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...lights snap off at the Empire Theatre on Times Square and a piercing chorus of girls' squeals instantly fills the room, zero to sixty in a half-second, like audio-electroshock therapy or the first jolt of Beatlemania. It's a release of energy the Disney marketeers have savvily built up since High School Musical made its debut on the Disney Channel in Jan. 2006. The TV movie broke ratings records, and so did its spinoff CD, which was the year's top-selling album in the U.S. Last year's High School Musical 2, also on the Disney Channel...

Author: /time Magazine | Title: High School Musical 3: The Critic vs. The Kids | 10/23/2008 | See Source »

...lights snap off at the Empire Theatre on Times Square and a piercing chorus of girls' squeals instantly fills the room, zero to sixty in a half-second, like audio-electroshock therapy or the first jolt of Beatlemania. It's a release of energy the Disney marketeers have savvily built up since High School Musical made its debut on the Disney Channel in Jan. 2006. The TV movie broke ratings records, and so did its spinoff CD, which was the year's top-selling album in the U.S. Last year's High School Musical 2, also on the Disney Channel...

Author: /time Magazine | Title: High School Musical 3: The Critic's Review | 10/23/2008 | See Source »

...seen this movie before, and it's not a happy one. Japan's financial sector imploded in the 1990s as bubbles in real estate and stock prices (sound familiar?) burst. Eventually, Japan's central bank drove interest rates to near zero to stimulate the economy. But it was, as the economists say, "pushing on a string." Banks were reluctant to lend because they needed to hoard capital to repair their balance sheets - just as they need to do now in the U.S. Economic growth slowed, and demand for the credit that was available diminished. The result was Japan's infamous...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

...American consumers had become more addicted to debt than Wall Street was. Total household debt at the end of last year was $13.8 trillion, up 20% since 2005. At the same time, the household savings rate ticked down close to zero; the rocket's engine was running on empty...

Author: /time Magazine | Title: Living in a World with Less Credit | 10/23/2008 | See Source »

...also poised to take command of the very power structure he so vividly and colorfully ran against. The number of his Reform Party allies in the state government is exactly zero. During the campaign, when he was asked how, if elected, he would deal with Democratic and Republican legislators, Ventura would roll up a sleeve, flex a bicep and rumble, "This is how." Good theater, but not a terribly plausible plan for running a government...

Author: /time Magazine | Title: Body Slam — Jesse Ventura | 10/22/2008 | See Source »

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