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...Banks thought they could buy these bonds and lock them in their closet," says Rohan Douglas, chief executive of Quantifi, which helps investors and banks evaluate the riskiness of their portfolios. "Now those doors are being pried open, and what we are finding is one big mess...

Author: /time Magazine | Title: One Bad Bond | 2/26/2009 | See Source »

...world while bending its ear about social justice. After 1997's Pop - a disastrous mix of disco and hubris that provided a harrowing glimpse of career death - the band decided to banish the lead singer's politics to venues like the U.N. and focus on writing songs whose chief ambition was to charm rather than to persuade. This late-version U2 has produced a run of hits ("Beautiful Day," "Wild Honey," "City of Blinding Lights") united by a lightness of theme and an ease of sound. Unburdened by the need to make big statements, U2 proved that no one else...

Author: /time Magazine | Title: U2's Unsatisfied — and Unsatisfying — New Album | 2/26/2009 | See Source »

...well into the present. As proof, there's "Cézanne and Beyond," an ingenious new exhibition at the Philadelphia Museum of Art that combines a choice selection of Cézannes with the work of 18 artists whose practices owe something to his. Organized by Joseph Rishel, the museum's chief curator of European painting before 1900, and adjunct curator Katherine Sachs, the show is dedicated to Rishel's late wife Anne d'Harnoncourt. For years the Philadelphia Museum's smart and spirited director, d'Harnoncourt died, much too soon, last year. Had she lived to see this fascinating...

Author: /time Magazine | Title: The Master of Us All | 2/26/2009 | See Source »

What was it that Cézanne did that was so important to the future? Many things, but chief among them is that he shattered the picture plane. By constructing each painting as a series of plainly separate, insistent strokes, he confounds the viewer's natural impulse to treat the canvas as a window onto a scene. He compels your attention instead to the fact that it's a field of marks on a flat surface. In a mature Cézanne, every brushstroke leads a double life, as part of a painterly illusion and as a thing in itself, a patch...

Author: /time Magazine | Title: The Master of Us All | 2/26/2009 | See Source »

...hitting it with the offending protein enough times, in increasing doses, that the body's defenses eventually relent and accept the protein as friend rather than foe. "It's the first generation of treatment that would make people less or even no longer allergic," says Dr. Wesley Burks, chief of pediatric allergy and immunology at Duke University Medical Center. On average, children treated this way for a year are able to tolerate the protein equivalent of 15 peanuts, while the untreated group developed allergic reactions after 1 ˝ peanuts. For parents, allowing their kids to participate in the study...

Author: /time Magazine | Title: Why We're Going Nuts Over Nut Allergies | 2/26/2009 | See Source »

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