009 | See Source »

...long career and jumped find a pool, she would sink." What we find out is how much Pip's triumphs cost and how they change her. The story may not lend itself to a neatly plotted ending, but with a novel as fun and imaginative as Swimming, you're quick to forgive such a minor failure. It deserves a medal for taking the plunge...

Author: /time Magazine | Title: Master Stroke | 8/10/2009 | See Source »

...that we used to be prudent with our money and only recently did we go astray. What's the real history? Americans are speculative people. During and after the Civil War, for instance, there was a lot of stock market and commodities speculation - people trying to make a quick buck. But it was only when financial institutions picked up on that and provided the methods whereby you could buy now and pay later - that very simple concept - that things started to change structurally. Now Americans are more highly leveraged than they were in the past. (See 25 people to blame...

Author: /time Magazine | Title: How Americans Got into a Credit-Card Mess | 8/8/2009 | See Source »

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