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...success of Goldman Sachs and JPMorgan Chase and attributes that success to their being better at what they do than their rivals are [Aug. 3]. Yet nowhere does Fox explain what they do or how they contribute to the economic well-being of this nation. Is that because the constant cycle of consolidations and spin-offs does nothing but assuage the egos of CEOs and enrich the executives and employees of those two firms? Christopher Kane, GRASS VALLEY, CALIF...

Author: /time Magazine | Title: Inbox | 8/17/2009 | See Source »

...Contrary to constant press reports in China and abroad, which say the Chinese side of the iron-ore price negotiations are being conducted on Beijing's side by the Chinese Iron and Steel Association, they are, in fact, being run straight out of Premier Wen Jiabao's office. And Wen, says the banking source, has "not been a happy man" since the Chinalco deal fell apart earlier this summer. Don't misread, in other words, the absence of the state-secrets charge against the Rio Four as evidence that the extraordinary face-off between China and one of the world...

Author: /time Magazine | Title: China vs. Rio Tinto: The Confrontation Isn't Over | 8/14/2009 | See Source »

...annual rallies. In 1935 it gave its name to the anti-Semitic Nuremberg Laws, and later witnessed trials of war criminals. Now the gnome incident has some Germans questioning whether the country's strict anti-Nazi laws remain relevant in 2009. Germans have long understood that their country's constant struggle to distance itself from its past might mean it is doomed never to escape it. But what, some people are asking, does a gnome have to do with all that...

Author: /time Magazine | Title: The Curious Case of the Nazi Gnome | 8/12/2009 | See Source »

...Islamist radicals of al-Qaeda are too weak to coordinate the massive attacks of the past, and certainly not in Baghdad. But others appear to be picking up the slack. The Sunni Ahdamiya neighborhood used to see Shi'ite reprisal attacks for al-Qaeda killings. Nowadays, violence is constant though relatively lulled - and most of it, say locals, is perpetrated by political parties that have militia forces and are not shy about using arms against their rivals. The parties, of course, mostly form along sectarian lines. On July 31, five Shi'ite mosques in Baghdad were attacked. The next...

Author: /time Magazine | Title: Iraq's Bombs of August: A Return to the Bad Old Days? | 8/11/2009 | See Source »

...writing sessions, I learned that B loves to think about psychology. Though his humor appears effortless, it is really the product of constant analysis. He makes hypotheses about what kinds of laughs might be associated with particular brain states. He keeps a running list of what people say about the mind as he watches television. He finds food for thought even in exercise competitions. "Harness your psychic powers to enhance your muscles and annihilate your opponent!" he remembered an overexcited host saying. B wondered why the show would portray the mind as so dominant over the body...

Author: By Alex M. Mcleese | Title: Body and Soul | 8/10/2009 | See Source »

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