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...Merrill Lynch was a big player - in April 2007 it wrangled more than $1 billion for Summit Entertainment, a new 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 »

...foreign policy. His rising popularity in France suggests that a majority of French citizens are pleased with their President's diplomatic record. They enjoy his charismatic presence on the world scene, reinforced by the beauty and distinction of his wife, Carla Bruni. Sarkozy's audacious Union for the Mediterranean summit in July 2008 in Paris, and his high visibility in his current six-month stint as President of the European Council, stand in striking contrast to the leaden final years of François Mitterrand's second term, or to the two mandates of Jacques Chirac. From the Caucasus...

Author: /time Magazine | Title: Nicolas Sarkozy: At Home Abroad | 9/17/2008 | See Source »

...People's Republic's only formal attempt at international alliance-making - is called the Shanghai Cooperation Organization. Of course it's simply named for the city where it was inaugurated, but the point for proud locals is that the Chinese government chose to host an important international security summit in Shanghai rather than in the capital...

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

...meeting, which will include European Union ministers, national governments and Roma organizations, is the first time the E.U. has organized a senior level summit on the Roma. The conference, which aims to begin forging a new policy based on inclusion, is well timed. Recent episodes, especially in Italy, home to some 150,000 Roma, one of the highest populations in Europe, have reminded Europeans of a problem many would rather forget. Last spring, local residents angry over crimes they blamed on Roma, burned down Roma camps on the outskirts of both Naples and Rome. Then, in July, a newspaper photographer...

Author: /time Magazine | Title: Preparing for a 'Gypsy Summit' | 9/15/2008 | See Source »

...became a co-sponsor this year of a national-service summit whose mission is to make national service a reality for all Americans. We partnered with ServiceNation, a new coalition of 110 organizations dedicated to volunteer service, to convene a two-day gathering in New York City, on Sept. 11 and 12, that we're confident will have a lasting significance...

Author: /time Magazine | Title: What We Can Do | 9/11/2008 | See Source »

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