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John McCain's claim that "the fundamentals of our economy are strong," uttered just before the financial crisis turned dire, may go down as one of the great blunders of presidential-campaign history. "Senator McCain, what economy are you talking about?" Barack Obama exclaimed hours after the words escaped his opponent's mouth. The mocking TV ads soon followed, and as the weeks wore on and financial jitters gave way to near collapse and certain recession, McCain's statement began to evoke unsettling memories of Herbert Hoover, who said similar things in the early 1930s...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...wins, Obama may partly owe the presidency to McCain's claim that our economic fundamentals are strong. But once in office, the winner's job will be made a lot easier if it turns out, as seems likely, that McCain was right...

Author: /time Magazine | Title: The Economy Really Is Fundamentally Strong | 10/16/2008 | See Source »

...border dispute erupted in July after UNESCO awarded world-heritage status to the 900-year-old temple. It was built by ancient Khmers, the dominant ethnic group in Cambodia, who also constructed the famous Angkor Wat complex. Although the U.N. agency accepted Cambodia's sole claim of the site, Thailand believes that a stretch of land that is used to access the temple is rightfully its own. In 1962 the International Court of Justice ruled that the temple was in Cambodian territory, but it sidestepped the issue of the access route. For weeks in July and August, hundreds of soldiers...

Author: /time Magazine | Title: Thai-Cambodian Border Spat Heats Up | 10/15/2008 | See Source »

...year I explored all these claims. Age is the new fat, in the way that there are things that used to say low-fat or low-calorie, which now claim to be anti-aging. You've got age-defying water. In other countries there are collagen-infused marshmallows. In Japan there's beauty ice cream. Food that used to be reviled for being fattening, like avocados, olive oil and nuts have been reborn as elixirs. Chocolate, once the poster food for appearance problems, now [claims to have] anti-aging properties. Maybe if you eat a lot of chocolate, your wrinkles...

Author: /time Magazine | Title: Beth Teitell: On Not Looking Old | 10/14/2008 | See Source »

Russia first lay claim to the Arctic in July 2007, when Vladimir Putin signaled his intention to annex the entire North Pole, an area twice the size of France, Belgium and Switzerland combined. Currently, five countries - Russia, the U.S., Canada, Norway and Denmark - each control a 200-mile economic zone along their coasts in the Arctic region. None of these economic zones reach the North Pole. Under the current U.N. Maritime convention, one country's zone can be extended only if it can prove that the continental shelf into which it wishes to expand is a natural extension...

Author: /time Magazine | Title: Why Russia Is Bailing Out Iceland | 10/13/2008 | See Source »

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