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...Granted, it's mostly the small stuff that has gone wrong. As of Thursday, some smartly dressed press staffers were working without login access to their computers, without Blackberries and with only Gmail addresses to connect them to the world. Several names were misspelled on the signs that identified staff desks. It took the press office until about 10 a.m. on Wednesday to figure out how to send reporters an official White House press release. "That's great news," said deputy press secretary Bill Burton, when a reporter announced that the first e-mail had been received. "Ready...

Author: /time Magazine | Title: The Obama Team's Debut: Not Quite Ready on Day One | 1/23/2009 | See Source »

...liquidation firms certainly do. In many deals, they pay the bankrupt company for access to the merchandise, and only profit if they sell enough stuff. These "guarantee" deals carry lots of risk. Take Circuit City. The four liquidation companies, the Great American Group, SB Capital Group, Tiger Capital Group and Hudson Capital Partners, together paid some $800 million for Circuit City's merchandise, which is worth around $1.7 billion at retail. The firms must also pay the company's expenses - payroll, rent and store operating costs - for the duration of the liquidation, which will likely take eight weeks. Here, Circuit...

Author: /time Magazine | Title: How Liquidators Profit from Circuit City's Loss | 1/22/2009 | See Source »

...itself, but in “Aurélia’s Oratorio,” the figure also carries a hat and purse on her elevated feet. There is a strong sense of wonder to the production, but it maintains a dark undercurrent that makes it more the stuff of Edward Gorey than Dr. Seuss. And so “Aurélia’s Oratorio” manages to stay pitch-perfect, with a few exceptions. In one of the weaker moments, a disco ball appears onstage, and the generally unobtrusive score switches to an accordion-inflected...

Author: By Molly O. Fitzpatrick, CONTRIBUTING WRITER | Title: 'Oratorio' A One Woman Wonder | 1/22/2009 | See Source »

...there's actual demand for this stuff. In theory, publishers are gatekeepers: they filter literature so that only the best writing gets into print. But Genova and Barry and Suarez got filtered out, initially, which suggests that there are cultural sectors that conventional publishing isn't serving. We can read in the rise of self-publishing not only a technological revolution but also a quiet cultural one--an audience rising up to claim its right to act as a tastemaker...

Author: /time Magazine | Title: Books Gone Wild: The Digital Age Reshapes Literature | 1/21/2009 | See Source »

...early part of this decade. The IMF is an international organization and does not automatically withhold these taxes on behalf of its employees as U.S. companies do. IMF employees have to pay that portion of their tax bills themselves. Apparently figuring out what is owed is tricky stuff, and at least one accountant reportedly told Geithner he had made all necessary payments...

Author: /time Magazine | Title: Tax Tips for Timothy Geithner | 1/21/2009 | See Source »

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