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...regulators and politicians are slowing the process, though, it doesn't mean there's no movement. The House, with its solid majority of Democrats and tight control by Nancy Pelosi and House Financial Services chief Barney Frank, is expected to move legislation early in the fall. Senator Chris Dodd, the Senate Banking Committee chairman, faces a tough re-election battle in 2010 and has every reason to push for a bill. His GOP counterpart, Shelby, is a potential obstacle, but aides say the 75-year-old Senator recognizes the need for change: no one wants a taxpayer-funded bailout like...

Author: /time Magazine | Title: Geithner vs. the Regulators: A Time for Swearing | 8/6/2009 | See Source »

...crews filmed Jackson at Checkpoint Charlie, and three minutes later he and his entourage climbed the stairs to the viewing platform and peered into the East. A photograph taken from the East Berlin side and pasted into the two-page report in the Stasi file shows Jackson in a tight-fitting dark jacket, his hands clasped, and wearing sunglasses and a hat. Next to him is the mystery woman in dark sunglasses and a sleeveless dress. A TV microphone dangles on the right-hand side of the photo...

Author: /time Magazine | Title: The Stasi File on Michael Jackson | 8/5/2009 | See Source »

...lovelorn Doc, with quantities of superior weed, plunges into a many-layered plot. It involves, among other things, the LAPD, organized crime, disorganized crime, a lecherous dentist and the Golden Fang, which is sometimes a mysterious schooner, sometimes a no-nonsense drug cartel. Pynchonesque multitudes crowd into the picture. Tight-lipped federales, stoner lawyers, ex-con neo-Nazis with a big thing for show tunes - they tumblesault in every page or two, each bearing, maybe, a piece of the puzzle. (See a 2006 TIME article on Pynchon...

Author: /time Magazine | Title: Thomas Pynchon's Magical Mystery Tour | 8/1/2009 | See Source »

...Congress, there's a bigger battle brewing over the carbon cap-and-trade bill. Co-sponsored by Democratic lawmakers Henry Waxman and Edward Markey, the bill barely passed the House last month and will soon be taken up by the Senate. The legislative fight has mostly centered on how tight the carbon caps should be, but part of the revenues created by the cap - which would require some companies to pay for carbon credits - will be directed to energy research and development...

Author: /time Magazine | Title: Clean Energy: U.S. Lags in Research and Development | 8/1/2009 | See Source »

After high school, Apatow moved to Los Angeles to go to USC but dropped out after two years to focus on his stand-up act. He was tight with Sandler, Carrey and David Spade but came to feel that he couldn't compete with them onstage. So he started writing jokes for Tom Arnold and Roseanne Barr and, after approaching Ben Stiller in line at an Elvis Costello concert, took the helm of the Fox sketch comedy The Ben Stiller Show at the age of 24. There Apatow surprised everyone with his confidence and willingness to fight with network executives...

Author: /time Magazine | Title: Taking Judd Apatow Seriously | 7/30/2009 | See Source »

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