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...Kodak laboratory, which controlled all processing. In 1954, the Department of Justice declared Kodachrome-processing a monopoly, and the company agreed to allow other finishing plants to develop the film; the price of a roll of film - which previously had the processing cost added into it - fell roughly 43%. (Read about Kodak's antitrust case...

Author: /time Magazine | Title: Kodachrome | 6/23/2009 | See Source »

...away" in 1973, Kodak was still expanding its Kodachrome line, and it was hard to believe that it would ever disappear. But by the mid-1980s, video camcorders and more easily processed color film from companies like Fuji and Polaroid encroached on Kodachrome's market share, and the film fell into disfavor. Compared to the newer technology, Kodachrome was a pain to develop. It required a large processing machine and several different chemicals and over a dozen processing steps. The film would never, ever be able to make the "one-hour photo" deadline that customers increasingly came to expect. Finally...

Author: /time Magazine | Title: Kodachrome | 6/23/2009 | See Source »

...housing challenges affect the overall economy: "[H]ome equity fell by $2.5 trillion in real terms in 2008 and nearly $5.9 trillion (or 43 percent) from the 2005 level. The loss of housing wealth caused consumers to curtail cash-out refinances and pull back on spending, knocking an additional 0.9 percentage point off economic growth last year, according to Moody's Economy.com."(Read "Four Steps to Ending the Foreclosure Crisis...

Author: /time Magazine | Title: The State of the Nation's Housing | 6/23/2009 | See Source »

...cocktail of familiar ingredients from earlier Bullock hits. In While You Were Sleeping she had to pretend she was in love with a handsome guy (Peter Gallagher) while his family pushed them together. In Two Weeks Notice she was the underling who couldn't stand her boss, then fell in love with him; here she's the boss and generic hunk Ryan Reynolds is the aggrieved assistant. And in her one solo hit, Miss Congeniality, she was a gruff FBI agent who went undercover as a perky contestant in a beauty pageant; this time she's a bitch on heels...

Author: /time Magazine | Title: Box-Office Weekend: Bully for Bullock | 6/22/2009 | See Source »

...Fisher fell on hard times after the 1929 crash--getting by thanks only to the generosity of a wealthy sister-in-law and his employer, Yale--and so did the myth of the rational market. For a few decades, financial markets were seen as unruly beasts that had to be tamed with tight regulation to help protect the hard-earned savings of regular Americans. But memories of the 1930s eventually faded, and in the 1950s, the idea that markets knew best began its comeback. This was part ideological reaction to the antimarket conventions of the day, part scientific progress...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

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