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Katy Perry may have turned up to EMI's post-Grammys party in a revealing silver dress, but even the "I Kissed a Girl" singer (who is signed to Capitol Records, a subsidiary of EMI) could not monopolize all the attention. Despite the lavish affair at the W Hotel in Hollywood, EMI is in desperate financial trouble. So deep, in fact, that some were wondering how it could afford to host a party...

Author: /time Magazine | Title: EMI's Downfall: Will the Hits Keep Coming? | 2/9/2010 | See Source »

...Endgame.” Yet these surroundings emphasize the mainstay of Fitzgerald’s work. As the play progresses, and the narrator comes to realize the careless arrogance that defines Daisy, Tom, and Jordan, the backdrop remains a stark foreshadowing of what lies beneath the lavish glamour of these characters. Stripped of their displays of wealth, the three characters are as cold and unfeeling as the world ERS has created around them. As the set reminds us, even Gatsby has clung so desperately to a passionate dream that will never exist, that the American dream he actually has achieved...

Author: By Ali R. Leskowitz and Denise J. Xu, CRIMSON STAFF WRITERS | Title: A.R.T.'s 'Gatz' Takes Classic Tale to Stage in Novel Adaptation | 2/2/2010 | See Source »

...this year promises to be particularly ugly as series of corruption trials unfold, all stemming from a sweeping probe known as "Bonusgate." Prosecutors charge that leaders of both parties in the state House of Representatives flagrantly ignored the law, using taxpayer money to wage political warfare and to lavish perks on aides and party loyalists. The price tag is likely in the tens of millions, and prosecutors warn there could be more indictments, possibly targeting leaders of the State Senate. "There was an unbelievable sense of entitlement in Harrisburg that they could do this with a high degree of immunity...

Author: /time Magazine | Title: Corruption Scandal Scrambles Pennsylvania Politics | 1/18/2010 | See Source »

...land and government contracts to his son's friends and business partners and, in March, his own biographer was named vice chancellor of Calcutta University. Basu never hid his bourgeois tastes - which included a fondness for Scotch and annual trips abroad for health checkups - but critics derided his increasingly lavish, state-sponsored birthday celebrations and Prime Minister-level security detail. The Marxist poet Samar Sen described Basu as "the most well-protected Marxist leader east of the Suez Canal...

Author: /time Magazine | Title: Icon's Death: What Now for India's Communists? | 1/18/2010 | See Source »

That's the same bind that NBC, and media companies at large, are in. People aren't going to enjoy watching a lame prime-time talk show for the satisfaction of knowing they're helping the parent company save on payroll. People who expect something else - lavish scripted dramas or typo-free news from costly foreign bureaus - will get alienated and leave, only deepening the revenue spiral that led to the cuts in the first place...

Author: /time Magazine | Title: Lessons of Leno: Why the Future Failed for NBC | 1/14/2010 | See Source »

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