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The last several weeks have also seen the emergence of the slogan that "things are not getting bad as fast as they were." Some of that relied on slowing weekly unemployment figures and better-than-expected consumer sentiment. For a brief period, all of the statistics on the economy were...

Author: /time Magazine | Title: Who Stole the Recovery? | 4/21/2009 | See Source »

Why is BYD, a company with little history in the auto industry, viewed as potential leader of that shift? One answer is that last September, Berkshire Hathaway chairman Warren Buffett, the Oracle of Omaha, paid $230 million to buy a 9.8% stake in BYD. At a press conference at the...

Author: /time Magazine | Title: Is the Future of Electric Cars in China? | 4/21/2009 | See Source »

As Bill Clinton took care to point out, it's the good guys who have been winning lately in Russia, the Middle East and other areas far more vital to American interests than Haiti. Nonetheless, the Haitian's anguished question had a point. Some extremely bad guys in his poverty...

Author: /time Magazine | Title: In and Out with the Tide | 4/21/2009 | See Source »

Even in its revamped form, the IMF will be less of a significant player on the world stage than its founders intended at the Bretton Woods conference in 1944. Back then, the resources allocated to the IMF amounted to more than half of the world's current account payments. Today...

Author: /time Magazine | Title: International Monetary Fund 2.0 | 4/20/2009 | See Source »

But historians find the story entirely plausible. Hans-Hermann Hertle from the Potsdam-based Center for Research on Contemporary History tells TIME that he had "already wondered about that 15 years ago." Hertle cites the fact that an American reporter present at the press conference, when attempting to speak, was...

Author: /time Magazine | Title: Berlin Wall: Was the Fall Engineered by the GDR? | 4/19/2009 | See Source »

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