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...board - the de facto censorship committee of Hollywood movies - as they recoiled from the backdoor action onscreen and then had to consider saying no to one of the most eagerly anticipated films of the summer? Or, even worse, consider saying yes? Whether or not Baron Cohen had planned to put the scene in the final film, he could have jumped out at the end of the screening shouting, "You've been punk'd!" (See pictures of Kazakhstan at the time of Borat...

Author: /time Magazine | Title: Sacha Baron Cohen and the Censors: Will Brüno Be NC-17? | 3/31/2009 | See Source »

...Hollywood, you see, the making of a movie involves two crucial groups of people: the creative team, who put it together, and the MPAA ratings board, which decides whether and in what form it can be shown if it is to win the magic R. In rare cases, a film's rating has been appealed to a higher committee, the MPAA's Supreme Court, and won. Generally, though, achieving a softer rating is a matter of negotiation. The board tells you what to take out, and you do it. Or they don't, and you have to guess...

Author: /time Magazine | Title: Sacha Baron Cohen and the Censors: Will Brüno Be NC-17? | 3/31/2009 | See Source »

...behest of the White House - inherits a company in disarray. Over the next 60 days, Henderson must engineering some kind of comeback for the sputtering carmaker, amid the glare of the media spotlight and mounting public outrage over disappearing auto jobs. (Read "Will Wagoner's Exit Put GM on the Road to Recovery...

Author: /time Magazine | Title: Fritz Henderson: GM's Interim CEO | 3/31/2009 | See Source »

...positive. After the plan was announced two weeks ago, the stock market produced one of its biggest rallies in months. At its core, the plan promises to offer cheap loans to investors to purchase bank loans on which borrowers are behind or at risk of default. The plan would put needed cash into the hands of the banks. And on the surface it looks like it could produce sizeable returns for investors, as well as a smaller profit for the government...

Author: /time Magazine | Title: Geithner's Toxic-Loan Plan Could Be Toxic for Banks | 3/31/2009 | See Source »

...loss the PPIP would create is still the question, and few analysts are willing to put a number on that the figure. Goldman Sachs estimates that on average banks value mortgage loans on their books at $0.91 on the dollar. That means they agree those loans are worth 9% less than their original value. The market, though, thinks many of those loans are worth much less. Some highly rated mortgage bonds based on subprime loans recently traded for as little...

Author: /time Magazine | Title: Geithner's Toxic-Loan Plan Could Be Toxic for Banks | 3/31/2009 | See Source »

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