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...studio that is releasing the hotly anticipated movie Twilight in November. It also backed a $500-million production facility for MGM's United Artists division, which is releasing the less promising-looking Tom Cruise vehicle, Valkyrie, in December. "Do those deals happen in today's market?" asks a rival studio executive. "I'm not sure about that...

Author: /time Magazine | Title: Financial Crisis Puts Squeeze on Hollywood | 9/18/2008 | See Source »

...House--on the idea that each disdains and would not practice the gutter partisan politics of the past. Yet what was once expected to be a more high-minded campaign has quickly eroded into something disappointing and familiar. Both candidates have trampled the truth, overlooked the details, trashed their rival's records and then hijacked each other's words miles away from the proper context. And each has made a minor specialty of attacks that have more to do with character than with any new direction the nation needs to go. Obama's ads systematically portray McCain as old, forgetful...

Author: /time Magazine | Title: Facts, Fables & Fibs | 9/18/2008 | See Source »

...Livni, 50, an earnest, straight-talking former lawyer, defeated her closest rival, Transportation Minister Shaul Mofaz, an ex-general, by a 1.1% margin. Livni won 43.1% of the vote compared with Mofaz's 42%. It was so close that some Mofaz stalwarts are insisting on a recount. Voter turnout in the Kadima primaries was also so low that Israeli newspaper Haaretz noted acidly that 10 times as many Israelis turned out to cast their ballots for the country's version of American Idol as to pick the candidate likely to become the next premier...

Author: /time Magazine | Title: Livni Wins Party Vote to Succeed Olmert in Israel | 9/18/2008 | See Source »

...benchmark stock index has plunged to its lowest point since late 2006, and even the Japanese developer of the Shanghai World Financial Center admits that a real-estate slide has affected tenancy, with just 45% of the tower currently occupied. The hosting of the Olympics by Shanghai's northern rival only added insult to injury, even if local papers hastened to note that Shanghai's athletes broke more world records than those from any other Chinese city...

Author: /time Magazine | Title: Shanghai: After Beijing Games, Back in the Spotlight | 9/17/2008 | See Source »

...frontrunner in Kadima, according to the latest Haaretz-Channel 10 polls, is Foreign Minister Tzipi Livni with 47% of the party vote. Her nearest rival, the more hawkish Transportation Minister Shaul Mofaz has only 28% according to the poll. (To win the party leadership in the first-round primary, the top candidate must win at least 40% of the vote...

Author: /time Magazine | Title: Who Will Follow Olmert as Israeli Prime Minister? | 9/17/2008 | See Source »

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