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...weeks reciting what has become a rather predictable litany of sins committed by the film - that it is voyeuristic "poverty porn," that it is implausible and hackneyed, that it's a Western vision of India in which there is nothing but misery, filth and violence. (Aravind Adiga's The White Tiger, which won last year's Man Booker literary prize, generated a similar round of complaints...

Author: /time Magazine | Title: The Oscar Goes To ... | 2/26/2009 | See Source »

...valuation of a mortgage bond like Jupiter is a white-hot argument. Most Wall Streeters agree that a large number of such bonds--amounting to hundreds of billions of dollars, perhaps trillions--are worth far less than their stated, or par, value. How much less is central to resolving the financial crisis. In early February, Treasury Secretary Timothy Geithner said he wanted to start a public-private partnership to buy up toxic assets. Banks hold tens of billions of dollars in mortgage bonds, and as the bonds fell in value or were wiped out completely, they erased precious capital...

Author: /time Magazine | Title: One Bad Bond | 2/26/2009 | See Source »

...credit, Bono never stops noodling with ways to make a connection. He slips into characters (a soldier in "White as Snow," a journalist in "Cedars of Lebanon"), scats like a young Beat poet and, in a moment he will probably regret, impersonates your office IT guy ("Restart and reboot yourself") on a ham-fisted attempt at life-coaching. Multiple times he asks, "Let me in the sound," as if looking for a place to hide...

Author: /time Magazine | Title: U2's Unsatisfied — and Unsatisfying — New Album | 2/26/2009 | See Source »

...presidential limousine, though one of George W. Bush's first official acts was to remove them. The protest plates have not returned to President Barack Obama's ride, and some locals are growing impatient. "[It's] just something that the President hasn't gotten to yet," a White House spokesman recently insisted...

Author: /time Magazine | Title: Washington, D.C. | 2/26/2009 | See Source »

...keep the government running for the rest of fiscal 2009, since Congress agreed on only three of the 15 appropriations bills last year and the stopgap measure it passed expires on March 6. Despite the fact that congressional Democrats crafted much of the bill after Obama was elected, the White House argues that the pork-laden bill - which increases federal spending across a range of Cabinet departments by 8% - is part of the prior Administration's legacy. "What may be next week's bill is last year's legislation," said White House spokesman Robert Gibbs. (See the top 10 outrageous...

Author: /time Magazine | Title: Does Obama Have a Double Standard on Earmarks? | 2/26/2009 | See Source »

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