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...from perfect - a concept car it revealed at the Paris auto show this year had its tires mounted backwards - but it received a boost last fall when American financial wizard Warren Buffett bought 10% of the company for $230 million, a stake that is now worth at least four times as much. "BYD is obviously way ahead of everyone," says Jack Perkowski, a Beijing-based businessman who has worked as an executive in the Chinese auto industry. "It has a core competency in the fundamental technology you need for electrics...

Author: /time Magazine | Title: Electric Cars: China's Power Play | 8/31/2009 | See Source »

...works in a windowless 8-by-8-ft. server closet, like a Web Wizard of Oz ("It gets really hot with the door shut, so meetings have to be short," he says), admits he knows what he's looking for only when he sees it. "You can't really explain why it's funny," he says. "That's part...

Author: /time Magazine | Title: Building a Media Empire Around I Can Has Cheezburger | 8/24/2009 | See Source »

...Jewish T-bill," as in risk-free. Of course, there was no investing. For more than two decades, he used an ever larger stream of money from new investors to pay off earlier ones. His résumé supplied a perfect cover: former head of Nasdaq, a tech wizard who brought computerization to Wall Street...

Author: /time Magazine | Title: Bernie Madoff — Publisher's Best Friend? | 8/17/2009 | See Source »

...Mont., and headed inside to get a good seat. If you understood the reference, then you won't be surprised that even in a recession that has been very kind to Hollywood generally - ticket sales are up 12% this year - the reception of the sixth installment of the boy wizard's story has been spellbinding. The film raked in almost $400 million worldwide in its first five days, breaking an industry record set in 2007 by Spider-Man 3 and bringing the franchise total close to $5 billion...

Author: /time Magazine | Title: The Moment | 8/3/2009 | See Source »

...professors used the case of the Hogwarts House Elves to explicate contract law; the teenagers like those who flocked to a midnight showing in Illinois, who were just learning to read when the first novels appeared and who can now drive themselves to the theater wearing witches' hats and wizards' robes. And then there's the new generation of fans who, rather than having to wait years to find out what happens next, can lock themselves in their rooms for magical marathons and read all 4,100 pages at once or host their own Wizard Film Festival...

Author: /time Magazine | Title: The Moment | 8/3/2009 | See Source »

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