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Gasparino is one of the Street's war correspondents and at his best when describing the fall of Lehman. It's the key battle, in a sense, since Lehman was a major force behind the subprime-mortgage bonds that were the culprits in the collapse. Gasparino is particularly good at capturing--via the profane, telling quote--the high-noon drama of the meltdown. When Morgan Stanley CEO John Mack tells Lehman boss Dick Fuld, "There are rumors that you guys are in trouble," Fuld, the "Gorilla of Wall Street," answers with tough-guy bravado, "It's bullshit." Lehman's stock...

Author: /time Magazine | Title: Business Books | 11/23/2009 | See Source »

...author argue. We failed capitalism by getting in its way. As if we're the ones who created the sleazy subprime mortgages and exotic derivatives (graded phony AAA by real capitalists) that blew up the system. It's the standard Forbes canon: government and taxes bad; rich people good. The pair dutifully round up free-market evangelists from Smith to Hayek to Friedman to support their apologia but fail to add any real insight. Capitalism works, all right, but not like this...

Author: /time Magazine | Title: Business Books | 11/23/2009 | See Source »

...years, but the bauhaus stamped its own century and this one too. No one would claim that the taste for clean, simplified design that emanated from its classrooms ever became universal, certainly not among the toiling masses the Bauhauslers hoped to speak to. And nobody believes anymore that good design can produce a more virtuous world. But all those steadfast geometric tea sets and tubular steel furnishings drew lines in the collective consciousness. They're still basic to our picture of the modern home--even if we don't happen to live...

Author: /time Magazine | Title: Haus Beautiful: the Impact of Bauhaus | 11/23/2009 | See Source »

...hoped would be seen as apolitical abstract work, but it was no use. In 1933, with Hitler firmly in power, Mies arrived one morning at the converted factory where the school was housed to find it surrounded by black-uniformed Gestapo. Soon after, he shut it down for good and made for the U.S., where Gropius, the Alberses and Moholy-Nagy would also end up as hugely influential teachers and practitioners. The Bauhaus was gone, but its gospel would go on. Decades later, Tom Wolfe would call his lightheartedly reactionary takedown of modernism From Bauhaus to Our House. No matter...

Author: /time Magazine | Title: Haus Beautiful: the Impact of Bauhaus | 11/23/2009 | See Source »

...Boys dance has been seen nearly 3.3 million times. The former molecular biologist in Dyer, Ind., chooses shows for her bird carefully and has drafted legal agreements to make sure he'll be portrayed in a positive light. But despite appearances on The Late Show with David Letterman and Good Morning America, she says viral videos aren't a sure ticket to the good life. "People think my life is glamorous, but I still spend a lot of my time scrubbing birdcages," Schulz says. "There's just a lot of work...

Author: /time Magazine | Title: YouTube Effect: Making Money from Viral Videos | 11/23/2009 | See Source »

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