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...When Magnolia took on the films, they had a difficult choice: Package the two works together - like last year's Robert Rodriguez/Quentin Tarantino double feature Grindhouse - or find a way to release them separately. Ray Price, who oversaw marketing and distribution for Wang's films, was charged with developing a strategy for the two movies. "We've already seen that the market is not friendly to double bills," he said, referring to the low $25 million box office total for Grindhouse. "People don't want to watch double bills, and it forced us to be innovative ... we wanted these films...

Author: /time Magazine | Title: A YouTube Opening for Wayne Wang's New Film | 10/17/2008 | See Source »

...measure of how volatile investors reckon markets will be in the short term, the sharp sell-offs seen in recent months have sent the VIX to its eye-popping highs. The index is calculated from the price of options - a deal to buy or sell an asset at a fixed price and time - linked to the S&P 500. As the value of that index plummets - the leading benchmark of U.S. stocks has lost about a third of its value this year - investors are scrambling to pick up options in order to hedge against those losses. That, in turn, drives...

Author: /time Magazine | Title: The Volatility Index: A Primer | 10/17/2008 | See Source »

...productive use. Low interest rates and easy access to funds encouraged reckless lending, the infamous interest-only, no-down-payment, no-documentation ("liar") subprime mortgages. It was clear that if the bubble got deflated even a little, many mortgages would end up under water - with the price less than the value of the mortgage. That has happened - 12 million so far, and more every hour. Not only are the poor losing their homes, but they are also losing their life savings...

Author: /time Magazine | Title: Nobel Laureate: How to Get Out of the Financial Crisis | 10/17/2008 | See Source »

...monthly premium tends to come with a higher annual deductible. Humana's Monogram plan, for instance, pairs its $30 premium with a staggering $7,500 deductible. And the preventive-care coverage in these plans may not extend much beyond an annual physical. So consumers who don't look past price per month--a more traditional individual plan might charge a $400 premium and a deductible closer to $500--may find themselves shelling out thousands more dollars down the line. "So many of these policies can be really shoddy," says Barbara Anthony, executive director of Health Law Advocates, a nonprofit...

Author: /time Magazine | Title: Insurance for $30 a Month | 10/16/2008 | See Source »

...Rising mortgage rates could also put downward pressure on housing prices, which have already dropped 20% since their peak in July of 2006, according to the S&P/Case-Shiller Home Price index. The increase in mortgage rates means that the average borrower will pay $1,296 a month in mortgage payment for a $200,000 loan. That's $100 more a month, and $1,200 more a year, than the same loan would have cost them a few weeks ago. For buyers on a budget, that means they can afford less house for the same amount of money. Conversely, sellers would...

Author: /time Magazine | Title: The Bank Bailout's Side Effect: Rising Mortgage Costs | 10/16/2008 | See Source »

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