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...taking in their clients' cash and spreading it around the world, who have made today's global economy what it is. In Victorian times, London alone could fulfill this function. (The city funded enterprises all over the world, including much of the industrial development of the U.S. after the Civil War.) But the job has become too big for one place to handle. Now Nylonkong, that interconnected tripartite city, greases the wheels of trade and development. This is where the great banks - Citigroup and HSBC, Goldman Sachs and JP Morgan - have their headquarters and their key regional offices; this...

Author: /time Magazine | Title: A Tale Of Three Cities | 1/17/2008 | See Source »

...dear to me. The idea is that you'll forget about the tens of millions who died elsewhere and concentrate on the people you've come to know and have a rooting interest for. This elitism applies to virtually any movie set in cataclysmic times, whether it's the Civil War of Gone With the Wind or New-York-under-siege fantasies like Cloverfield. The leading characters become emblems of survival, and the movie proceeds under the theory that, in such a crazy world, the problems of a few little people really do amount to a hill of beans...

Author: /time Magazine | Title: Corliss on Cloverfield: The Blair Witch Reject | 1/16/2008 | See Source »

...Beirut was relatively ineffective by today's gruesome standards of political violence: The blast killed four people and wounded 20, but none of the American diplomats who were its presumed targets was harmed. Even so, as the first attack targeting U.S. officials in Lebanon since the end of the civil war in 1990, the bombing will send a nervous shudder through the small but growing American community in Beirut...

Author: /time Magazine | Title: Targeting the US Again in Beirut | 1/15/2008 | See Source »

...embassy and the U.S. Marine barracks near Beirut airport. The U.S. blames the militant Shi'ite Hizballah for those attacks, as well as for the kidnappings of dozens of foreigners during the 1980s - charges the Lebanese group has always denied. Still, those attacks reflected the reality that a civil war that began as an internal power struggle between Christians and Muslims had quickly became a proxy battle between regional and Cold War rivals. While the U.S. Marines might have seen their mission as keeping the peace, some Lebanese and their regional sponsors perceived the American troops as part...

Author: /time Magazine | Title: Targeting the US Again in Beirut | 1/15/2008 | See Source »

...Tampa court decided that Odyssey has 14 days to turn over all data regarding the Black Swan's identity and location and must permit Spain to inspect the artifacts it has recovered. That ruling levels the playing field before a civil trial in Tampa again next October, which will decide who owns the Black Swan site, and what percentage of the recovered treasure belongs to the salvagers. Although Odyssey's earlier court petition sought to restrict what information it released and to whom, the company says it got what it wanted from Thursday's ruling. "We are pleased that...

Author: /time Magazine | Title: Shipwreck Mystery Must be Aired | 1/11/2008 | See Source »

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