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...what are the sages saying now that 2010 is just around the corner? Plenty. Next year we'll see oil hit $90 a barrel (per Goldman Sachs), unemployment peak at 10.5% (Fitch Ratings), the value of the dollar with respect to the euro and yen hit bottom (Deutsche Bank), 10-year Treasuries yield more than 4% (Bank of America Merrill Lynch) and small-cap value stocks outperform all other categories (Richard Bernstein Capital Management). As for the stock market more broadly? Strategists at UBS expect gains well into the double-digits. The CEO of PIMCO sees a 10% drop...

Author: /time Magazine | Title: 2010 Financial Forecasts: A 50% Chance of Being Right | 12/21/2009 | See Source »

...yogic flying or reincarnation - as shrilly as any Red Guard, and declare that Christians ought to be deprived of the vote. But I'm also capable, at the evening's conclusion, of telling my hosts that their Arne Jacobsen chairs are blocking the chi in their green-dragon corner. The fact that I'm half-Chinese always seemed to make this O.K. Sure, feng shui was nonsense, but it wasn't the same sort of nonsense as transubstantiation or homeopathy. It was a superior Chinese nonsense, a righteous part of my fashionably ethnic, intangible heritage...

Author: /time Magazine | Title: How Feng Shui Is Being Discredited in Hong Kong | 12/21/2009 | See Source »

Similarly, Chris Kotelly, the owner of Crimson Corner News Stand, which is directly across the street from the Pit, commented that as long as the young people in the Pit do not cause trouble, it is not a problem. He added, “Some of them are our costumers, I respect them...

Author: By Kerry K. Clark, CRIMSON STAFF WRITER | Title: Eccentric People Create Eclectic Pit | 12/16/2009 | See Source »

...airplanes some 70 years earlier, James Cameron, in a hockey jersey and jeans, was doing something élite directors do not do - holding a camera. "Why can't I see anything?" he yelled from an apparently empty warehouse floor to a small crew huddled over computer monitors in a corner. "Oh, oh, oh, I'm in the monster's head!" Cameron backed up, and a peek through his camera lens revealed blackness giving way to a thick and vivid rain forest where a tall, blue, alien version of Sigourney Weaver was battling the monster whose head had just blocked...

Author: /time Magazine | Title: Avatar Arrives! Can James Cameron Be King Again? | 12/14/2009 | See Source »

Proponents hail this remote corner of New Mexico as an ideal location for a spaceport: the weather is dry and clear year round, and at 4,500 ft. above sea level, jokes Steve Landeene, the spaceport's executive director, "the first mile is free." Physicist Robert Goddard developed modern rocketry here in the 1930s; in 1947, a mysterious object crashed to earth outside Roswell, making the town synonymous with UFO conspiracy theories. Thanks to the restricted airspace over the neighboring White Sands Missile Range and Holloman Air Force Base, there's also hardly any commercial air traffic. (Watch an interview...

Author: /time Magazine | Title: Postcard from Las Cruces | 12/14/2009 | See Source »

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