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...network of international trading and personal contacts that shape New York, London and Hong Kong facilitate their key industry. If the 19th century was the age of empire and the 20th one of war, so the 21st century, to date, is an age of finance. It is the banks and investment houses, the mutual funds and money managers, taking in their clients' cash and spreading it around the world, who have made today's global economy what it is. In Victorian times, London alone could fulfill this function. (The city funded enterprises all over the world, including much...

Author: /time Magazine | Title: A Tale Of Three Cities | 1/17/2008 | See Source »

...reached such a lofty height, he was a strange mix of confidence and modesty. A beekeeper from New Zealand, Sir Edmund Hillary was an aggressive amateur mountaineer drawn, he said, by the appeal of "grinding [competitors] into the ground on a big hill." Yet after accomplishing one of the 20th century's defining feats?his conquest, with Nepalese Sherpa Tenzing Norgay, of Mount Everest on May 29, 1953?he channeled the attention and knighthood that followed toward aiding the Nepalese Sherpas, who had so often helped him. Raising funds through his Himalayan Trust, a project he continued until his death...

Author: /time Magazine | Title: The Man Who Stood on Top of the World | 1/17/2008 | See Source »

...Then our lynx eyes droop, and grading habits relax. Try to get on the bottom of the pile.) Again, it is not that A.E.’s are vicious or ludicrous as such; but in quantity they become sheer madness. Or induce it. “The 20th century has never recovered from the effects of Marx and Freud.” (V.G.); “But whether or not this is a good thing or a bad thing is difficult to say.” (A.E.) Now one such might be droll enough. But by the dozen? This...

Author: By A Grader | Title: A Grader’s Reply | 1/15/2008 | See Source »

...driving the violence in much of the country. From the tightly packed slums of Nairobi to the farms of the Rift Valley, land has been a continual source of conflict in Kenya. Since the colonial period when British settlers displaced Kenyans from their land at the beginning of the 20th century, there has yet to be adequate compensation for those who lost property. During the years following independence, Jomo Kenyatta, the first president of Kenya, distributed national resources to an elite inner circle rather than to the landless peasants. Kenyatta began a cycle of favoritism that continued under the dictatorship...

Author: By Megan A. Shutzer | Title: Restoring Credibility in Kenya | 1/14/2008 | See Source »

Born in Egypt at the turn of the 20th century, al-Hakim is known as the father of the Arab world’s dramatic tradition. His highly philosophical plays were not generally well received by action-hungry audiences; this became such a problem that al-Hakim began to describe his work as a “théâtre des idées,” more suitable for reading and study than for performance...

Author: By Richard S. Beck, CRIMSON STAFF WRITER | Title: ‘Shahrazad’ Worth More Than a Thousand Words | 1/14/2008 | See Source »

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