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Unknown Africa I have bitten my tongue several times as your reporters, including Alex Perry and Vivienne Walt, glibly write about growing poverty in South Africa. This "conventional wisdom" is repeated in "Verbatim" [Oct. 20]. It simply isn't true. Measures of income generally show that poverty has fallen by as much as 20% over the past seven or eight years. One reason has been that employment rose considerably during the mid-2000s; another is that social-assistance programs now reach 12 million South Africans. It is true that inequality seems to have increased, but that is because...

Author: /time Magazine | Title: Financial Contagion | 10/30/2008 | See Source »

That Roth is gone. This isn't even the lyrical late Roth of American Pastoral. Indignation is the work of the late-late Roth, the Roth of bitter, bitten-off miniatures like Everyman and Exit Ghost: curt, tetchy, unhumorous. But this post-Roth Roth does have something to say to the Roth who wrote Portnoy 40 years...

Author: /time Magazine | Title: Older Writers Revisiting Their Younger Selves | 10/23/2008 | See Source »

...banking system needs capital. Now. So it makes sense for Treasury to address the problem directly. How much? Good question. Will it work? "It should help," says Kashyap. "The question is, Do they execute in a way that doesn't botch it? They've finally bitten the bullet; now they've got a chance to succeed...

Author: /time Magazine | Title: Will Paulson's Bank Plan Finally Unfreeze Credit? | 10/9/2008 | See Source »

...Taro Aso, urged industrialized countries to take further measures to shore up credit markets. "The impact would be substantial if the G-7 didn't send a clear message," he said. Meanwhile, as the crisis continues to deepen, Asia's frustration continues to mount. "Masters of the Universe have bitten the dust, the same dust that is now in the mouths of the rest of us," Nirupam Sen, India's permanent representative to the U.N., said on Monday. The dust doesn't look likely to settle anytime soon...

Author: /time Magazine | Title: US-Europe Rate Cut Comes Too Late for Asia | 10/8/2008 | See Source »

RYAN SEACREST bitten by cat-size shark. Text vote for the shark...

Author: /time Magazine | Title: Pop Chart | 7/31/2008 | See Source »

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