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...next year. Fannie and Freddie, which guarantee to pay lenders and investors in the event that a borrower defaults, were set up by Congress. But while they were run as private companies, it was long understood that if the companies ran into trouble, the government would step in to save them, which is exactly what happened. (Read "Will President Obama's New Housing Plan Work...

Author: /time Magazine | Title: The Future of Fannie and Freddie: Chief Says Government Ownership Is Bad | 6/19/2009 | See Source »

...peak of his career to date with Year One, a comedy set in biblical times. By playing once again the sweet, stammering smart guy, although this time in a Spinal Tap wig and caveman furs, Cera can't stop Year One from being a bad movie, but he does save it from being a catastrophe. He plays Oh, an inept gatherer who is best friends with an even more inept hunter named Zed (Jack Black). They're kicked out of their village - the wisest act committed in that community since the decision to rub two sticks together - and proceed...

Author: /time Magazine | Title: Year One: Jokes from the Stone Age | 6/18/2009 | See Source »

...script from hot writers Jon Lucas and Scott Moore (Four Christmases, Ghosts of Girlfriends Past). Virtually every joke either is visible long before it arrives or extends way past its expiration date. Even the welcome presence of Heather Graham and a deeply weird cameo by Mike Tyson can't save a bromance so primitive it's practically Bro-Magnon...

Author: /time Magazine | Title: A Night to Forget | 6/15/2009 | See Source »

...executive chairman of Palm Inc., Rubinstein, a wiry 52, is a marathoner. So I persevered. I was trying to find out the answer to a question that's riveting the tech world these days: namely, Will the Pre save Palm? An iconic Silicon Valley company that pretty much launched - then lost - the smart-phone category, Palm has been teetering on the brink of irrelevance. But now it's fighting back with the Pre, the much hyped smart phone that Rubinstein & Co. have been working on for two years; it launched June 6 ($199 at Sprint stores in the U.S.) with...

Author: /time Magazine | Title: The Pre: Palm's Plot to Take on the iPhone | 6/15/2009 | See Source »

...color lithography, which revolutionized advertising and packaging and helped developing brands strengthen their identities. Using this new technology, companies began including small cigarette cards in every box as premiums. These collectible trading cards depicted movie stars, famous athletes and even Native American chiefs. While they were eventually discontinued to save paper during World War II, some of the rarer cards, like former Pittsburgh Pirate Honus Wagner, still sell for more than $2 million today...

Author: /time Magazine | Title: Cigarette Advertising | 6/15/2009 | See Source »

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