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...Scary stuff, indeed, but so far, that worst-case scenario doesn't appear to be materializing. The central bank of the United Arab Emirates promised on Sunday to stand behind the country's banks with fresh liquidity, causing stock markets in Asia to rebound on Monday. Nevertheless, the Dubai debacle is just the kind of dangerous unknown that can still arise out of the financial crisis, even while a general recovery is under way. Financial crises change the rules of the game, especially when it comes to determining how money flows, and where and to whom. Perceptions of risk among...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

...sign that heavily indebted sovereign states might begin having trouble financing their deficits, or that investors will reassess their exposure to risky emerging markets in some kind of financial "contagion." BofA Merrill Lynch strategists postulated in a report that "one cannot rule out - as a tail risk - a case where this would escalate into a major sovereign-default problem, which would then resonate across global emerging markets...

Author: /time Magazine | Title: The Lesson of Dubai: The Crisis Is Not Over | 11/30/2009 | See Source »

...doctor injured when his horse stumbles over a trip wire, a woman killed in a sawmill accident, a child who suffers a horrific beating. As the mystery builds, Haneke examines how the villagers, in the face of their despair, grasp at any straw offered to them - in this case, religious doctrine. Despite moments of unfathomable cruelty, The White Ribbon is a warmer, happier film than Haneke's earlier efforts; the director's black humor is sprinkled throughout rather than painted on thick. There's even a sweet love story between the village schoolteacher and a trusting young nanny. (Read: "Haneke...

Author: /time Magazine | Title: Michael Haneke's Film Noir | 11/30/2009 | See Source »

...notion that his films reflect his personality at all. "People expect me to be dark and gloomy, then write that I'm a jolly chap, and after all, that is what I am," he says, a wry smile sneaking out from beneath his beard. "I think it's a case of an absolute romantic naivety that there should be a parallel between the work and the artist." (Read a brief history of the Palme...

Author: /time Magazine | Title: Michael Haneke's Film Noir | 11/30/2009 | See Source »

There are two important things to know about tracking wild elephants, and it's better to learn both of them before you're actually in the jungle, tracking wild elephants. First, elephants are fast. In thick forest - in this case, the vast Ulu Masen ecosystem in the Indonesian province of Aceh, where leeches writhe beneath your feet and white-handed gibbons hoot from the treetops - they can outpace even deer. Second, elephants can't climb trees. This is good, because that's precisely what you're meant to do if one of them charges...

Author: /time Magazine | Title: Protecting Jungles: One Way to Combat Global Warming | 11/30/2009 | See Source »

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