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...case for happy is that a mere nine months after the U.S. and Europe teetered on the brink of financial collapse, one of the stalwarts of the global financial system appears to have returned to robust health. Goldman has paid back, with interest, the $10 billion that taxpayers gave it in October. It's making bets and taking risks again (most of the profits came from Goldman's trading operations), which is what capitalism is about. "Is there a law in the United States that you can't make profits?" Democrat Paul Kanjorski, a senior member of the House Financial...

Author: /time Magazine | Title: The Moment | 7/27/2009 | See Source »

...like it, but there it is. Producing something that someone is willing to pay for - while not selling out - may make our work possible. Whereas moralizing, plus a buck or so, will buy you a cup of robust, piping hot Dunkin' Donuts coffee. That one was free, fellas...

Author: /time Magazine | Title: What Price Journalism? What Would You Pay? | 7/27/2009 | See Source »

...legislation, he has refused to spell out in detail what it should look like. Meanwhile, White House chief of staff Rahm Emanuel has been talking up the possibility of setting up a public plan only as a fallback if the private-insurance industry fails to create a robust and competitive market for health coverage. "The goal is to have a means and a mechanism to keep the private insurers honest," Emanuel told the Wall Street Journal. "The goal is nonnegotiable; the path is" negotiable. (See the top 10 medical breakthroughs...

Author: /time Magazine | Title: Time for Obama to Step In? | 7/16/2009 | See Source »

...this civilized sanctuary is no bargain. While its easy charms have seduced generations of devotees, Bermuda has never been on the money-conscious traveler's itinerary. This summer, though, Bermuda is celebrating its 400th anniversary - and hoteliers, airlines and vacation-package providers are offering robust discounts to court visitors. Considering that Bermuda is also easy to access (flights from New York City take just over two hours) and that its latitude - due east of North Carolina - means perfect summer weather (while the Caribbean's tropical isles heat up), for the uninitiated, there may be no better time...

Author: /time Magazine | Title: Why Bermuda? It's Close, Warm and Suddenly Cheap | 7/15/2009 | See Source »

...Universal had high hopes for Brüno's opening weekend. Buoyed by the film's robust $1.6 million at Thursday midnight screenings and impressive pre-buys of tickets on Fandango and other sites, a studio insider told industry blogger Nikki Finke on Friday morning, "If it holds up, we'll do $50 million." The Friday figures supported that optimism: Brüno amassed a sensational $14.4 million. But the movie plummeted nearly 40% its second day, to $8.8 million. Meanwhile, the next five movies on the chart - Ice Age 3, Transformers 2, Public Enemies, The Proposal and The Hangover...

Author: /time Magazine | Title: Box-Office Weekend: Brüno a One-Day Wonder? | 7/13/2009 | See Source »

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