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...Cube had a backlog of over 200 of his unsold works, worth more than $185 million. If the story is correct - the gallery says it's not, but hasn't detailed how many Hirsts it has on hand - it would mean that Hirst has run into that age-old problem of factory production: excess inventory. A few weeks ago Bloomberg.com quoted Robert Sandelson, a London gallerist who has dealt in Hirst, about the "pressure" that overproduction has placed on the market for spot and spin paintings. According to Bloomberg, one of those, Hydrocodone, sold at Christie's in London last...

Author: /time Magazine | Title: Damien Hirst: Bad Boy Makes Good | 9/4/2008 | See Source »

...turning point came when he met Frank Dunphy, his genial but very shrewd business manager and empire builder. Dunphy is a 70-year-old Irishman who once handled the books for acrobats, jugglers and "exotic" dancers. In the mid-'90s he agreed to help Hirst straighten out a tax problem. Hirst says Dunphy promised to make him money. "I said, 'You're an accountant - you mean save me money.' And he said, 'No, no, make you money...

Author: /time Magazine | Title: Damien Hirst: Bad Boy Makes Good | 9/4/2008 | See Source »

...think it's got to be a part of a larger understanding. We've gone from thinking the fuels that powered our growth were inexpensive, inexhaustible and benign to understanding they are exhaustible, expensive and toxic. Once you frame the problem that way, people will look at solutions differently...

Author: /time Magazine | Title: 10 Questions for Thomas Friedman | 9/4/2008 | See Source »

...states, and research bears out the benefits to states like Kansas, where the new design has produced a 65% average drop in vehicular delays, according to a recent Kansas State University study. Most roundabouts are also more aesthetically pleasing and cost much less to construct than stoplight intersections. The problem is teaching Americans how to navigate them. (Folks, cars entering a roundabout yield to those already in it.) But the heightened anxiety people feel in roundabouts makes them drive more carefully and remember that intersections are dangerous places. And as Tom Vanderbilt notes in this summer's best seller Traffic...

Author: /time Magazine | Title: You Want a Revolution | 9/4/2008 | See Source »

...conversion process and is experimenting with algae that absorb the gas, possibly allowing the company to raise that figure and introduce refinements of Fischer-Tropsch that will help it emit less. But for now, 50% of the CO2 will be released into the atmosphere, and there is still the problem of where to store or use the 50% that is captured...

Author: /time Magazine | Title: Dirty Little Secret | 9/4/2008 | See Source »

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