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...horrible bureaucrat and organizer," says Jarreau, who quit his job and began eking out a living in the rich jazz scene of late-'60s California instead. It was after a 1974 Los Angeles show, when he opened for the legendary Les McCann, that he scored a record contract, and in 1975 he released his debut album, We Got By, featuring his trademark genre-bending style. An unsuspecting world was also introduced to a voice that one critic likened to "a full orchestra in his throat...

Author: /time Magazine | Title: The Active Voice | 9/4/2008 | See Source »

...some of the Sotheby's work to Daria Zhukova, a young, London-based art impresario. Her boyfriend is Roman Abramovich, the Russian owner of Chelsea Football Club, who this year alone was widely presumed to be the buyer of a $33.6 million Lucian Freud that set an auction record for the work of a living artist, and an $86.3 million Francis Bacon that set a record for postwar...

Author: /time Magazine | Title: Damien Hirst: Bad Boy Makes Good | 9/4/2008 | See Source »

Considering the Yale professor's recent publishing history, this is quite a relief. In March 2000, as stock prices soared to record levels, Shiller released his first general-audience book. Titled Irrational Exuberance, a phrase borrowed from a 1996 Alan Greenspan speech, it made the case that stock-market investors tend to go mad every few years--and that they were at the time in the grips of perhaps their worst psychotic episode ever...

Author: /time Magazine | Title: Crash Master | 9/4/2008 | See Source »

Likewise, SellaBand.com connects music lovers with unsigned artists looking to record albums. It's a way to bypass the labels; groupies can now fill that role. Musicians have profiles with bios and songs, and as soon as they sell 5,000 shares, at $10 a pop, it's time to head to the recording studio. In two years, more than 30,000 people have ponied up more than $2.5 million, and 25 musicians have cut or are cutting albums. So far, the average return on each $10 investment is about $2.50 from CD sales and ads. The money gets split...

Author: /time Magazine | Title: Crowdfunding | 9/4/2008 | See Source »

...What They're Eating In Britain: The bite of food inflation has more Brits turning to cheap tins of grub. Sales of baked beans, a staple of postwar rationing years, have increased 12% in the past year--to a record $530 million. Across the pond, Americans are experiencing a similar canned-food trend: sales of Spam are up more than...

Author: /time Magazine | Title: The World | 9/4/2008 | See Source »

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