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Dick Fuld was warned. Years before Lehman Brothers tumbled into bankruptcy, roiling markets and setting off a string of massive bailouts, underlings informed the investment bank's CEO that Lehman should get out of real estate before the credit bubble burst. Fuld ignored them. So while the bank's chief...

Author: /time Magazine | Title: The Skimmer | 8/24/2009 | See Source »

By Day Three, after Yasgur praised the crowd for proving "that a half million kids can ... have three days of fun and music and have nothing but fun and music," the concert had turned great. Not all of it - 40 years later and still no one can explain why Sha...

Author: /time Magazine | Title: Woodstock: How Does It Sound 40 Years Later? | 8/24/2009 | See Source »

If that all sounds too earnest, it isn't really. Loafing is judiciously encouraged with a strategic scattering of hammocks, books and board games among the various sundecks and thatched-roofed palapas (pavilions), and massages are ministered en suite. If you're feeling active, a cornucopia of outdoor pursuits and...

Author: /time Magazine | Title: Take a Break at Guatemala's Lake Atitlan | 8/20/2009 | See Source »

This precarious moment - early on a Tuesday afternoon - I could not be more unconcerned that my room reservation has been screwed up. In this city hurt hardest by recession, partly because it built too many hotel rooms, I smile at the man behind the desk, sure that I am about...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

Upbeat, heartfelt tales about experiences with electricians, carpenters and plumbers are as rare as good news about the economy or Jon and Kate Gosselin. Shoddy workmanship, cost overruns, rampant dishonesty - anyone who has been through a kitchen renovation can tell you how truly wretched life can be. And that was...

Author: /time Magazine | Title: Tables Turned: Contractors Now at Homeowners' Mercy | 7/28/2009 | See Source »

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