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...Here we are, almost 80 years later, and possibly about to make the same mistake. Although there have been no headline-grabbing Smoot acts to call the world's attention to the threat, there is mounting evidence that, once again, government and business leaders are inching toward the type of beggar-thy-neighbor policies of the Great Depression. "Particularly, I am concerned about the rising dangers of protectionism," World Bank president Robert Zoellick recently said in Singapore. "This financial and economic and unemployment problem is serious enough," he later added. "If we start to trigger a round of protectionism...

Author: /time Magazine | Title: The Threat of a Global Trade War | 1/19/2009 | See Source »

Jenny has not returned my calls in roughly a year. She has, however, sent me a poinsettia, poked me and placed a gift beneath my Christmas tree. She's done all this virtually, courtesy of Facebook, the social-networking site on which users create profiles, gather "friends" and join common-interest groups, not to mention send digital gifts. Although Jenny has three children, ages 4 to 14, and rarely finds time for visits, phone calls or even e-mail, the full-time mom in upstate New York regularly updates her status on Facebook ("Jenny is fixing a birthday dinner," "Jenny...

Author: /time Magazine | Title: Does Facebook Replace Face Time or Enhance It? | 1/18/2009 | See Source »

...Retreating behind a digital veil started long before the Internet existed, with the advent of answering machines. "People would call a phone when they knew the other person wasn't available to pick up," says Charles Steinfield, a professor at Michigan State University who co-authored a peer-reviewed study called "The Benefits of Facebook 'Friends.' " "It enabled them to convey information without forcing them to interact...

Author: /time Magazine | Title: Does Facebook Replace Face Time or Enhance It? | 1/18/2009 | See Source »

...length. The Museum of Modern Art in New York City owns his most famous canvas, Christina's World, which it acquired in 1948, soon after it was painted, for just $1,800. But while the picture is always on display at MoMA, it's consigned to what you might call an anteroom on the margins of the more respectably modern galleries, a salon des refuses that it shares with Edward Hopper's House by the Railroad. Seeing Christina splayed across her field of grass, gazing toward that house on the horizon, it's easy to imagine that...

Author: /time Magazine | Title: Andrew Wyeth's Problematic Legacy | 1/17/2009 | See Source »

...from Gaza and prevent Hamas from being able to rearm by smuggling weapons from Egypt. Israel remains committed, however, to a long-term goal of ending Hamas' control of Gaza, and it insists that the movement should gain no "recognition" or "legitimacy" as part of any truce - a tough call since Hamas is the key combatant on the Palestinian side. (See pictures of the Gaza ground...

Author: /time Magazine | Title: How the Gaza War Could End: Three Scenarios | 1/16/2009 | See Source »

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