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...after the words escaped his opponent's mouth. The mocking TV ads soon followed, and as the weeks wore on and financial jitters gave way to near collapse and certain recession, McCain's statement began to evoke unsettling memories of Herbert Hoover, who said similar things in the early 1930s...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...Later, fortunes were made in rubber trees. The island's main city was originally inland from the Andaman Sea to distance itself from possible devastation by tsunamis or typhoons. So, too, in Bali, where the rich cultural legacy of the Hindu Majapahit culture drew bohemian Western visitors in the 1930s who were mystified as to why most Balinese turned their backs on the lovely beaches, even forsaking fish from their normal diets. (The answer was, in part, because the coasts are considered the domain of demons...

Author: /time Magazine | Title: A Tale of Two Islands | 10/16/2008 | See Source »

That makes arms deals far more difficult to track. But Griffiths says one tactic could work in nabbing arms traffickers: the "Al Capone method." When the U.S. justice system failed to convict the 1930s mobster for racketeering and murder charges, he was finally run in for tax evasion. Griffiths says arms traffickers have one obvious vulnerability: their need to ship arms on boats and planes, most of which require registration. When the E.U. introduced strict safety standards for air-cargo carriers two years ago, its leaders weren't thinking of arms dealers. Yet of the scores of companies they have...

Author: /time Magazine | Title: The Arms Trade Booms Amid Global Economic Woes | 10/14/2008 | See Source »

...something like “reality that takes place beyond three dimensions.” I thought that was an interesting and appropriate way of looking at it. THC: What was the impetus behind “The Ghost in Love”? JC: I love 1930s screwball comedies. The writer-director Preston Sturges is one of my heroes and movies like “Sullivan’s Travels” or “Palm Beach Story” should be included on every space capsule that’s sent out into the heavens to show creatures...

Author: By Rebecca A. Schuetz, CRIMSON STAFF WRITER | Title: Carroll Doesn’t Give Up ‘Ghost’ | 10/13/2008 | See Source »

...everyone will drag down everyone else. Overall, the IMF expects world economic growth to slow to 3% in 2009, from 5% in 2007, and it warns, "The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s." Wright of the Royal Bank of Canada predicts, "The U.S. will go into a shallow recession, unfortunately followed by a shallow recovery...

Author: /time Magazine | Title: Behind the Global Markets' Meltdown | 10/8/2008 | See Source »

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