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...mercy. Rather, she makes clear the gravity of the crime committed, the irreparable harm done to the innocent who is put to death, as well as to the parents and the whole of society." (While the doctor and the girl's parents were excommunicated, the girl, being under age 18, was not subject to automatic excommunication...

Author: /time Magazine | Title: A Sequel to the Case of the Pregnant 9-Year Old | 7/18/2009 | See Source »

Newsman Walter Cronkite, who died at the age of 92, was so thoroughly and uniquely linked with the word "trust" that it is tempting to say that the word should be buried with him. In the generation since he left the anchor desk at the CBS Evening News, there have been other public figures who inspire passion, devotion, confidence, intensity and personal identification. But trust, that milder but deeper sentiment - Cronkite owned...

Author: /time Magazine | Title: Walter Cronkite: The Man With America's Trust | 7/17/2009 | See Source »

Middle America's favorite anchor was born in St. Joseph, Missouri, and as he recalled in his memoir A Reporter's Life, he developed a taste for reporting and news analysis early. While living in Kansas City at age six, he ran to a friend's house with a newspaper story about the death of President Warren Harding. "Look carefully at that picture," he told his friend. "It's the last picture you will ever see of Warren Harding." With typical self-deprecation, the elder Cronkite wrote: "I record it here today to establish my early predisposition to editorial work...

Author: /time Magazine | Title: Walter Cronkite: The Man With America's Trust | 7/17/2009 | See Source »

...July 14, Goldman Sachs posted second-quarter profits of $3.44 billion, more than the company made in all of 2008 and about on par with the precrisis gilded age, while announcing that it had set aside $11.4 billion this year to compensate workers, or $386,489 per employee. The huge profits were hailed on Wall Street as another sign that the crisis might be ending. On July 15, the Dow Jones industrial average jumped 3.1%, and other banking giants are expected to issue their own similarly glowing reports. On July 16, JPMorgan announced that it had earned $2.7 billion...

Author: /time Magazine | Title: Goldman's Sudden Boom Could Be a Bust for Obama | 7/17/2009 | See Source »

...these days Icelanders are enduring an identity crisis. Almost bankrupted by the economic downturn - which they call the "Kreppa" - they are shedding age-old shibboleths about their sturdy self-sufficiency. On Thursday, they did what would have been unthinkable just one year ago: they reached out to the European Union for help. (See pictures of the global financial crisis...

Author: /time Magazine | Title: Iceland's Urgent Bid to Join the E.U. | 7/17/2009 | See Source »

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