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...Europe is not quite as dire as it is in the U.S., where plunging profits, shrinking staff numbers and bankruptcies are now all commonplace. But Europe's newspapers are struggling just the same. Investment guru (and owner of a big chunk of the Washington Post Co.) Warren Buffett saw this coming. In 2006, he explained the depressing law of newspaper gravity at a meeting of his Berkshire Hathaway Corp.: "Newspaper readers are heading into the cemetery, while nonnewspaper readers are just getting out of college. It's hard to make money buying a business that's in permanent decline." Here...

Author: /time Magazine | Title: Turning the Page: The News on Europe's Newspapers | 2/19/2009 | See Source »

...news reporter and editor for more than 50 years, I feel that newspapers can save themselves. How about concentrating on purely local news instead of trying to reflect what readers saw on cable TV the day before? Publish local school lunch menus, city-hall doings and, yes, local police and court reports. Community papers are taking off and will fill the gap as the big dailies die off. As for coverage from Baghdad and Kabul, editors can rely on the Associated Press and other news organizations with respected reporters. Gang reporting wastes time and money. Frank Real, PALMER, MASS...

Author: /time Magazine | Title: Inbox | 2/19/2009 | See Source »

...carry my bags as we toured the microwave aisle. When I called my husband to ask him to check some specs online, the salesman offered a pre-emptive discount, lest the surfing turn up the same model cheaper at Best Buy. That night, for the first time, I saw the Hyundai ad promising shoppers that if they buy a car and then lose their job in the next year, they can return it. (See 25 people to blame for the financial crisis...

Author: /time Magazine | Title: In a Recession, the Consumer Is Queen | 2/19/2009 | See Source »

...saw a lot of very talented guys, and the problem I had is that they all looked like heroes-in-waiting. I wanted somebody who looked like a loser. My daughter said, "You want a loser? You should see this guy in this TV show Skins in the U.K." We auditioned him a few times, and he earned the right to play the part...

Author: /time Magazine | Title: 10 Questions for Danny Boyle | 2/19/2009 | See Source »

Rising pay on Wall Street was the biggest single contributor to the shift. "This was all market-oriented," says Kaplan. "Part of the reason you saw such a big increase in pay over time was just an increase in scale." The sums of money managed and size of transactions arranged by Wall Street grew exponentially, starting in the 1980s. So did profits and pay. You can argue that CEO compensation is a rigged game, but on Wall Street, lavish pay packages have never been restricted to the top of the executive ladder. Top-performing investment bankers and traders were paid...

Author: /time Magazine | Title: Pay Wall Street Less? Hell, Yes | 2/19/2009 | See Source »

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