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...result of tax cuts and increased military and other spending. Back then, the American economy entered a turbulent decade of budget consolidation that included a short but potent recession and bitter battles over spending cuts. Tyson and Sachs believe President Bush may be in for an equally turbulent ride during his second term. The Bush Administration is promising to reduce spending over the next five years. But as it pursues a massive plan to overhaul the nation's Social Security system, which is likely to face stiff resistance, tackling the deficits does not seem high on the agenda. Tyson said...

Author: /time Magazine | Title: On the Brink of Trouble? | 2/22/2005 | See Source »

Freston's idea is to ride the Zeitgeist, keep his stable of semi-indie divisions productive and use the allure of his hip brands to attract fresh, young (and, pssst, cheap) talent. "I want us to be a place where you build relationships with up-and-coming people," he says, "give them a comfortable home so they can be in your solar system." And then, the dream goes, Paramount can roll out the occasional megamovie, like this summer's War of the Worlds, directed by Steven Spielberg and starring Tom Cruise (who also has a production deal with Paramount...

Author: /time Magazine | Title: Can This Man Save Paramount? | 2/21/2005 | See Source »

Fasten your seat belts, we may be in for a bumpy ride. Even before it opens next month at Boston's Museum of Fine Arts (MFA), "Speed, Style and Beauty: Cars from the Ralph Lauren Collection" is producing wary reactions. The Boston Globe has predicted that MFA director Malcolm Rogers will get a hard time from his critics, not for accepting Lauren's automobiles, but for succumbing to his public relations machinery. Art critics and museum professionals have in the past accused Rogers of pandering to popular taste to pump up admission figures, and of cashing in on the museum...

Author: /time Magazine | Title: Baby, You Can See My Cars | 2/21/2005 | See Source »

...four times a year, and to keep the programmers on point it holds events like these--they're known internally as green-ups--every few months. Over the course of three days, they eat MREs (the consensus: chili macaroni good, black bean and rice burrito very very bad), ride in Black Hawks ("That feeling has to be there," Bossant says. "We need that zoom!") and wander around a frozen meadow in the dark wearing night-vision goggles. One of the game designers noticed that the goggles throw off less green light than he expected. That will be reflected...

Author: /time Magazine | Title: The Army's Killer App | 2/21/2005 | See Source »

...WITH YOU ONCE WHEN YOUR FANS SORT OF GOT OUT OF HAND. YOU SAID, "WELL, WHEN YOU SIGN ON, YOU SIGN ON FOR THE WHOLE RIDE." WOULD YOU LIKE TO EXPAND ON THAT A LITTLE? It's just, you know, a trail boss--ism. I used to get a kick out of actors who'd have 10 minutes of fame and they'd start going, "Oh, my God, I can't stand this, and I don't really like it and I just wanted to be an actor. I didn't want to really be successful...

Author: /time Magazine | Title: Clint Eastwood on "Baby" | 2/20/2005 | See Source »

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