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...been chanting for months, ever since former Treasury Secretary Henry Paulson arrived in late September on Capitol Hill to warn of disaster, pass around his three-page plan and demand $700 billion to fix the problem. Most members of Congress were so spooked they were ready to write a check, until their phone lines started melting with the angry voices of taxpayers demanding details about the likely return on the investment. But even the minimal strings attached did not prevent the first $350 billion from vanishing, with the government overpaying about $78 billion for the assets it bought. The banks...

Author: /time Magazine | Title: In Defense of the Recession Blame Game | 2/12/2009 | See Source »

...millions of people would rather be entertained by the Oscars than by this column. So I felt vindicated when I got an e-mail three weeks ago from John Palermo, the producing partner of this year's host, Hugh Jackman, saying he liked my work and wanted me to write for the Academy Awards. I wasn't exactly sure how the Academy expected me to craft an opening in which Jackman quickly segued into talking about me and my sophomoric sexual obsessions, but I was up for the challenge...

Author: /time Magazine | Title: I Wrote the Oscars! | 2/12/2009 | See Source »

...soon became clear that not only was writing for the Oscars not the hardest job of my life, it wasn't even the hardest job of my week. We brought in a guy who wrote music, and six days later, the opening number was complete. It's not bad, and when Jackman sings it, it's great. Because while we weren't smart enough to write great jokes, we were smart enough to figure out that Oscar audiences don't remember jokes. They remember whether the host set the celebratory mood, as Crystal...

Author: /time Magazine | Title: I Wrote the Oscars! | 2/12/2009 | See Source »

...back my personal freedom! I have done so many things in my work to satisfy the public. This kind of commitment means I have lost my private life. Would I like to make a film someday, or travel more or write a book? Sure. But my work in fashion has kept me from doing these things. That is my only regret...

Author: /time Magazine | Title: 10 Questions for Giorgio Armani | 2/12/2009 | See Source »

...video TV Guide to rely on--though some start-ups, like eGuiders.com are trying to create one--so your social connections become your TV guide. And the same interactivity that enhances regular TV-watching is even more immediate with laptop in hand. When I watch Lost, I rush to write a blog post--not so much to get my thoughts out as to see the comments fill and find out what other people thought. When the show is over, it's just begun...

Author: /time Magazine | Title: A TV Critic in the Post-TV World | 2/12/2009 | See Source »

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