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...Some of those dark times were early in your life - you say you were "told" that your brother would die, and, separately, that you wouldn't bear children. I'd imagine learning things like this, especially at a young age, can be pretty upsetting...

Author: /time Magazine | Title: Q&A: Spirit Medium Concetta Bertoldi | 8/1/2008 | See Source »

...culture are concerned, yes and no. Cable TV channels and news outlets have dutifully been trying to give Americans a crash course as the Games approach. But the country's biggest pre-Olympic exposure to Chinese culture this summer has been Kung Fu Panda, about a chubby bear (voiced by Jack Black) who becomes a warrior. The movie has grossed more than $200 million in the U.S. alone. As cartoon primers on Buddhist philosophy...

Author: /time Magazine | Title: The Panda Paradox | 7/31/2008 | See Source »

...banks and thrifts, there are well-defined procedures for dealing with insolvencies through the Federal Deposit Insurance Corp. But much of the financial action in recent years has moved to companies for which there is no such shutdown plan. When Wall Street firm and major mortgage player Bear Stearns experienced something akin to a bank run in March, the solution that Paulson and Bernanke came up with was a hastily arranged sale to JPMorgan Chase & Co., backed by a $29 billion guarantee from the Fed. The Fed is responsible for keeping prices stable and credit flowing. Bailing out troubled lenders...

Author: /time Magazine | Title: Can Paulson Save the Economy? | 7/31/2008 | See Source »

...Paulson says that unlike the situation with Bear Stearns, there was never a moment when the two firms appeared in imminent danger of failure. But he saw far more dire potential consequences than in the case of Bear. "Their securities move like water among all of the financial institutions," he says of Fannie and Freddie. If holders ranging from central banks in Asia to community banks in Iowa had lost confidence, the ensuing sell-off might have been catastrophic...

Author: /time Magazine | Title: Can Paulson Save the Economy? | 7/31/2008 | See Source »

There were times I couldn't bear to watch. But then there were others when his exuberance - physical and spiritual - made it easy to convince myself it would never happen, and so I would call up Randy Pausch's Last Lecture on YouTube and watch it with my children, receive the gift he was giving us and reject the idea that it would come at an ultimate price: that Pausch would indeed die one day of pancreatic cancer, as he did this morning...

Author: /time Magazine | Title: Randy Pausch — Life Teacher | 7/25/2008 | See Source »

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