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...other ways for Washington and Beijing to work together. In fact, it's happened before. The most effective sanctions ever levied against the North were those designed and imposed by the U.S. Treasury Department during the Bush years. Not only did Treasury manage to freeze a Macau bank account through which the North Korean regime allegedly laundered millions of dollars, but it also persuaded several large banks in China to stop doing business with North Korea. In 2006, Kim Jong Il made removal of those sanctions a precondition of returning to the so-called six-party talks, and Bush acceded...

Author: /time Magazine | Title: North Korea: The Coldest War | 6/22/2009 | See Source »

...deleted it and blocked his wife from seeing his page. A couple of days later, the IT worker in Florida--who asked that his last name not be used in this story - found alarmed messages from two Facebook friends in his inbox. Tammie had used a mutual friend's account to view Patrick's wall and e-mailed several women he had had exchanges with. He says her e-mails were borderline defamatory. She says they merely noted that he was married with children, a fact he had left off his Facebook profile. Either way: Ouch...

Author: /time Magazine | Title: Facebook and Divorce: Airing the Dirty Laundry | 6/22/2009 | See Source »

...later dubbed them "noise traders" and co-authored a series of academic papers showing how their errors could move prices) and lamented at the 1984 meeting of the American Finance Association that "virtually no mainstream research in the field of finance in the past decade has attempted to account for the stock-market boom of the 1960s or the spectacular decline in real stock prices during the mid-1970s...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

...competition, Theissen explained, will pit "the best drivers and the best teams ... against each other. This will take place within a stable set of regulations and a transparent management structure. We will also take into account the wishes of the fans, who have lent us a great deal of support, particularly in recent weeks...

Author: /time Magazine | Title: Are the Wheels Coming Off of Formula One? | 6/20/2009 | See Source »

...privilege of being in Washingon D.C. for Barack Obama's inauguration will remember the scenes at the Capitol Hill metro stations. This tudeh, or mass, is the same, maybe more. For almost a week now, every day has been Inauguration Day in Tehran. (Read Joe Klein's account of what he saw in Tehran...

Author: /time Magazine | Title: On Scene: Among the Protesters in Tehran | 6/19/2009 | See Source »

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