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...Apple's Steve Jobs: "At one point, [EMI's top new-media exec Ted] Cohen remembers John Rose, then an EMI vice president, writing demographic sales statistics on a thirty-foot-long whiteboard in an Apple conference room. Afterward, Jobs stood up, walked to the whiteboard, which was entirely empty save for the one square foot where Rose had scribbled, and erased it completely. Rose was undeterred by this blatant power maneuver. 'John, God bless him, erased what Steve Jobs wrote and wrote something else over that,' Cohen recalls. 'They were erasing each other's words for about ten minutes...

Author: /time Magazine | Title: The Music Biz: Murder or Suicide? | 1/22/2009 | See Source »

...1800s, it stood by while banks failed. That's not a real option today. The modern world simply isn't prepared to survive a financial shutdown. But handing banks cash and hoping things will work out is no solution either. What's needed is a new beginning: new management, new investors, new boards of directors, in some cases new institutions. That's how Citi, and the financial system in general, returned to health in the past. And that's what the next stage of the bank bailout will have to emphasize if it's going to stand a chance...

Author: /time Magazine | Title: Citibank: Teetering Since 1812 | 1/21/2009 | See Source »

...most of the nation celebrated a hallmark of racial reconciliation on Tuesday, Oakland stood apart. For the past two weeks, the California city has been engulfed by racially tinged protests over the brutal New Years Day killing of 22-year old Oscar Grant III by transit officer Johannes Mehserle. Grant and a few friends were returning home from New Years Eve revelry, when they were stopped by Bay Area Rapid Transit Police for rowdy behavior. As documented by several amateur cell phone videos, Grant, who was unarmed, appeared to act cooperatively. Mehserle, however, threw him facedown onto the ground...

Author: By The Crimson Staff | Title: Policing the Police | 1/20/2009 | See Source »

...last resort. And the rising cost of failures puts ever more pressure on the FDIC's insurance fund. In the first nine months of 2008, the fund had to pay out nearly $18 billion to depositors of failed institutions. At the end of the third quarter, the fund stood at $34.6 billion, down 34% from the end of 2007 to its lowest level since...

Author: /time Magazine | Title: Can the FDIC Handle Its Growing Job? | 1/19/2009 | See Source »

...Cheney is also one of the least popular Vice Presidents ever. A New York Times/CBS News poll gave Bush a final 22% favorability rating, which was nearly twice that of his Vice President, whose approval rating stood at an anemic...

Author: /time Magazine | Title: As Dick Cheney Prepares to Depart, His Mystery Lingers | 1/19/2009 | See Source »

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