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...This latest go-round featured hedge-fund operators, leveraged-buyout boys (who took to calling themselves "private-equity firms") and whiz-kid quants who devised and plugged in those new financial instruments, creating a financial Frankenstein the likes of which we had never seen. Great new fortunes were made, and with them came great new hubris. The newly minted masters of the universe even had the nerve to defend their ridiculous income tax break - much of the private-equity managers' piece of their investors' profits is taxed at the 15% capital-gains rate rather than at the normal top federal...

Author: /time Magazine | Title: How Financial Madness Overtook Wall Street | 9/18/2008 | See Source »

This year everything is different. Pollsters have never recorded a higher "wrong track" feeling about the country in the history of polling. Voters are angry enough to march on Castle Washington carrying pitchforks and Frankenstein torches. While early--and therefore shaky--polls may show a close race for President, the Republican vs. Democrat numbers look bleak for McCain. To win, he will need as many as 1 out of 5 of his voters to be a ticket splitter: someone who will vote Democratic for the House and Senate but pull the lever for McCain before leaving the booth. McCain will...

Author: /time Magazine | Title: Cue the Ticket Splitters | 8/28/2008 | See Source »

That makes the newly spun-off Dr Pepper Snapple Group a bit of a soft-drink Frankenstein, cobbled together from odd parts. Dr Pepper has acquired about $1.2 billion in bottling assets over the past two years, and that will likely continue, which bodes well for its longer-term outlook, says Wachovia analyst Brian Scudieri. Young is predicting that the Dr Pepper Snapple Group will deliver annual revenue growth of 3% to 5% and earnings-per-share increases in the high single digits over the next few years...

Author: /time Magazine | Title: Is Parting Sweet for Cadbury? | 8/28/2008 | See Source »

...from New York City (where the pedestrian traffic signs flash "WALK," then "RUN") to "New Los Angeles." And in contrast to the all-male gang in the new film, with the ladies reduced to riding shotgun, Bartel's drivers are equally split between men and women. David Carradine is Frankenstein, and a pre-Rocky Sylvester Stallone plays Machine Gun Joe, but there's also Warhol renegade Mary Woronov as Calamity Jane and Roberta Collins as Goth gal Mathilda the Hun. They are as aggressive as the guys, with Woronov's "Zany Janey" having depleted a stable of studs; and their...

Author: /time Magazine | Title: Death Race: Worth a Test Drive | 8/24/2008 | See Source »

...Further, while Statham and his rivals could kill only one another, the drivers in Death Race 2000 can run up the score by knocking off pedestrians: 40 points for a teenager, 100 for anyone over 70. Frankenstein, whose lizard-green car sports fangs from its grille, is considered the good guy because, when he drives up to an old folks' home, he leaves the seniors alone and kills only a half-dozen doctors and nurses. In fact, Frank harbors his own insurrectionist tendencies. He's got an explosive embedded in his palm (it's not called a hand grenade...

Author: /time Magazine | Title: Death Race: Worth a Test Drive | 8/24/2008 | See Source »

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