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...like the Dow Jones average, but they're grounded less in facts than in wish fulfillment. They take the hard data on the Friday and Saturday grosses, then add each studio's educated guess as to how its movie is likely to do on Sunday. Sometimes those guesses are wrong. A month ago, Up was declared the weekend winner over The Hangover, but the Vegas comedy lured more customers than Warner Bros. had expected, and on Monday The Hangover proved...

Author: /time Magazine | Title: Ice Age vs. Transformers: It's a Draw! | 7/5/2009 | See Source »

Moore is right that the rock mag's piece contains a bit of exaggerating and a whole lot of hyperbole. But to call it not real journalism or lacking substance is wrong. There are plenty of facts to back up the case that Goldman generates large profits by taking advantage of others. Goldman is the only Wall Street firm so far to have paid to settle charges - $60 million to the state of Massachusetts - for creating the rotten mortgage bonds that were at the heart of the recent financial crisis. And get this: contained in Goldman's client form...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

Goldman responds that this type of language is common on Wall Street. And that is the problem, and the problem with Rolling Stone's article as well. Goldman has done plenty wrong, but not much alone. Goldman may have assisted in the dotcom and housing bubbles, but it is wrong to say that it was the single blower. The only thing Goldman is solely at fault for is being a bit better at playing the game than its peers...

Author: /time Magazine | Title: Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown | 7/3/2009 | See Source »

...what's wrong with cheap, in a nutshell? Well, in a nutshell, it comes back to bite us in the ass. It's short-term gratification and long-term pain. Now, I'm a rabid bargain hunter. Ask my kids. When I come back from the store and I have four boxes of cereal, they know that cereal is on sale. I'm what behavioral psychologists call "deal prone." And yet I noticed this wasn't really saving me any money - in fact, it was costing me money. I went and looked at the data and found that since...

Author: /time Magazine | Title: What Cheap Stuff Really Costs Us | 7/2/2009 | See Source »

...President Viktor Yushchenko vetoed the law, calling it "populist," only to have his decision overturned by parliament. And Interior Minister Yuriy Lutsenko, who will be in charge of enforcing the ban, has expressed his misgivings that all establishments are being tarred with the same brush. "I think it's wrong to ban casinos," he told reporters, adding that he blames slot-machine halls, not casinos, for the rise in gambling addiction. (Read "Holy Craps! How a Gambling Grandma Broke the Record...

Author: /time Magazine | Title: All Bets Are Off: Russia and Ukraine Ban Gambling | 7/2/2009 | See Source »

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