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Liza Minnelli wasn't the only reason Rosie O'Donnell's NBC variety special flopped a couple of weeks back, but she sure didn't help. Waddling out onstage as the show's big-name guest star, accompanied by fervent cheerleading from the "surprised" host, she looked plump, shaky and a little out of touch. As my colleague James Poniewozik pointed out in his review, the show's disappointing ratings were further evidence that Broadway is not mainstream American entertainment anymore...

Author: /time Magazine | Title: Liza Minnelli Onstage: Resistance Is Futile | 12/12/2008 | See Source »

Many of Madoff's clients invested in his funds through a number of feeder funds, which were sold by other firms. Like supermarket brands, the funds carried the name of the investment-adviser firm, which then sent the money to Madoff to be managed. One such fund, the Tremont Broad Market Fund, attracted billions of dollars to Madoff. Many of these funds leveraged their own investment in Madoff's funds, which could amplify the losses felt by the collapse of Madoff's firm. (See the top 10 worst business deals...

Author: /time Magazine | Title: Wall Street's Latest Downfall: Madoff Charged with Fraud | 12/12/2008 | See Source »

...court for the Crimson. His start to the season is off the charts.But the question remains whether it’s the best ever. In its storied history, Harvard has had its fair share of great basketball players. But after Lin’s unprecedented start, his name must enter that conversation.The numbers don’t lie: he’s averaging an incredible 20.1 points, 5.4 rebounds, and 3.4 steals a game, is shooting 54 percent from three, and quite frankly, has been the reason the Crimson are 4-3. The last force that Harvard...

Author: By Stephanie Krysiak, CONTRIBUTING WRITER | Title: Junior Sensation Sparks Harvard Success | 12/12/2008 | See Source »

...point, Ifill asked the McCain team to name the greatest Faustian bargain it had to make. Davis and McInturff both mentioned the burden that McCain endured because of his support for the continued military effort in Iraq, an adventure that American voters soured on years ago. Axelrod chimed in to disagree. "There is no doubt that the war was a complicated issue," he said before adding, "I would argue that the biggest Faustian bargain McCain made was switching his position on the [2001 and 2003] tax cuts ... He essentially tied himself to the Bush economic nostrums...

Author: /time Magazine | Title: A Campaign Postmortem at Harvard | 12/12/2008 | See Source »

Even More Sparkly. For people you really like, Dom Pérignon, the name that has become synonymous with champagne, is releasing three special vintages this holiday season: Dom Pérignon Vintage 2000 ($150), with toasty, mineral notes; Oenothèque Vintage 1995 ($400), which "is killer with caviar," according to Dom's Chef de Cave, Richard Geoffroy; and Rosé Vintage 1998 ($450), which, with notes of salt and fruit, is rare and sold in limited quantities and goes well with everything...

Author: /time Magazine | Title: Personalized Bottles of Bubbly and Other Cool Deals | 12/12/2008 | See Source »

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