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Consider GDP. In October, the Commerce Department announced - to rejoicing in the media, on Wall Street and in the White House - that the economy had grown at a 3.5% annual pace in the third quarter. By late December, GDP had been revised downward to a less impressive 2.2%, and revisions to come could ratchet it down even more (or revise it back up). The first fourth-quarter GDP estimate comes out Jan. 29. Some are saying it could top 5%. If it does, should we really believe...

Author: /time Magazine | Title: When Economic Indicators Aren't Worth That Much | 2/1/2010 | See Source »

Warner Bros., which released Edge of Darkness, surely hoped the Gibson movie would do the business of the studio's first 2010 hit, The Book of Eli, the postdoomsday Western starring Denzel Washington, 55. In its third week, Eli has earned nearly $75 million. Instead, Edge looks to approximate the mediocre gross of last year's State of Play, also based on a six-part BBC political thriller, and also starring an Oscar winner (Russell Crowe) in need of a hit. Tip to Hollywood remakers who try synopsizing the madly complex plot of an acclaimed British mini: at least change...

Author: /time Magazine | Title: Avatar Pushes Mel Gibson Off the Edge | 1/31/2010 | See Source »

...Avatar, $30 million; $594.5 million, seventh week 2. Edge of Darkness, $17.1 million, first weekend 3. When in Rome, $12.1 million, first weekend 4. Tooth Fairy, $10 million; $26.1 million, second week 5. The Book of Eli, $8.8 million; $74.4 million, third week 6. Legion, $6.8 million; $28.6 million, second week 7. The Lovely Bones, $4.7 million; $38 million, eighth week 8. Sherlock Holmes, $4.5 million; $197.6 million, sixth week 9. Alvin and the Chipmunks: The Squeakquel, $4 million; $209.3 million, sixth week 10. It's Complicated, $3.7 million; $104 million, sixth week...

Author: /time Magazine | Title: Avatar Pushes Mel Gibson Off the Edge | 1/31/2010 | See Source »

...league's élite quarterbacks - Peyton Manning, Ben Roethlisberger, Carson Palmer and Tom Brady - dropped out, citing injury or, in Manning's case, participation in the Super Bowl on Feb. 7. The result? Garrard's QB sneak, a move that lands him a spot as the AFC's third alternate despite pedestrian numbers and a losing record. (See pictures of Super Bowl entertainment through the ages...

Author: /time Magazine | Title: Is the NFL Pro Bowl Broken? | 1/29/2010 | See Source »

...document reiterates familiar aspirations for boosting the country's security, development and governance, but fixed targets are in shorter supply - and some appear to have been scaled back. For example, Germany, the third largest contributor to the NATO mission in Afghanistan, had been under pressure from its allies to boost its troop commitment, but two days before the London summit it announced an increase of only 500 extra soldiers plus a so-called "flexible reserve" force of 350 deployable at short notice - far fewer than Washington had hoped for, and with an emphasis on training Afghan forces rather than engaging...

Author: /time Magazine | Title: London Afghanistan Summit Glosses Over the Cracks | 1/29/2010 | See Source »

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