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...character of Sammy Glick, his novel's screenwriter antihero, as such a crass schemer, appropriator of other men's work and trampler of decency that no one could possibly mistake him for a role model. Yet Sammy became just that for many a brash entrepreneur in Hollywood and on Wall Street. Schulberg later said he was pained that Glick, reputedly based on writer-producer Jerry Wald, had become a template for go-getter corporate America. The novel did not endear Schulberg to Mayer, who told B.P. that Budd should be deported. "He's a U.S. citizen," B.P. supposedly answered. "Where...

Author: /time Magazine | Title: Budd Schulberg, Boss of the Brando Waterfront | 8/6/2009 | See Source »

...wind must have been coming from the wrong direction," he says. "I was really close to the Wall and could see the Reichstag. But I couldn't hear the concert...

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

...impossible to say whether the Stasi's fears of Michael Jackson were justified. But two decades later, Checkpoint Charlie is a museum, the Wall all but gone, and Berlin Mitte, the city center, has been returned to shopkeepers, restaurants and offices. Maybe the power of pop had something to do with...

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

...them have the ability to execute at lightning speed, and the closer their computers are to the ultimate destinations, i.e. exchanges, the more of an advantage they have," says Arnuk, whose paper began circulating several months ago, setting Wall Street abuzz. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: High-Frequency Trading Grows, Shrouded in Secrecy | 8/5/2009 | See Source »

...data center, created because "co-location space has gotten pretty scarce," White says, is set to open next year in Mahwah, N.J. Another is planned to open next year in the U.K. just outside London. (Though the new facilities will be far from the NYSE headquarters on Wall Street, it's proximity to the exchange servers that matters to traders, and those servers will surely be at the new sites...

Author: /time Magazine | Title: High-Frequency Trading Grows, Shrouded in Secrecy | 8/5/2009 | See Source »

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