Word: solding
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Erica Jong knows something about love, especially its sexy side. Her first novel, Fear of Flying, electrified the literary community in 1971 with its frank sexuality and passion. The public was seduced: the book has sold more than 20 million copies worldwide, and was translated into 37 languages. Many books later, and now the grandmother of three, Jong has returned to her original calling, poetry, in her compelling new volume of poems, Love Comes First. TIME senior reporter Andrea Sachs reached the author at her Manhattan home...
Influencing a $19 trillion market that is coming off one of history's great asset bubbles is a lot harder than it looks. In December, houses sold for 15% less than they did a year earlier. No act of Congress could change that. Says Wellesley College economist Karl Case: "Let's not delude ourselves into thinking we're driving a speedboat when we're driving a tanker...
...many people can no longer afford their mortgage. Maybe they took out an adjustable-rate loan that has reset higher, or they lost a job in the slowing economy. If we could stop the cycle of defaults and foreclosures, the thinking goes, we could prevent deeply discounted, bank-sold homes from flooding the market, keep losses from further impairing mortgage-backed securities and preserve property values. That's how we wind up with ideas like paying mortgage servicers to make loans more affordable and changing the bankruptcy code to allow judges to reduce the amount borrowers owe their mortgage company...
When Grand Theft Auto IV: Liberty City came out on April 29 last year, it sold 3.6 million copies in one day. By the end of the week, sales were up to 6 million, for a total take of about $500 million. Which means, if you go by that number (and Guinness does), that Grand Theft Auto IV owns the biggest opening of any entertainment property in history. In comparison, Pirates of the Caribbean 3 took in a paltry $400 million during its first week...
...phenomenon. Over the course of the last 20 years, Fairey’s experiment has grown into Obey—a large company based out of Los Angeles that comprises a clothing line and a design studio. The clothing line has become more mainstream (it’s being sold locally in Urban Outfitters), and his design studio, Studio Number One, has contributed to advertising campaigns for Saks Fifth Avenue and Toyota. For these disenfranchised fans, Obey is taking on the unsavory glow of “radical chic...