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...stock market is not so much a news processor as a leading economic indicator, and today's loss notwithstanding, big investors may be betting on better news around the corner. "If you believe as I do that we'll be coming out of recession by year end, then this is about the time you would expect to see the start of a cyclical bull market," says Stephen Leuthold, president of Leuthold Group in Minneapolis, a firm with $5 billion in assets. Leuthold has studied stock markets and recessions going back to 1860. "We found that in all but two instances...

Author: /time Magazine | Title: Has the Stock Market's Rally Run Its Course? | 3/27/2009 | See Source »

...texture. But even fans of the delicacy can't help but think about how it came to be. To make foie gras, farmers force-feed their fowl via a metal tube inserted in the ducks' throats. Chicago Tribune entertainment reporter Mark Caro was thrust into this very dicey corner of haute cuisine when he wrote a 2005 story about a famous Chi-Town chef's sudden ban on foie gras and the hatred in the foodie community he inspired. (Read "Fight for Your Right...

Author: /time Magazine | Title: Mark Caro, author of The Foie Gras Wars | 3/26/2009 | See Source »

...that he was eating at 5 & Diner - a chain of 1950s-themed restaurants throughout the Southwest - Bearden and Neden drove over to the downtown Phoenix location to see if it was really him. They found the 7 ft. 1 in., 320-lb. Phoenix Suns center seated alone in a corner booth, futzing with his cell phone. "He looked just like a random guy at a diner," says Neden. "Except, you know, he was Shaq." (Read 10 Questions with O'Neal...

Author: /time Magazine | Title: Celebrity Twittering: Is That Really You, Shaq? | 3/24/2009 | See Source »

...money managers to purchase and trade this paper. There has only been speculation about the outcome, and that has been over a broad range. Prominent economists, led by James Galbraith and Paul Krugman, have said that the plan may actually do more harm than good. In the Treasury's corner, Pimco, the largest fixed income management firm in the U.S., endorsed the Administration's plan. "This is perhaps the first win/win/win policy to be put on the table and it should be welcomed enthusiastically," Bill Gross, PIMCO's co-chief investment officer, told Reuters. The market moved up 7% mostly...

Author: /time Magazine | Title: Why the Market Rally Is Like Waiting for Godot | 3/24/2009 | See Source »

...outsourcing sector has helped transform Indian attitudes toward the English language. English is emerging as the language of aspiration for the Indian population - as a passport to a lucrative job and entry into the country's growing middle class. A friend of mine is an entrepreneur who runs Corner House, a popular Bangalore ice cream and sundae parlor. He told me resigningly that he had taught his staff some English so that they would be able to take orders and they left him to join a BPO company...

Author: /time Magazine | Title: Imagining India: A Manifesto by the Bill Gates of Bangalore | 3/23/2009 | See Source »

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