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...stock market in 2001 and 2002. Consumers, and the housing market, weren't in a recession at all - and the Fed's super-low rates precipitated a bubble. "We inadvertently stimulated an industry that was already in boom conditions," Gramm said. "This changed everything. It changed consumption behavior, it changed lending behavior...

Author: /time Magazine | Title: Phil Gramm Says the Banking Crisis Is (Mostly) Not His Fault | 1/24/2009 | See Source »

...international inquiry into Israel's wartime behavior might be more palatable to Israelis if it also probed alleged violations of the Geneva Convention by Hamas. Before and during the conflict, Hamas had fired shot rockets into Israeli towns; inside Gaza, according to the Israeli army, the militants had used civilians as "human shields," and had stored weapons in schools, hospitals and mosques - all illegal under Geneva...

Author: /time Magazine | Title: Could Israelis Face War Crimes Charges Over Gaza? | 1/23/2009 | See Source »

...years, the Chinese Internet has pulsated with so-called human-flesh search engines, online mobs that track down, name and shame people whose behavior has sparked public outrage. In one prominent case in 2006, a Hangzhou woman who appeared in online photos and videos crushing a cat underfoot was located based on details gleaned from the images. She was vilified online and eventually lost her job. These digital tar-and-featherings have been criticized as invasions of privacy and have even sparked lawsuits. Earlier this month, Wang Fei, a Beijing man whose wife committed suicide after discovering his infidelity...

Author: /time Magazine | Title: China's 'Netizens' Take On the Government | 1/23/2009 | See Source »

That hasn't deterred Web vigilantes from turning their attention to officials suspected of corruption or unseemly behavior. In recent months, at least three government bureaucrats have been targeted. This week an anonymous blog post accused a high-ranking Beijing official responsible for Web censorship of disparaging the country's top leaders - President Hu Jintao and Prime Minister Wen Jiabao - and boasting that he alone decided what citizens could and couldn't read online. (See pictures of China on the wild side...

Author: /time Magazine | Title: China's 'Netizens' Take On the Government | 1/23/2009 | See Source »

...Trader Feed (2,437 links). The author, Brett Steenbarger, is one of the most intelligent voices in the financial blog business. Strong on technical analysis, broad market commentary, and the psychology behind trading behavior...

Author: /time Magazine | Title: Best 25 Financial Blogs | 1/22/2009 | See Source »

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