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...playfully mocked. Responding to one young business type in the crowd who questioned his thesis, Rogers advised him to "head down to Texas A&M and offer to trade in your M.B.A. for one of their agricultural degrees." Become a farmer, he advised the guy: "You'll make out better than you will with your M.B.A." The man tried to respond but was drowned out by laughter...

Author: /time Magazine | Title: Silver Lining: Jim Rogers Talks Up Commodities | 10/12/2009 | See Source »

...proud of America's global achievements. Behind U.S. global expansion was an ideal of a world based on free enterprise, mutual prosperity and open societies. It was that ideal that brought my Holocaust-survivor grandparents through Ellis Island in 1949 in the hopes of rebuilding their lives and finding better opportunities for their 3-year-old daughter - my mother. These ideals have too often been trampled by greed or myopic self-interest. But the positive impact they have had on the world cannot be denied. Asia has risen to new heights of wealth and power partly because of American policy...

Author: /time Magazine | Title: American Lament | 10/12/2009 | See Source »

...That fact has apparently been forgotten. The very concepts behind the American economy are now frowned upon as the sources of the global recession. Instead we hear praise of China's "state capitalism" - the notion that semi-command economics can work better than Economic Man. And what of America's liberal political ideology, which used to inspire suppressed peoples everywhere? I recently gave a talk to about 30 students from China at a journalism class at a Hong Kong university. Riots had erupted in China's Xinjiang province between the indigenous Uighurs and Han Chinese immigrants only days before...

Author: /time Magazine | Title: American Lament | 10/12/2009 | See Source »

...thought there was. "The U.S. has always shown an amazing ability to change itself, to morph into new things," I said. "I'm hoping that it will do so once again." Perhaps I'm nostalgic for a bygone era. Or perhaps I just realize the world is better off with a thriving America than a declining...

Author: /time Magazine | Title: American Lament | 10/12/2009 | See Source »

...That kind of growth is hard to come by in the recession-wracked technology industry, and a crowd is starting to gather. Around the world, at least 17 e-readers are in development or already on the market. Among the better-known entrants is Asustek - the Taiwanese company practically invented the netbook category with its ASUS Eee-PC, and it is working on a product called the Eee-reader that it hopes to have on the market in time for Christmas. South Korea's two powerhouse consumer-electronics companies, Samsung and LG Electronics, are wading in too. Samsung earlier this...

Author: /time Magazine | Title: Kindle Killers? The Boom in New E-Readers | 10/11/2009 | See Source »

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